Global Payments Inc. News
Pioneer Petroleums Taps Global Payments for MasterCard(R) PayPass(TM) Transactions
"Global Payments has had a long standing relationship with Pioneer Petroleums and we are very pleased to be able to add them to Global Payments expanding list of merchants that are MasterCard PayPass enabled across
"The implementation and adoption of MasterCard Pay Pass technology aligns well with Pioneer's commitment to enhance our customers overall shopping experience at Pioneer, by offering convenience and speed to the transaction process," said Vice President, Marketing & Merchandising, Pioneer Petroleums,
PayPass offers consumers a convenient alternative to cash by completing small ticket purchases quickly, securely and easily. Pioneer customers with a MasterCard PayPass card or device can also pay for purchases in-store. With PayPass, there is no longer the need to fumble for cash and coins, enter a PIN, swipe a card, or sign a receipt for any PayPass purchase under
"We believe that the security, speed and convenience of using MasterCard PayPass at the register and gas pump will improve cardholders' overall retail experience," said Vice President, Acceptance and Merchant Development, MasterCard Canada,
MasterCard PayPass uses radio frequency technology to transmit payment details wirelessly between the PayPass device and the merchant's terminal. The transaction is then processed through the MasterCard network for clearing and settlement. PayPass cards can also be used in the traditional manner anywhere MasterCard is accepted around the world. MasterCard PayPass is ideal for traditional cash-heavy environments where speed is essential, and has led the way in bringing contactless technology to consumer categories where quick service is essential.
Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi- national corporations located throughout
About Pioneer Petroleums
Founded in
About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 18 billion transactions each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. Through its family of brands, including MasterCard(R), Maestro(R) and Cirrus(R), MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com.
This announcement may contain forward-looking statements pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements involve risks and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, development difficulties, foreign currency risks, costs of capital, continued certification by credit card associations, the ability to consummate and integrate acquisitions, and other risks detailed in the Company's SEC filings, including the most recently filed Form 10-Q or Form 10-K, as applicable. The Company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.
Global Payments Contact: Phyllis McNeill 770-829-8245 Voice phyllis.mcneill@globalpay.com Pioneer Contact: Harvey D. Dyck 905-633-3453 Voice harveyd@pioneer.ca MasterCard Canada Contact: Julie Wilson 416-365-5594 Julie_Wilson@mastercard.com
SOURCE Global Payments Inc.
Search Our News Using Google Search
Can't find what you want? Try using Google:
