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Overview of Emerging Payment Technologies: Open Payments, NFC, EMV, and Mobile Solutions

Explore the rapidly evolving landscape of payment technologies, including Open Payments, NFC, EMV, and mobile solutions. Open Payments facilitate the use of standard payment brands across various transit devices. NFC technology, utilized by major credit card companies like Amex and Visa, enables seamless transactions. EMV, or Europay MasterCard Visa, is becoming standardized for smart card payments, with notable liability shifts in the coming years. Mobile payments leverage barcodes and proximity technology for convenient transactions, transforming online and s-commerce interactions.

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Overview of Emerging Payment Technologies: Open Payments, NFC, EMV, and Mobile Solutions

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  1. Emerging Technologies in Payments

  2. Overview Open Payments • Magstripe • NFC • EMV Mobile • Barcodes • NFC • Proximity • m-Web Online • Web • s-Commerce April 02, 2013 COMPANY CONFIDENTIAL

  3. Open Payments What are Open Payments? • The usage of standard paymentbrands (credit and debit) on avariety of transit devices • Methods: • Magstripe • NFC • EMV April 02, 2013 COMPANY CONFIDENTIAL

  4. Open Payments NFC • NFC exists now, and has for several years • Amex = ExpressPay • Discover = Zip • MC = PayPass • Visa = payWave • Beginning to overlap with EMV April 02, 2013 COMPANY CONFIDENTIAL

  5. Open Payments EMV • “Europay MasterCard Visa” Standard for smartcard payments • Schedule • Processors must be ready this month, April 2013 • POS liability shift Oct 2015 • Gas Stations and ATMs liability shift in Oct 2017 • Issuers have some 50 cards available now, this offering will grow by the date of the liability shift April 02, 2013 COMPANY CONFIDENTIAL

  6. Mobile What is Mobile? • Barcodes • NFC • Proximity • mWeb April 02, 2013 COMPANY CONFIDENTIAL

  7. Mobile Barcodes • Formats: QR, PDF, Aztec, etc. • APP based, SMS based NFC • Most are PayPass Compatible • Google Wallet • ISIS • Blaze • Some have Proprietary options April 02, 2013 COMPANY CONFIDENTIAL

  8. Mobile Proximity • Used by Square and GroupOn • very new, current generation not accurate enough mWeb • Websites aware of the browser used • Low cost of entry • Can use barcodes to furtherfacilitate entry April 02, 2013 COMPANY CONFIDENTIAL

  9. Online Why Online? • Still has the greatest impact and the furthest reach • Web • sCommerce April 02, 2013 COMPANY CONFIDENTIAL

  10. Online Web • Simple Status Quo for transit • Sophisticated Future (e-Fare) • can meld all the fare mediamanagement into one interface s-Commerce • evolving, but at some point, willriders buy other riders tickets, “follow” them, or form groups? April 02, 2013 COMPANY CONFIDENTIAL

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