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Harvard first credit union to issue MasterCard PayPass
October 3, 2007
PURCHASE, N.Y. - MasterCard Worldwide and Harvard University Employees Credit Union have announced that HUECU has begun issuing debit MasterCard cards enabled with the MasterCard PayPass payment functionality, bringing contactless payments to Harvard University employees, faculty, students, alumni and Harvard teaching hospitals and affiliated organizations. HUECU, a state-chartered credit union that has been serving its members since 1939, is the first credit union to announce that it is issuing PayPass-enabled payment cards.
As of Q2 2007, there were more than 16 million PayPass cards and devices in use at more than 55,000 merchant locations worldwide, including Fenway Park and numerous quick-serve restaurants, cafés, pharmacies, retail establishments and convenience stores in the vicinity of Harvard University.
"We are proud to be the first credit union to offer this innovative payment functionality to our cardholders," said Jim Lawrence, retail operations administrator, Harvard University Employees Credit Union. "We are always looking for ways to better serve our members, and the speed and convenience offered by PayPass fits that ambition precisely.
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