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Prepaid Cards moving to Open Prepaid Contactless Card Solutions
Driven by activity in the USA, the card scheme suppliers Visa and MasterCard are strongly promoting open prepaid card solutions based on contactless technology. The growth of this marketplace in the USA has been meteoric and looks set to follow suit in the UK.
One of the key application areas being developed is the use of such cards in a transport ticketing environment allowing a single prepaid product to cover both ticket purchases and retail purchases, which could not be achieved using a prepaid transport-only product such as the Oyster card. Trials are ongoing in New York Transit with MasterCard and in London with Visa based products.
For more information contact info@alco.eu.com
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PIF - Mar 2008 ALCO starts the PIF Transport Working Group |
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BKV Budapest-
Feb 2008 ALCO & Sequoia Smart Solutions advise Budapest's public transport operator |
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Tuxedo Money Solutions-Feb 2008 ALCO advises on the impact and opportunities arising from new technology |
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Mobank-Jan 2008 Mobank development supported by ALCO Consulting |
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Monitise -Jan 2008 Monitise strategy advised by ALCO Consulting |
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NFC Enabled Mobile Phones Mar 2008 Growing Marketplace Enthusiasm |
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Prepaid Cards - Mar 2008 The move to contactless smartcards is gathering pace |
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Citizen Cards - Mar 2008 New opportunities |
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