Rogers Trials New Payment Technology by MINT and MasterCard
TORONTO -- (MARKET WIRE) -- 09/19/2005 -- Rogers Communications today announced that the Company is conducting a market trial of the Mint PayPass MasterCard at its Toronto headquarters. Throughout the trial, Rogers employees can use the Mint MasterCard for two new innovative payment options: MasterCard PayPass is a feature which enables contactless payment processing and prepaid functionality which allows cardholders to preload value on their card. Over the course of the trial, employees at the Rogers Campus need only register for the Mint MasterCard, which can be used for contactless payments at MasterCard PayPass designated merchants at the Campus and traditional purchases wherever MasterCard is accepted worldwide.
"Rogers is committed to bringing innovative communications solutions to our customers using Rogers' nationwide suite of wired and wireless networks," said Paul Nielsen, President, Rogers Business Solutions. "The Mint PayPass MasterCard trial has enabled us to offer our employees early access to an exciting new product, retailers with the opportunity to accelerate check-out speeds and overall, the chance to identify a new product that will provide Rogers customers with access to what matters most to them, more quickly and more efficiently than they could find anywhere else."
MasterCard PayPass is a contactless technology that provides customers with a speedy alternative to cash payment. To pay, users simply tap or wave their Mint MasterCard card against a MasterCard PayPass reader, which is connected to an existing point-of-sale terminal that operates on the leading-edge Rogers' networks including the nationwide Rogers GSM/GPRS network, high-speed Cable, or DSL networks. The card contains an embedded radio frequency (RF) chip that transmits data securely. MasterCard PayPass speeds up the payment process for both merchants and consumers. It is ideal for quick payment environments where speed of processing is essential.
MasterCard International first issued MasterCard PayPass enabled credit cards in the United States in 2003. Mint Inc., in partnership with Peoples Trust, is the first to deploy and support MasterCard PayPass enabled card products and prepaid payment cards in Canada.
The prepaid Mint PayPass MasterCard offers Canadians a new and alternative method of payment. Furthermore, prepaid cards open up new, potential market segments. Prepaid cardholders simply preload their Mint PayPass MasterCard account with monetary value, funds are debited from the account with each purchase made, and the account can be topped up at any time. The prepaid card can be used for purchases at any of the millions of global locations where MasterCard is accepted, including the Internet.
"A prepaid MasterCard holds great appeal for a number of market segments, and the immediate response from Rogers Campus' employees demonstrates that we are, without a doubt, filling a gap," said Frank Maduri, President of Mint Inc., "It's exciting to watch how quickly it's catching on over there."
"MasterCard PayPass will be rolling out in the Canadian market in the months ahead, building on the success and progress of the product in the United States," said Nagesh Devata, Vice President, MasterCard Canada. "MasterCard PayPass will make a significant impact on how merchants can handle payment and how consumers can choose to pay for purchases. It combines fast secure payment with proven technologies that are market-ready today."
Peoples Trust of Vancouver is responsible for card issuance. "We are excited about the potential of MasterCard PayPass and the prepaid MasterCard products, and look forward to working with Rogers Communications and Mint Inc. on this program," said Frank Renou, President of Peoples Trust.
Rogers Communications (TSX: RCI) (NYSE: RG) is a diversified Canadian communications and media company engaged in three primary lines of business. Rogers Wireless is Canada's largest wireless voice and data communications services provider and the country's only carrier operating on the world standard GSM/GPRS technology platform; Rogers Cable is Canada's largest cable television provider offering cable television, high-speed Internet access, voice-over-cable telephony services and video retailing; and Rogers Media is Canada's premier collection of category leading media assets with businesses in radio, television broadcasting, television shopping, publishing and sports entertainment. For further information about the Rogers group of companies, please visit www.rogers.com.
About Mint Technology Corp.
Mint is a leading payment solutions company. Through its payment platform and prepaid credit card programs, Mint is the first in Canada to facilitate and deploy prepaid MasterCard