Home Depot to accept MasterCard PayPass

MasterCard Worldwide announced Monday that Home Depot will begin accepting its contactless payment system, MasterCard PayPass, at 1,974 retail locations across the United States.

The MasterCard PayPass is designed to provide customers with faster transactions and greater payment convenience: Customers simply tap their MasterCard PayPass cards or devices on a PayPass reader at checkout to complete their purchases.

"Contactless payments meet consumer demand for more convenient ways to pay in retail environments," said Cathleen Conforti, SVP, Global PayPass, MasterCard Worldwide. "The increasing popularity of MasterCard PayPass demonstrates that merchants and customers alike appreciate the speed and convenience PayPass delivers, as consumers continue to shift their preference to electronic payments from cash and check."

In addition to MasterCard PayPass, Home Depot will continue accepting all other traditional magnetic-stripe payment-card brands.