Innovative Mobile Payments Solution Provider to Help Establish Transit Ticketing Standards
OSPT Alliance, a vendor neutral, global association chartered to help the transit, mobile and loyalty markets move towards an open infrastructure that enables secure, cost-effective and flexible fare collection solutions, today announced that it has added Cardtek to its membership base.
Cardtek develops end-to-end payment solutions for banks, processors, telecom operators, retail and public transit services - serving over 150 customers across 28 countries worldwide. As a full OSPT Alliance member, Cardtek plans to develop and implement host card emulation (HCE) and near field communications (NFC) mobile ticketing solutions, based on OSPT Alliance’s CIPURSE™ Specification. CIPURSE is based on ISO 7816 and ISO/IEC 14443-4 for fare collection systems and multi-application programs using contactless media.
“There’s immense potential for HCE and mobile ticketing in transit systems around the world and becoming an OSPT Alliance member will align us more closely with the CIPURSE Specification for developing secure and interoperable solutions,” says Erdal Yazmaci, Co-Founder at Cardtek. “We also want to lend our 16 years of payments industry experience to OSPT Alliance and help drive the adoption of an open standard for developing secure transit fare collection solutions.”
Full membership benefits include the ability to influence technical standardization and strategic activity within OSPT Alliance, early stage market intelligence, market influence and profile, and enhanced networking and collaboration opportunities.
“We’re pleased to welcome Cardtek to OSPT Alliance,” comments Laurent Cremer, Executive Director of OSPT Alliance. “Cardtek has been at the forefront of a number of major public transportation projects in Europe, India, Turkey, Dubai and North America. The company offers an in-depth understanding of how to develop highly secure mobile payment solutions, which will be a valuable contribution to OSPT Alliance’s work in this area.”
To find out more about becoming a member of OSPT Alliance, please visit www.osptalliance.org.
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