22 September 2017
Find out more

Oberthur ships fast dual interface MasterCard payment card

03 February 2014  |  1606 views  |  0 Source: Oberthur Technologies

Oberthur Technologies, a world leader in digital security solutions for the mobility space, today announced the release of the fastest MasterCard dual interface payment card on the market. Chrysalis Fly v3.0 reaches unprecedented contactless performances.

In the urban transport, contactless technology has always been challenged for its speed performances and its level of security. Indeed, the most difficult challenge of the Open Payment is the transaction speed during validation at the gate. It must be very fast to ensure maximum fluidity of commuter's traffic and fulfil stringent authorization to access the network. Thanks to this new EMV dual interface card, the users of public transport network will experience the fastest way to travel in urban areas.

Oberthur Technologies' Chrysalis Fly v3.0 is the first card significantly converging between payment and public transport ecosystems. OT offers banks new revenue streams by promoting the usage of their MasterCard payment instruments for Open Payment in transit network. This innovative usage will bring additional value to cardholders' payment cards.

"We are proud to release such a complete and high-performance product that is leveraging on OT's expertise and excellence in delivering best-in-class products to both urban Transit and Payment industries" said Antoine Vilain - Payment and Transport Product Lines Director at OT. "With this new product, OT demonstrates once more its commitment to offer Mobility to end-users".

"Customers rightly expect fast, simple and intuitive experiences when riding public transport systems. So MasterCard is delighted to see OT tackling the challenge of faster transit transaction times with the launch of Chrysalis Fly, and thereby enabling banks and other card issuers to deliver great payment experiences to cardholders in ever increasing numbers of cities around the world" said Will Judge, Senior Business Leader Transit at MasterCard.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.abe-eba.euvisit www.sibos.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
12523 views comments | 26 tweets | 42 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10969 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9543 views comments | 6 tweets | 3 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8179 views comments | 18 tweets | 27 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
8128 views comments | 5 tweets | 4 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job