TORONTO — McDonald's Restaurants of Canada Ltd. will install MasterCard's PayPass readers and chip-card terminals in some of its 1,400 restaurants across Canada as early as 2008, the company announced.
The PayPass feature gives consumers the ability to make "contactless" payments with the swipe of a card, mobile phone or key fob. Additionally, chip cards allow customers to personally insert their card into a chip-enabled terminal and then enter a personal identification number (PIN) to complete the transaction.
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