Source: Inside Contactless
INSIDE Contactless, one of the world's largest providers of contactless semiconductor chips, today announced that its MicroPass platform has been selected as the initial chip platform for Wells Fargo's launch of Wells Fargo Visa Platinum and Wells Fargo Visa Signature contactless cards.
These cards are produced by CPI Card Group and powered by INSIDE Contactless' MicroPass platform.
INSIDE's MicroPass is a next-generation microprocessor-based contactless chip platform designed specifically for contactless transactions. Its innovative design enables optimum read distance, and requires minimal power consumption for contactless applications, which do not have a dedicated power source. Coupled with the industry's fastest transaction processing speeds - typically around 150 msec for a contactless transaction - MicroPass enabled bank cards provide a consistent and reliable experience for card holders.
"The INSIDE MicroPass technology meets Wells Fargo's needs by providing a fast and convenient contactless payment experience," said Charles Walton, EVP Sales & Marketing for INSIDE Contactless. "We're thrilled to support Wells Fargo with its launch based upon MicroPass."