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©2011 MasterCard. Proprietary and Confidential Open Payment Systems in Public Transit Talking Technology and Transportation (T3) June 29, 2011 Burt A. Wilhelm, Vice President Integrated Solutions - US Emerging Payments Sponsored by the ITS Professional Capacity Building Program, ITS Joint Program Office, Research and Innovative Technology Administration, U.S. Department of Transportation
©2011 MasterCard. Proprietary and Confidential Payment Card Products Contactless - Similar to a standard payment card with some differences… PayPass™ Identifier PayPass™ Radial Mark Shortened Signature Panel Embedded Chip Embedded Antenna Sample MasterCard® PayPass™ card, other branded products may be similar MasterCard Proprietary Information / MasterCard © 2011
©2011 MasterCard. Proprietary and Confidential Payment Card Products The Financial Industry is migrating to contactless… in many forms MasterCard Proprietary Information / MasterCard © 2011 Sample MasterCard® PayPass™ enabled products, other branded products may be similar
©2011 MasterCard. Proprietary and Confidential Contactless Bankcards Used In Transit Page 4 March 22, 2011 Lots of ways to say it… Open System Open Standards System Open Bankcard System Open Payments System Open Standards Payments System Open Contactless Payments System Open Banking Standards Payment System
©2011 MasterCard. Proprietary and Confidential So what does MasterCard ® mean “Open Payments?” Page 5 March 22, 2011 Open Standard*: A standard that is publicly available and has various rights to use associated with it May also have various properties of how it was designed (e.g. open process) Global Open Payments System: A global payment system, specifically related to bankcard payment processing Capable of accepting and processing payment transactions originated by cardholders/consumers using payment cards or devices issued by any bank globally Open Payments (continued) * Source: Wikipedia: http://en.wikipedia.org/wiki/Open_standard
©2011 MasterCard. Proprietary and Confidential Traditional Transit Payment System Merchant Acquirer Cardholder Issue r Fare Media Transaction Process Flow* * Illustration denotes traditional AFC system and is only one (1) of several potential payment processing schemes Closed-Loop System Open-Loop System MasterCard Proprietary Information / MasterCard © 2011
©2011 MasterCard. Proprietary and Confidential Page 7 March 22, 2011 Open Payments (continued) With Open Payments there is no need for consumer to first buy proprietary transit fare media or load proprietary transit fare media with value before they can access transit Use of Transit Services Separate Fare Purchase/Reload NOT REQUIRED Access to Transit Services How do “Open Payments” in transit differ from Proprietary “Closed Loop” Payments Open Payments allows consumers to simply tap with a contactless banking card/device at entry points without any prior interaction
©2011 MasterCard. Proprietary and Confidential Open Payments Solution MasterCard Proprietary Information / MasterCard © 2011 * Includes Hot Card List Local Deny List MIPMIP ManageTransit Accounts & Fare Policies ManageTransit Accounts & Fare Policies Active Card Account List* Active Card Account List* VendorTransitPlatformVendorTransitPlatform IssuerIssuerAcquirerAcquirer Authorization routed by MasterCard on behalf of the Acquirer Clearing & Settlement ReaderReader Cardholder taps card on reader Reader makes access control decision if ‘offline’ (EMV) Transit Risk Management Processing Solution Automated Fare Collection (AFC) Third-party managed MASTERCARD TRANSIT RISK MANAGEMENT PROCESSING FLOWS Transit- Enhanced
©2011 MasterCard. Proprietary and Confidential Page 9 March 22, 2011 Open Payments (continued) Can displace cash, proprietary paper tickets/contactless cards: – reduced ticket vending lines and bus boarding times – increased passenger flow in stations & on buses Can reduce need for: – paper ticket and/or proprietary card procurement and card security – ticket vending equipment and maintenance – issuance and vending operations staff – cash handling and reconciliation – large customer service call centre operations Benefits of Open Payments in Transit
©2011 MasterCard. Proprietary and Confidential Benefits of Open Payments in Transit Page 10 March 22, 2011 Standard Cardholder Devices: – MasterCard PayPass ™ cards/devices and contactless products from other payment brands that are already in market can work in the system –No special application required – solution based on industry standards (EMV, ISO14443) – multiple form factors (fobs, mobile devices, stickers, etc.) Standard Terminals and Readers: – compliant PayPass readers available via multiple vendors – inexpensive payment terminals available via multiple vendors – compliant with industry security standards (PCI DSS) – certified to international standards (EMV / MChip etc.) Open Payments (continued)
©2011 MasterCard. Proprietary and Confidential Page 11 March 22, 2011 Leveraging open standards could enable rapid deployment in a transit agency or even in a region Leveraging open standards could enable rapid deployment in a transit agency or even in a region Open Payments (continued) Toll Roads FerriesBuses Commuter Rail Taxi Cabs Subways Leveraging open standards can provide for increased competition: Leveraging open standards can provide for increased competition: more vendors competing more vendors competing new sources for equipment new sources for equipment
©2011 MasterCard. Proprietary and Confidential Open Standards can be leveraged to develop technologies to support your business needs Business Rules play an important role: – Merchant Rules (transit specific, parameter driven) – Industry Rules: – Payments Processing – Data and Security Requirements and Best Practices Page 12 March 22, 2011 Open Payments (continued) Open Standards and Business Rules Used together could yield the desired solution Open Standards and Business Rules
©2011 MasterCard. Proprietary and Confidential Contact Information Page 13 March 22, 2011 Burt A. Wilhelm Vice President MasterCard Worldwide Integrated Payments Solutions US Emerging Payments E-Mail: Burt_Wilhelm@mastercard.com Office: 914-249-3218
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