Bank card instead of a travel card

We have already discussed the possibility of paying for travel in public transport by touching the smartphone or using a smart watch to the payment terminal. And over the past months and years, we have seen a number of new achievements in this area.

One of the examples where the potential of contactless technologies was demonstrated is the European Football Championship 2016. The championship itself was remembered by many fans as a triumph of Portugal and the unlucky game of the English national team against the then few well-known Icelanders, but the use of Lille's public transport contactless bracelets. Thanks to this new payment system, the city managed to reduce queues and make it easier for fans to travel to the stadium.

At the same time, the growing popularity of contactless payment services such as Apple Pay and Android Pay is changing people's habits when paying for services, whether it is travel by car or lunch in a restaurant. No less rapidly developing and service Samsung Pay. Since May 16, Samsung Pay users have been able to use this service to pay for travel in London transport. Such solutions based on NFC technologies fully comply with the standards of contactless tickets, providing high speed and safety.

In the #MyNFCDay series of videos, we showed how this new technology affects the lives of people in the largest cities in the world - including London, New York, Singapore.

MasterCard payment system draws attention to another dynamically developing area of ​​contactless payment technology - EMV bank cards. If for any reason you don’t like to pay using your mobile phone or wearable device, there is another alternative to a “stand alone” travel ticket - you can pay for the train or bus using your EMV card. According to a study of the international payment system, today EMV bank cards are accepted for paying for public transport in 80 cities around the world.

There are two formats for working with bank cards. An open system (open-loop) implies the ability to accept any contactless bank cards of EMV standard, but there is another option - this is a combined card, which combines the functions of a payment card and a ticket at once. But in this case, the issuance of a special card is required, while the bank issuing the card has the opportunity to expand and refine its product. We are pleased to note the growing popularity of both of these approaches, because in order to offer passengers maximum comfort on public transport, a universal payment mechanism is needed that supports a wide variety of NFC solutions.

No matter what happens next, it is obvious that today, thanks to the development of contactless technologies, consumers are getting more and more different options for making payments. Long lines become history.

Do you use contactless payments? Share your impressions below.

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