Virtual queuing systems developer Lo-Q has signed a global memorandum of understanding with MasterCard International Incorporated, the global payment systems group.

Under the terms of the deal, Lo-Q and MasterCard will work together to develop a new contactless payment solution that combines MasterCard's Tap and Go PayPass payments technology with Lo-Q's innovative queuing software and systems.

Once developed, Lo-Q and MasterCard will work closely together to market and promote this combined solution to the operators of theme parks, water parks and other entertainment attractions which normally require consumers to queue before use.