Since EMV contactless payments were launched in London's transportation system, hundreds of networks have deployed similar fare payment solutions. This technology is now mature and provides obvious benefits.
EMV open-loop payments reduce operational costs, such as issuing fare media or handling cash.
To accept a payment card, though, a ticketing solution must comply with specific requirements from the banking industry that secure payment data and guarantee trust. Using EMV payment cards also incurs fees and requires a risk management agreement between parties.
We have extensive experience in ticketing and banking systems and can help you introduce open payment solutions.
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Selecting payment schemes to be prioritized and understanding their individual acceptance criteria.
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Defining the strategy to transpose complex fare structures.
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Understanding risk management for EMV open payments in transit.
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Assessing the impact PCI compliance on IT systems.
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Developing technical and business teams to manage new customer care services.
Validate EMV Open Loop transit systems to launch with confidence .
Our key specific services:
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Ticketing and payments training.
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Workshop management with stakeholders (Merchant (PTA/PTO), ticketing vendors, schemes, payment service providers).
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Support for acquiring system & payment gateway upgrades.
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EMV L3 advisory and certifications.
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PCI DSS advisory and compliance.
Learn more about Fime's expertise in:
Third party test authorityEMV® open-loop migration
Ensure compliant products for fast integration .
Our key specific services:
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Sub-contracting advisory for electronic design, kernels development & SDKs integration.
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Technical advisory for antenna design & kernels debug and integration.
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Card emulation for testing.
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EMV L1/L2/L3 advisory and certifications.
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PCI DSS/P2PE/PTS advisory and assessment.
Learn more about Fime's expertise in:
Third party test authorityEMV® open-loop migration
Transition ticketing systems swiftly and smoothly to EMV .
Our key specific services:
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Workshop management with stakeholders (Internal departments, solution vendors, schemes, payment service providers, banks).
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Risk management assessment and liability agreement guidance.
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Fare rules design and deployment (debt recovery, refund).
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EMV L3 advisory and certifications.
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PCI DSS advisory and assessment.
Learn more about Fime's expertise in:
Third party test authorityEMV® open-loop migration
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Accelerate coordination and activities with key banking industry stakeholders.
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Be supported by payment and EMV experts, from specification analysis to successful certification.
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Facilitate EMV open-loop deployment alongside existing closed-loop ticketing and legacy systems.
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Adopt next-generation ticketing and payment systems using integrated dual open-loop and closed-loop EMV systems.
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Operate with a trusted infrastructure to reduce financial risk.
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