Sunday, February 15, 2009

The application of pre-paid cash card for consumers

Today, pre-paid cash card with contactless interfaces are becoming increasingly popular for payment and ticketing applications. This card is very convenience and efficient for those people who time is gold and who frequently use public transport. This is because one of the pre-paid cash card benefits is save time, which no need to q up buying the ticket. Pre-paid cash card are also being introduced in personal identification such as citizen cards. For example in Malaysia, the compulsory national ID scheme MyKad includes 8 different applications and one of it applications is for pre-paid cash card (Touch ‘n Go).

1. Touch 'n Go Card


Touch ‘n Go Sdn Bhd incorporated in October 1996 and officially launched its services in March 1997. Touch ‘n Go card is an electronic purse that can be used in all highways in Malaysia, public transport in whole Selangor area, selected parking sites and theme park. Since February 2009, Touch ‘n Go has been extended their services to airport users of KL International Airport (KLIA) and Low Cost Carrier Terminal (LCCT). Touch ‘n Go has also provide innovative, reliable and efficient products and service for the user. User can reload the card at toll plazas, train stations, Automated Teller Machines (ATM), Cash Deposit Machines, Petrol kiosks and at authorized third party outlets. These bring a lot of convenience for Touch ‘n Go users.

2. Octopus Card



Octopus Holdings Limited was established in 2005. Octopus card is a rechargeable contactless stored value smart card used to transfer electronic payments in online or offline systems in Hong Kong. Each Octopus card has a built-in microchip containing an electronic purse and other applications which can accurately record the holders' transaction details. Therefore, Octopus card is widely used in Hong Kong for purchases on public transport, in convenience stores, fast food restaurants, supermarkets, cake shops, vending machines, schools and parking. However, Octopus card is also used for office and residential premises access control.

3. EZ-Link Card



EZ-Link Pte Ltd (EZL) was formed on the 8 January 2002. EZ-Link card is a contactless smart card, and it is similar to the Octopus card in Hong Kong. This card is commonly used in Singapore as a smartcard for paying transportation fees in the city state’s Mass Rapid Transit (MRT), Light Rail Transit (LRT) and public bus services. Furthermore, EZ-Link system has been expanded in Singapore branches of Mcdonald’s for payments uses. However, some schools in Singapore have also started to adopt the EZ_Link card as a way to mark the attendance of students and to pay for food served within the school campus. EZ-Link has also provided Door Access Control which by Internet Ready that allows you to manage your security system wherever you are.

4. Oyster Card


Oyster card is launched in July 2003 with a limited range of features. It is also a contactless smartcard which is similar with EZ-Link card in Singapore and Octopus card in Hong Kong. Oyster card is a form of electronic ticketing which used on bus, Tube, trams, DLR, London Overground and National Rail services in London. However, Oyster card can also be used as stored-value cards, which holding electronic funds of money. This system is known as “pay as you go” (PAYG) because instead of holding a season ticket, the user only pays at the point of use.

5. Compass Card


There is another contactless smart card which called Compass card in San Diego Country. This card normally used on Metropolitan Transit System (MTS Buses), MTS Trolley, North Country Transit District (NCTD Buses (Breeze), NCTD Coaster and NCTD Sprinter routes.
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