CAMBRIDGE, Mass. — The $219 million Harvard University Employees Credit Union has become the first CU in the country to issue debit cards with PayPass, MasterCard's contactless card technology.
MasterCard said that as of the second quarter of 2007, there were more than 16 million PayPass cards and devices in use at more than 55,000 merchant locations worldwide, including Fenway Park and numerous quick-serve restaurants, caf?(C)s, pharmacies, retail establishments and convenience stores in the vicinity of Harvard University.
"We are proud to be the first credit union to offer this innovative payment functionality to our cardholders," said Jim Lawrence, retail operations administrator for Harvard University Employees Credit Union. "We are always looking for ways to better serve our members, and the speed and convenience offered by PayPass fits that ambition precisely."
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