May 30, 2019
As the New York City Metropolitan Transportation Authority prepares to launch tap-and-go on some city subways and buses tomorrow, Mastercard is announcing the launch of Fareback Fridays.
According to a press release, the program offers fare refunds to cardholders who use the contactless system on the subway test route on Fridays through June and July.
The refund will apply to cardholders who tap-and-pay on the 4,5 or 6 train at any stop between Grand Central Station in Manhattan and the Atlantic Avenue-Barclays Center stop in Brooklyn. The maximum refund will be $5.50 per day, the cost of a roundtrip fare.
Mastercard will also offer Priceless Surprises, in the form of special entertainment, sports and culinary deals, to cardholders who shop at participating contactless merchants.
"Mastercard is thrilled to partner with the MTA to completely transform the experience for commuters in New York City," Linda Kirkpatrick, Mastercard executive vice president for merchants and acceptance in the U.S., said in the release. "Mastercard cardholders who tap their cards or phones at subway turnstiles will benefit from shorter wait times and a slick experience."
Cardholders should check for a WiFi logo on the back of their debit or credit cards to see if the card features tap-to-pay functionality. Alternatively, they can add their card information to a mobile wallet to take advantage of tap-and-pay functionality on an NFC-enabled smartphone.
Topics: Card Brands, Contactless / NFC, Mobile Apps, Mobile Payments, POS
Companies: MasterCard
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