Central Bancompany, a community bank holding company, has announced that it is providing customers with MasterCard PayPass contactless payment technology by issuing new debit cards incorporating the solution.

The PayPass-enabled cards offer debit cardholders at 12 of Central Bancompany’s banks throughout Missouri a fast, secure and more convenient way to pay by enabling ‘tap & go’ transactions.

To make a payment, Central Bancompany customers tap their PayPass-enabled debit cards on a specially equipped merchant terminal. PayPass allows payments to be completed without swiping a card. Signatures are not required for PayPass purchases under $25.

Bryan Cook, president and COO of Central Bancompany, said: MasterCard PayPass is a great example of Central Bancompany’s commitment to continually evolving our services and offerings to bring added value and convenience to our customers. MasterCard PayPass is simpler and faster than cash, enabling our cardholders to enjoy a quicker, more convenient payment option.