MasterCard cards for grocery stores

This week MasterCard Canada and Sobeys Inc. signed an agreement to introduce MasterCard Sobeys' preferred payment card at Sobeys banner stores in Ontario and Western Canada. Under the terms of the agreement the first Sobeys-branded payment card, called Club Sobeys MasterCard will be offered to customers.

Club Sobeys MasterCard card will be equipped with MasterCard(R) PayPass(TM) and chip technology. MasterCard PayPass uses radio frequency technology to securely transmit payment details wirelessly between the PayPass device and the merchant's terminal. The transaction is then processed through the MasterCard network for clearing and settlement. PayPass cards can also be used in the traditional manner anywhere MasterCard is accepted.

Customers will be encouraged to use the Club Sobeys MasterCard as the preferred payment card at Sobeys grocery stores in Ontario and Western Canada by means of advertising and in-store signage.