|By Business Wire||
|February 3, 2014 09:09 AM EST||
Oberthur Technologies, a world leader in digital security solutions for the mobility space, today announced the release of the fastest MasterCard dual interface payment card on the market. Chrysalis Fly v3.0 reaches unprecedented contactless performances.
In the urban transport, contactless technology has always been challenged for its speed performances and its level of security. Indeed, the most difficult challenge of the Open Payment is the transaction speed during validation at the gate. It must be very fast to ensure maximum fluidity of commuter’s traffic and fulfil stringent authorization to access the network. Thanks to this new EMV dual interface card, the users of public transport network will experience the fastest way to travel in urban areas.
Oberthur Technologies’ Chrysalis Fly v3.0 is the first card significantly converging between payment and public transport ecosystems. OT offers banks new revenue streams by promoting the usage of their MasterCard payment instruments for Open Payment in transit network. This innovative usage will bring additional value to cardholders’ payment cards.
“We are proud to release such a complete and high-performance product that is leveraging on OT’s expertise and excellence in delivering best-in-class products to both urban Transit and Payment industries” said Antoine Vilain – Payment and Transport Product Lines Director at OT. “With this new product, OT demonstrates once more its commitment to offer Mobility to end-users”.
“Customers rightly expect fast, simple and intuitive experiences when riding public transport systems. So MasterCard is delighted to see OT tackling the challenge of faster transit transaction times with the launch of Chrysalis Fly, and thereby enabling banks and other card issuers to deliver great payment experiences to cardholders in ever increasing numbers of cities around the world” said Will Judge, Senior Business Leader Transit at MasterCard.
ABOUT OBERTHUR TECHNOLOGIES
OT is a world leader in digital security solutions for the mobility space. OT has always been at the heart of mobility, from the first smart cards to the latest contactless payment technologies which equip millions of smart phones. Present in the Payment, Telecommunications and Identity markets, OT offers end-to-end solutions in the Smart Transactions, Mobile Financial Services, Machine-to-Machine, Digital Identity and Transport & Access Control fields. OT employs over 6 000 employees worldwide, including 600 R&D people. With more than 50 sales offices across 5 continents and 10 facilities, OT’s international network serves clients in 140 countries. For more information: www.oberthur.com