Monday, July 4, 2016

BWI: FIME Calls for Open EMV-based Transport Ticketing System in India

Source : FIME
Monday, July 4, 2016 12:33PM IST (7:03AM GMT)
FIME Calls for Open EMV-based Transport Ticketing System in India
Latest eBook discusses the benefits of a national, low-value payment infrastructure

FIME has published an eBook that details the significant value of implementing an open, EMV®-based transport ticketing system in India. The transport and payment consultancy believes that the approach would establish an infrastructure that supports seamless and efficient multi-modal urban travel, as well as low-value retail payments. FIME’s eBook, entitled Transport ticketing in India: how to create a sustainable ecosystem, can be downloaded without charge from FIME website.
“Growing urbanization in India places considerable pressure on public transport infrastructures. Extensive multi-modal and multi-operator networks, incorporating metro, bus, train and ferry, meet this ever-growing demand. This fragmentation, however, is creating a highly complex transport fare collection system,” comments Prakash Sambandam, Vice President – South-East Asia at FIME.  
The eBook from FIME proposes that this complexity can be mitigated by integrating payment collection across different modes, organizations and regions. Any specification selected should also maximize opportunities to support low-value retail transactions in line with consumers’ increasing desire to make contactless and mobile payments and the government’s move from cash to a card society. Other applications such as loyalty and identity should also be reflected. 
In this eBook, FIME details the strong commercial and technical case for the system to be based on EMV Specifications. In addition to the current EMV banking migration taking place in India, this technology foundation offers security, supports multiple transaction types and is continually evolving to align with contactless and mobile operations. This will ensure smartphone and connected device use in the future.
Concluding, FIME highlights that successful implementation would be dependent upon extensive pre-launch testing to ensure interoperability, security and reliability.
To read the full eBook – which details the current market needs, how EMV Specifications meet these requirements and the next steps – download it free-of-charge from the FIME website.
FIME India has proven EMV and transport expertise to support stakeholders in maximizing the benefits of their involvement in a project of this nature. It offers secure chip-based application, token and device strategic consultancy and implementation support. The operation also provides extensive testing and certification tools and services that support multiple industries and their respective standards.  
For more information on how FIME can support your projects, please contact your local FIME office.
About FIME
FIME offers comprehensive consulting services, technical training, technology design, test tools and certification testing across the financial services, telecom, transit and identity sectors. Its experts support projects from start to finish, resolving the technical challenges its customers face when implementing a complete portfolio of specifications, standards and multi-brand industry requirements.
FIME speaks the language of its customers and uses its 20+ years of experience to ensure that card and mobile transactions services are implemented efficiently and successfully. It supports a range of technologies including contact, contactless, EMV chip, near field communication (NFC), host card emulation (HCE), tokenization, secure element (SE), machine to machine (M2M), internet of things (IoT) and trusted execution environment (TEE).
Partnering with the international and national payment schemes, and industry bodies, FIME ensures its multi-brand offering is always aligned with the latest market requirements. | Twitter | LinkedIn | YouTube

Media Contact Details

Rob Peryer, iseepr, ,+ 44 (0) 1943 468007 ,

David Amos, iseepr, ,+ 44 (0) 1943 468007 ,


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