Contactless Smart Cards, RFID, Payment, Transit and Security

The New Wave of Contactless Payment Technology

Sunday, June 1, 2003

BY MOHAMMAD KHAN, President, ViVOtech

Radio frequency (RF)-based contactless technology is enabling faster, more convenient payment in a wide variety of payment applications, from transit systems in Hong Kong, Japan and North America to new retail payment systems in the United States. This new wave of RF payment technology is offering value and convenience to all parties in a payment transaction.

There are 1519 words in the rest of this article …

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The Smart Card Alliance Transportation Council has published a white paper examining how the transit industry can best make use of NFC technology.

“One of the major challenges facing transit agencies today is how to capitalize on the ever-growing popularity of mobile phones with a solid mobile strategy,” said Transportation Council Chairman Craig Roberts. “This white paper builds on the knowledge base developed in earlier white papers to foster a greater understanding of NFC technology, explain its role in the transit industry, and shed light on key issues facing the transit industry in developing a mobile strategy.”

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German bank, Sparkasse will pilot contactless payments for its bank credit card users, reports Venture Village.

Locations in Hannover, Braunschweig and Wolfsburg will be some of the first for the trial, which begins in April. More than 1.3 million customers will receive the new bank cards complete with contactless functionality.

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In Europe, the Association for Retail Technology Standards (ARTS) and EPASOrg has developed a new global standard to help accommodate changes in new payment technologies, according to SupermarketNews.com

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Superdrug, one of Britain’s largest beauty and health retailers, has introduced contactless payment for its in-store customers, according to Retail Gazette.

Created by Streamline and Visa Europe, the contactless system will enable customers to make payments of up to £15 (approx. USD $23) by simply waving their contactless bank card at the more than 50 participating Superdrug stores in London and Liverpool.

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Blackpool, a seaside town situated along England’s west coast, has installed a number of Parkeon contactless-enabled parking pay stations.

For the installation, Blackpool Council opted for the Parkeon Strada pay station terminal. This new, solar-powered terminal is equipped with contactless card readers, accepting contactless payment-enabled mobile phones and various wave and pay bank cards.

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The Peninsula Taxi Association (PTA) in South Africa has launched a electronic fare collection system, granting commuters cashless fare and discounts when using the newly developed contactless-enabled transit card, according to The Cape Times.

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