Sheetz Rolls Out PayPass
Sheetz, Inc., announced that it will be accepting MasterCard PayPass across its entire chain of stores.
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Sheetz Puts MasterCard PayPass to Work
January 4, 2005
ALTOONA, PA -- Sheetz, Inc., announced that it will be accepting MasterCard PayPass across its entire chain of stores. The convenience store chain said it's the first retailer in the nation to accept MasterCard International's radio-frequency (RF)-based payment option.
"Sheetz prides itself on being a pioneer in the convenience store industry, and being the first retailer to implement 'tap and go' payments across the entire chain is yet another example of our mission to continually improve our customers' shopping experience," said Louie Sheetz, executive vice president of marketing for Sheetz. "MasterCard PayPass leads the way in the RF-based payment segment and will provide Sheetz customers with more convenience and time savings at the checkout than ever before."
All 305 Sheetz locations will be equipped and ready to accept MasterCard PayPass in-store by March 1. Sheetz will be expanding PayPass acceptance to all of its stores' gas pumps throughout the spring of 2005.
MasterCard PayPass cardholders can pay for purchases at Sheetz by tapping their PayPass-enabled payment card on a specially equipped terminal that utilizes an RF chip to complete a payment transaction, said Sheetz, eliminating the need for customers to hand over their payment card to a merchant or manually swipe it through a reader. Moments after the cardholder taps his or her PayPass-enabled card, account details are communicated to the terminal and then processed through the MasterCard network for clearing and settlement.
According to Sheetz, the MasterCard PayPass streamlines customers' shopping experience by eliminating the need for customers to sign their payment card receipts for all sales under $25. Currently, more than 80 percent of convenience store transactions are less than $25.
Posted by Craig at January 4, 2005 02:24 PM