The newly launched Absa MasterCard Titanium card combines MasterCard’s technologies into one card, enabling consumers to perform various transactions without having to carry multiple payments cards or devices.
The MasterCard Display card technology ensures the card is similar to a regular credit or debit card, but it features an embedded LCD display and a touch-sensitive button. This allows a cardholder to generate a One-Time Password (OTP) as an authentication security measure when shopping online at participating 3D Secure merchants.
The card incorporates MasterCard’s PayPass Tap & Go functionality, a contactless payment capability which provides security feature related to cash payments. It provides consumers with a method to pay for everyday low value payments where speed is essential, such as quick serve restaurants, petrol stations, supermarkets and movie theatres. Cardholders simply tap their MasterCard PayPass-enabled card on a specially equipped terminal, and the transaction is completed.
The card’s functionality also enables cardholders to access their underlying debit, credit or savings accounts, which means that cardholders no longer need to carry multiple cards in their wallets. When they want to make a purchase, they simply insert their Absa MasterCard Titanium card into a conventional payment terminal and use the keypad to select to pay using funds from their debit, credit or savings account. They then enter their PIN and the transaction is complete.
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