Cubic Transportation Systems, Inc., is providing new capabilities for its Tri-Reader® to enable an all-in-one reader that will process bank cards, prepaid cards and smart card-enabled mobile phones through an exclusive software development and licensing agreement with ViVOtech, the provider of point-of-sale readers for contactless and near field communication mobile phone payments.
With more than 50 million contactless bank cards issued in the U.S. and growing interest among transit operators to add bank card acceptance as a way to pay fares for train and bus rides, this enhanced feature set will add a new level of convenience for those passengers carrying such products. Transit patrons will have the ability to tap a variety of products from various issuing groups as they board trains and buses.
Under the agreement, Cubic will integrate ViVOtech’s contactless payment software into the latest generation Tri-Reader® platforms and will obtain type certification for MasterCard Paypass, Visa PayWave, American Express, Discover cards, which will enable contactless bank card acceptance at Cubic fare collection devices for public transit.
With the new software, the Tri-Reader, a very secure, ISO 14443 Type A- and Type B-compliant smart card processor, will provide a single reader that will seamlessly accept contactless bank cards, innovative new prepaid products like the First Data® GO-Tag™ solution, and emerging Near Field Communications (NFC) mobile phone technology, as well as, currently issued transit cards and those conforming to national transit standards.
Link to full press release from Cubic.
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