OSPT Alliance welcomes Cardtek as Full Member

Innovative Mobile Payments Solution Provider to Help Establish Transit Ticketing Standards 

OSPT Alliance, a vendor neutral, global association chartered to help the transit, mobile and loyalty markets move towards an open infrastructure that enables secure, cost-effective and flexible fare collection solutions, today announced that it has added Cardtek to its membership base.

Cardtek develops end-to-end payment solutions for banks, processors, telecom operators, retail and public transit services – serving over 150 customers across 28 countries worldwide. As a full OSPT Alliance member, Cardtek plans to develop and implement host card emulation (HCE) and near field communications (NFC) mobile ticketing solutions, based on OSPT Alliance’s CIPURSE™ Specification. CIPURSE is based on ISO 7816 and ISO/IEC 14443-4 for fare collection systems and multi-application programs using contactless media.

“There’s immense potential for HCE and mobile ticketing in transit systems around the world and becoming an OSPT Alliance member will align us more closely with the CIPURSE Specification for developing secure and interoperable solutions,” says Erdal Yazmaci, Co-Founder at Cardtek. “We also want to lend our 16 years of payments industry experience to OSPT Alliance and help drive the adoption of an open standard for developing secure transit fare collection solutions.”

Full membership benefits include the ability to influence technical standardization and strategic activity within OSPT Alliance, early stage market intelligence, market influence and profile, and enhanced networking and collaboration opportunities.

“We’re pleased to welcome Cardtek to OSPT Alliance,” comments Laurent Cremer, Executive Director of OSPT Alliance. “Cardtek has been at the forefront of a number of major public transportation projects in Europe, India, Turkey, Dubai and North America. The company offers an in-depth understanding of how to develop highly secure mobile payment solutions, which will be a valuable contribution to OSPT Alliance’s work in this area.”

To find out more about becoming a member of OSPT Alliance, please visit www.osptalliance.org.

The OSPT Alliance is an international association chartered to provide the standard for secure transit fare collection solutions. It provides industry education, creates workgroup opportunities and catalyzes the development and adoption of innovative fare collection technologies, applications and services. The OSPT Alliance was founded by leading technology companies, and membership is open to technology providers, transit operators, consultants, solution vendors, government agencies and other stakeholders in the transit ecosystem. For additional information, please visit www.osptalliance.org.

Since 2001, Cardtek has provided innovative end-to-end payment solutions to more than 150 customers in 25 countries, including financial institutions, processors, telecom operators, personalization bureaus, retailers, terminal and card vendors, and public transportation authorities.  Cardtek is a leading player in emerging mobile payment, open-loop transit and wearable payment technologies.  With 15 years of experience in EMV, Cardtek is offering well-established solutions to the US market from its new Silicon Valley Office.  For more information, visit http://www.cardtek.com.