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Motorola to Launch Trial of Handsets
with MasterCard® PayPass™
Technology
SCHAUMBURG, Ill. – 12
October 2004 – Motorola (NYSE: MOT) today announced that it will conduct a
field trial of mobile phones enabled with MasterCard® PayPass™,
a new “contactless” payment option and Near Field Communications
(NFC) technology. Consumers will enjoy the benefits of simpler and faster
transactions conducted with their mobile phones.
“Motorola is excited to be working with
MasterCard to create a phone that has the potential to be lifestyle changing,
and offers a convenient, fast, and secure method of payment. In essence your
phone will become your wallet, key chain and your ID,” said Ron
Hamma, vice president and director of enterprise business development, Motorola,
Inc. “Fully integrating MasterCard PayPass technology in our
phones is a natural fit and major benefit to the
consumer.”
The handsets will incorporate
a number of security features to protect financial data and to ensure consumers
a secure financial transaction.
“Consumers continue to want more
convenience in their everyday life,” said Art Kranzley, executive
vice president and chief e-Business officer, MasterCard International.
“Combining MasterCard PayPass payment functionality with Motorola
mobile phones offers consumers a unique way to pay using something they carry
wherever they go—their mobile
phone.”
“In fact, recent MasterCard
consumer research showed that consumers who found contactless payments to be
extremely appealing, selected mobile phones, based on convenience and
uniqueness, as a form factor of choice to be enhanced with
PayPass,” added Kranzley.
The
Motorola phones will be equipped with NFC technology, which enables the device
to run multiple proximity applications as well as payment. In the future, these
may include applications such as contactless ticketing for mass transit or
events. In addition, the phone can function as a contactless reader, paving the
way for a variety of marketing and promotional applications. Applications can
be loaded into the secure area of the phone ‘over the air,’ offering
potential operational savings to card issuing financial institutions, as well as
revenue opportunities to wireless network operators.
The Motorola phones enabled with MasterCard
PayPass technology are expected to be trialed by the end of this year in
a variety of locations in the U.S.
About
Motorola
Motorola, Inc. (NYSE: MOT) is a global
leader in wireless, broadband and automotive communications technologies that
help make life smarter, safer, simpler, synchronized and fun. Sales in 2003 were
US$27.1 billion. Motorola creates innovative technological solutions that
benefit people at home, at work and on the move. The company also is a
progressive corporate citizen dedicated to operating ethically, protecting the
environment and supporting the communities in which it does business. For more
information: www.motorola.com.
About MasterCard International
MasterCard International is a leading global
payments solutions company that provides a broad variety of innovative services
in support of our global members' credit, deposit access, electronic cash,
business-to-business and related payment programs. MasterCard International
manages a family of well-known, widely accepted payment cards brands including
MasterCard®, Maestro® and Cirrus® and serves financial institutions,
consumers and businesses in over 210 countries and territories. The MasterCard
award-winning Priceless® advertising campaign is now seen in 96 countries
and in 47 languages, giving the MasterCard brand a truly global reach and scope.
For more information go to www.mastercardinternational.com.
Media
Contacts:
Juli
Burda
Motorola,
Inc.
+1-847-538-5625
Juli.Burda@motorola.com
Christina
Rae
MasterCard
International
+1-914-249-4606
Christina_Rae@mastercard.com
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