The MicroPass 4003 contactless payment card microprocessor supports the Visa Contactless V2.0.2 AC v3 specification, and also supports backward compatibility for currently deployed Visa Contactless 1.4.2 MSD contactless personalization and acquiring infrastructures.

"We are pleased to be able to support our close working relationship with Visa by bringing this new Streamline Online qVSDC implementation to market as rapidly as possible, and we are confident it will play a significant role in maintaining our leadership in the Visa payWave ecosystem," said Charles Walton, executive vice president of payments for INSIDE Contactless. "We stand ready to support both card manufacturers and issuers during this period of migration with backward compatibility and support services to ease their transition."

INSIDE Contactless continues to improve the security capabilities of its intelligent payment platforms, and the MicroPass 4003 incorporates the latest security enhancements. The MicroPass 4003 offers multiple payment brands and supports multiple applications, as well as providing the industry's fastest transaction time and outstanding read distance to deliver the most reliable cardholder experience.

"We are excited about the opportunity to work with INSIDE Contactless to provide flexible contactless payment options to our customers," said Brian Triplett, senior vice president of emerging product development at Visa Inc.

MicroPass is used today to power contactless bank cards, and is the most broadly adopted core technology for contactless payments with multiple certified card and fob products available from major global and regional card manufacturers. Contactless credit, debit, and pre-paid bank cards issued with MicroPass can be used at locations such as McDonald's, 7-Eleven, CVS, PetCo, BJ's, Office Depot, and in New York City and Philadelphia taxi cabs.

The INSIDE MicroPass 4003 was designed specifically to meet multi-payment brand and multi-application requirements of contactless payment markets. As an intelligent payment platform, the native operating system incorporated into the MicroPass 4003 provides fast, secure, reliable, and flexible support for Visa payWave contactless payments, along with retail/gift card, access control, transit, ID, or other emerging applications. Flexible packaging options enable manufacturers to deploy MicroPass 4003 in a variety of form factors including cards, key fobs, and stickers for mobile handsets.

INSIDE also offers the MicroPass SDK to card manufacturers, terminal manufacturers, personalization bureaus, systems integrators, and issuers with in-house application development staff. The MicroPass SDK helps developers create retailer loyalty, transit, access, and simple ID applications, and incorporate those applications onto a MicroPass contactless bank payment card. These data applications provide a simple way of creating a value-added experience at the contactless point of acceptance and related access points.