Contactless Smart Cards, RFID, Payment, Transit and Security

Octopus extending tentacles outside of Hong Kong

Monday, May 12, 2008

If imitation is the sincerest form of flattery, then Hong Kong-based Octopus Cards Limited ought to be feeling pretty good about itself. Not only has it revolutionized transit payments at home-Hong Kong-but its arms are starting to spread to other parts of the world.

There are 1957 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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The report describes the evolution contactless payment methods used at point-of-sale, with reference to the solutions offered under the American Express/MasterCard/Visa Agreement. The report also examines the prospects for the development of contactless payments all over the world, including the potential to develop into NFC-based mobile payments.

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