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MasterCard Worldwide and Advanta (which, through Advanta Bank is one of the largest issuers in the US of MasterCard business credit cards to small businesses and business professionals), is to issue the PayPass-enabled Advanta MasterCard Small Business card in September. This marks the first small business credit card to be equipped with PayPass contactless payment technology. The technology allows customers to tap their PayPass-enabled card on a specially-equipped terminal that uses a radio frequency (RF) chip to complete the transaction at participating retailers and restaurants. Moments after the customer taps the card, account details are communicated to the terminal and then processed through MasterCard Worldwide's secure network for clearing and settlement. As of Q2 2006, there were nearly 10 million PayPass cards and devices in the market and approximately 32,000 merchant locations around the world that accept PayPass, including McDonald's, 7 Eleven, CVS, Duane Reade, Sheetz and Regal Entertainment Group.

For additional information:
·  Visit MasterCard PayPass at http://www.mastercard.com/paypass
·  Visit Advanta at http://www.advanta.com

Sources: Advanta; MasterCard Worldwide