Preparing the launch of its dedicated hardware and service solutions for 2019, Ingenico has joined the Visa Ready for Transit programme to accelerate the deployment of seamless, frictionless commuting systems, using contactless payments.
„Ingenico is developing a range of terminals specifically designed to meet the transportation market requirements. Integrated into the main ticketing platforms, Ingenico’s payment terminals combine security, speed and robustness to process closed- and open-loop cards.”, according to the press release.
„Leveraging Ingenico’s payment gateway, these new terminals will allow easier access to public transport, improve operators’ quality of service and lower their operating costs. This will also increase the operational performance of existing systems.”, the company said.
After several first implementations of its transit and Open Payment solutions in Milan, Kiev, Bratislava and Eastern Europe, Ingenico is keen to share its payment expertise and support business development activities allowing transport authorities and ticketing integrators to deploy contactless payment acceptance faster.
„As part of Ingenico Group’s strategy to deploy a new Open Payment offer on a global scale, we are excited to become a Visa Ready solution partner. Both organizations will benefit from the expertise and experience of each other to foster open payment and the acceptance of closed- and open-loop cards. Being Visa Ready certified will definitely open us new gates to enlarge our business worldwide!” said Venceslas Cartier, Head of Transportation & Vending at Ingenico Group.
„Though Libra has met with fierce resistance from central banks and supervisory authorities and might never see the light of day, in many other cases tech firms (both start-ups and established big players) have successfully captured bits and pieces of universal banks’ traditional value chain. This trend may only intensify in the coming years. In this environment, European banks remain squeezed.”