PayPass Transaction definition

PayPass Transaction means Card Transaction made by means of contactless chip technology of the company Mastercard allowing execution of cashless payment transaction by placing the Payment Card or Technical Device to contactless reader of the POS terminal or ATM.
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Related to PayPass Transaction

  • Person means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.