The mobile, payment and transit worlds are converging. Public transport operators (PTOs) take on high issuing costs for providing their own contactless travel cards while, at the same time, contactless EMV cards are becoming more distributed by the world’s leading payment schemes. Accepting contactless EMV cards (including the contactless virtual payment cards in mobile phones) in transit systems will lower the issuing costs for PTOs. Additionally, these cards are based on well-defined standards, originating in a sector with experience in security, fraud and risk management. The outcome of this is bringing global interoperability to the transit world, and associated convenience to travelers.
UL brings a unique combination of knowledge and experience from the payment and transit worlds. Transit authorities and operators can leverage UL’s extensive knowledge on EMV technology. Our technical experts have been involved in EMV implementations for the payment world in North and South America, Asia and Europe for over 15 years.
Together, we will find the answers regarding the available options when it comes to accepting contactless EMV cards. We explain the choices to make, support you in establishing your business case for EMV in transit, perform an impact analysis for your AFC scheme architecture, map future challenges, and define a migration approach.
The usage of EMV cards in transit has many advantages for issuing banks, as this will significantly increase usage and customer exposure. If customers can use their bank cards for transit, this will increase the “top of the wallet” effect of the card. Additional considerations include increased wear and tear of the card, added customer support and the associated increased costs. Furthermore, transit performance and customer throughput are of utmost importance, as this restricts the time associated with PIN validation, risk management or online validation.
UL can help issuing banks prepare their systems for the use of payment cards in transit by accessing the business case, helping the issuing bank perform a risk assessment, and delivering implementation advice.