Visa and Planeta Informatica Pioneer New Technology to Bring the Speed, Security and Convenience of Contactless Payments to Transit Operators Around the World
2/25/2019
- New Visa Secure Access Module makes transitioning to tap to pay at transit turnstiles faster, easier and less expensive than ever before for public transit operators
- Metro Rio will be first transit operator to launch contactless payments using the Visa Secure Access Module in late April
- With more than 150 transit projects currently underway, Visa continues to deliver fast, easy and secure rider experiences as contactless payments rapidly shape the future of transit in major cities around the world
Contactless payments are shaping the future of mass transit in major cities around the world, helping riders save valuable time by eliminating the need to stand in line to buy or re-load a ticket. For transit operators that have invested in turnstiles and terminal readers recently, the Visa SAM may be a cost-effective solution to offer the benefits of a contactless transit experience, including improving the customer experience, boosting ridership, and reducing ticketing overheads. Rather than installing brand new turnstiles or hardware, transit operators can install the Visa SAM, which is based on secure EMV® contactless technology, directly into existing systems, significantly decreasing cost and implementation time. The Visa SAM is the first technology of its kind for the transit industry, available to all Visa Ready technology partners, making it easy for other transit hardware and software companies to incorporate it into their offerings.
“This is a transformational development for public transit operators
that want to improve their customers’ journeys and reduce their
operational costs by removing the need for tickets or topping up fare
cards,” said
“The new Visa SAM technology combines 15 years of our experience in
public transportation with the Mass Transit Transaction (MTT) framework,
a state of the art payment framework released by Visa in 2017. We worked
diligently with Visa to build the best technological solution for adding
EMV contactless acceptance on top of any existing closed-loop payment
system without necessarily replacing the entire electronic ticketing
infrastructure,” said
In a global study commissioned by Visa, “The Future of Transportation: Mobility in the Age of the Megacity,” Visa found complexity in payment is often a point of frustration among commuters on mass transit today, so, solutions like contactless transit that make payments easier could be critical to increasing ridership and satisfaction in the future. Commuters reported that the average use of mass transit would increase by 27 percent if it was easier to pay, with 47 percent saying the need to obtain different tickets for different modes of travel is an issue.1
The launch of the Visa SAM builds on Visa’s experience helping transit operators around the world find the best, most cost-effective way to address increasing pressures on their existing infrastructure while also investing in the technologies that will serve them in the future. Over the past year alone, Visa helped launch contactless transit solutions in 20 cities across 12 countries, with more than 150 projects currently underway.
Visa and Planeta Informatica have partnered with
“Ingenico welcomes the launch by Planeta and Visa of the new Visa Secure
Access Module, building on existing
About
About Planeta Informática Ltda
Planeta Informática has been an industry-leading SAM provider for the
last 10 years, with more than 200,000 SAM devices currently deployed,
supporting 30 million users per day across
About
1 “Future of Transportation – Mobility in the Age of the Megacity” 2019, study commissioned by Visa
View source version on businesswire.com: https://www.businesswire.com/news/home/20190225005132/en/
Source:
Visa
Elizabeth Pietrzak
Tel: 415 805 5002
Email:epietrza@visa.com
Rica Squires
Tel: +44 (0)7436 281 065
Email: squiresr@visa.com
Planeta Informatica
Artur Costa
Tel: +55 (19) 3749 8855
Email:
acosta@planeta.inf.br
Ingenico
Philippe Duchene
Tel: +33680506299
Email: philippe.duchene@ingenico.com