INSIDE Contactless, a provider of open-standard contactless chip technologies, announced it is bringing its MicroPass intelligent payment platform to the transit fare collection market and increasing activity in supporting the industry to migrate towards new open standards based on secure contactless payment solutions. As a part of this to this, INSIDE has joined the American Public Transportation Association .
“INSIDE’s MicroPass payment platform is ideally suited for next-generation transit fare payment systems as the industry embraces open, standards-based systems‚” said Charles Walton, executive vice president of payments for INSIDE Contactless.
Contactless payment technology is evolving to become the standard for new transit fare collection systems because it meets customer requirements for quick entry and exit, ease of use and convenience, INSIDE adds. It also delivers many operational advantages, including lower maintenance costs, lower life-cycle fare media costs, increased patronage, reduced fare evasion, and increased financial float.
Based upon a RISC architecture, each of the MicroPass family of products has low power consumption and fast transaction processing, meeting the demands of issuer organizations in the bank card payments, transit, and access control markets. MicroPass has more than 35 million MicroPass-powered bank cards deployed in the United States. ![[end]](/resources/bullet/archive-4.gif)
