Press Releases | 2010
MicroPass-Based PayID Card from U.S. Bank Wins Most Innovative Prepaid Program Award
Jan 28, 2010
AIX-EN-PROVENCE, France, January 28, 2010 – INSIDE Contactless, a leading provider of advanced, open-standard contactless chip technologies, today announced its MicroPass® 4006 contactless platform is at the heart of U.S. Bank’s PayID Card, this year’s Paybefore Award winner for Most Innovative Prepaid Program. A unique bridge between the open standard payments ecosystem and the community of HID® iClass®-enabled systems deployed globally, the MicroPass 4006 is the only contactless solution available that makes it possible to combine ID and physical/logical access control applications with contactless payment capabilities.
“MicroPass 4006 is an ideal solution for combining identification, payments and secure access on a single card, and we congratulate U.S. Bank on winning this award and for their leadership and innovation in this market,” said Charles Walton, executive vice president of payments for INSIDE Contactless. “INSIDE developed the MicroPass 4006 specifically for use on university and corporate campuses, where students, staff and employees can conveniently use a single, all-purpose card for contactless payment, identification, access control and ticketing transactions.”
U.S. Bank is the first card issuer in the United States to use a single card for traditional magnetic stripe purchases, contactless payments transactions and to gain access to secure facilities. The MicroPass 4006 platform embedded in the cards contains both open standard contactless payment applications, which allows for contactless payment at the point of sale, and the HID iCLASS application, which allows for contactless access to secure facilities.
“U.S. Bank is thankful to INSIDE Contactless and our other partners on this program for their dedication and creative contributions to helping us achieve this unique, simplified solution for our cardholders,” said Dominic Venturo, chief innovation officer of Retail Payment Solutions for U.S. Bank. “Improving the overall customer experience is one of U.S. Bank’s primary concerns, and we will continue to innovate with new technologies and solutions to maintain our leadership.”
Since 2001 INSIDE has been the exclusive supplier of chips to HID for iCLASS credentials, establishing INSIDE as the number one global provider of 13.56-MHz contactless chips for physical access control. Because of its performance and flexibility, INSIDE’s contactless chip technology has become the industry’s leading contactless solution for access control applications, which require optimized data security and fast throughput.
The MicroPass 4006 platform has been built to the latest bank card industry standards and has also been certified through EMVco for compliance with the latest card brand security requirements. MicroPass 4006-based card products are available now from CPI Card Group.