The News
Inside Contactless announces general availability of next generation micropass Fob Core for contactless payments
23/10/2007
Aix en Provence, France, October 23rd, 2007 – INSIDE Contactless, a leading provider of advanced, open standard contactless chip technologies, today announced the availability of its new MicroPass® Fob Core for contactless payments; enabling card and fob manufacturers to create innovative contactless payment fob’s.
INSIDE’s MicroPass Fob Core is a key technology component of the new Visa Micro Tag, a new key fob payment device containing Visa payWave. Visa U.S.A. announced the availability of the new payment device in the U.S on September 26. The Visa Micro Tag easily attaches to a key ring, and allows cardholders to pay by simply waving their fob in front of a contactless payment reader without the need to physically swipe or insert the device into a point-of-sale terminal.
INSIDE’s low power MicroPass L4-2G intelligent payment platform is at the center of this new MicroPass Fob Core solution and is designed to enable the commercial production of contactless fobs, such as the Visa Micro Tag. INSIDE collaborated with Visa on the design of the MicroPass Fob Core to achieve small form-factor, low cost, and simplicity in production. The MicroPass Fob Core is available in inlay format - using a small, innovative antenna design - which can be customized by card manufacturers based upon issuer branding and design requirements.
The MicroPass L4 intelligent payment platform has been the platform of choice for contactless payment deployments by over 20 issuers in the U.S. and other regions around the globe.
“I am confident that INSIDE’s MicroPass Fob Core provides financial institutions with innovative product choices in implementing contactless payments for their loyal card holders,” said Charles Walton, EVP at INSIDE Contactless. “Contactless payments delivered through alternative form factors such as key fobs, reinforce the contactless value proposition of speed and convenience.”
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