Uniform Industrial Corporation (UIC), a worldwide payment solution provider, today announced partnership with the European parking and public transportation ticketing company IEM, starting in autumn 2013.
The two parties have worked out a solution for pay and display machines, which enables 'tap and go' with Visa payWave, MasterCard paypass, and Near Field Communication (NFC) enabled mobile phones for the French market.
The contacless payment device, UIC680, developed by UIC, is integrated with IEM's existing payment system, and thus, allow IEM to offer the all range of payment on low powered unattended devices. The fact that the pay & display market requires solar powered machines, it needs an EMV contactless reader which can work on extremely low power. The UIC680 is the only one on the market which has this capacity and that is why IEM decided to integrated it. Furthermore, the UIC680 is certified with EMV Contactless (international standard for payment cards), it fulfils the most extreme requirements, and can stand the most extreme climates and temperatures, and thus suits the weather conditions in France. Both parties agrees that this is an important step, meeting a more cashless society, making it easier for both customers and stakeholders with less bill and coin handling.
"This is a way for IEM to stay competitive and innovative, since France is in the forefront of contactless payment in Europe" says Winston Fong, VP of Sales & Marketing at UIC. "It is important to meet the customer demands when it comes to payment alternatives. As the most visited country in the world, tourist-wise, France has proved to be a country with need for modern alternatives". UIC has experience in cashless payment, and with mobile payment as a relatively new payment method, NFC has become a convenient way to make a purchase. Fong adds; "Looking at today's parking payment on the streets, it is a high demand for fast service. When using 'tap and go' the payment procedure goes faster and the user feels safer because he doesn't need to enter his PIN code on street. IEM has proven themselves to be aware of new technologies, and we are hence happy to be associated with them."
'Tap and go' means that the user taps their card or mobile phone to the payment device on the parking meter to make the transaction. The card or phone needs to be within the range of 4cm from the parking meter's receiver, and after confirmation the transaction is done. With an increase of NFC ready smart phones on the market and a rapid upswing of contactless cards, this will be a faster, safer and more common way to pay in the near future.
IEM will start to release the Presto Pay NFC in France in the coming months and later on expand the solution to nearby countries in Europe.