ASCHHEIM, Germany, September 24, 2012 /PRNewswire/ --
- Any time mobile top-up services for Visa and MasterCard
- Real-time cash load and purse balance
EZ-Link Pte Limited, a wholly owned subsidiary of the Land Transport Authority and also the largest CEPAS card issuer in Singapore, is now using Wirecard Group's mobile top-up service via its NFC mobile application. The application enables consumers to make NFC payments at the point-of-sale. Wirecard supports the process for consumers to conveniently add money to their EZ-Link purse on the go, simply using their NFC-enabled phone.
EZ-Link has been managing Singapore's single largest contact-free Stored Value Smart Card System for payments on public buses and Mass Rapid Transit (MRT) trains since 2002. Today, EZ-Link has issued more than 12 million CEPAS-compliant cards, which is a contact-free e-Purse application. In addition to public transport, the EZ-Link card is accepted at a rapidly expanding network of acceptance points across the country - from retail to private transport, even for Electronic Road Pricing and Electronic Payment System (EPS) in car parks.
EZ-Link's CEO Nicholas Lee says: "Offering the over-the-air top-up is a first for NFC solutions to be launched in Singapore. The top-up service supported by Wirecard makes mobile payment secure, fast and easy. Mobile purses can be loaded anytime, anywhere and on demand real time. The Wirecard TeleMoney feature in our application enriches the whole NFC user experience."
"We are proud that EZ-Link and their renowned partners have chosen Wirecard for the first public near-field-communication solution with OTA launched in Singapore", says Ng Fook Sun, Managing Director at Wirecard Asia, who continued: "As a truly international group for the latest payment technology, we provide a holistic infrastructure for mobile wallets including stored value payment services through NFC-enabled mobile phones, cash loading and issuing of open loop payment cards in plastic or virtual and on NFC chip."
How the EZ-Link NFC mobile app works
With the NFC mobile application and a smartphone with NFC SIM-card capabilities, consumers can store EZ-Link's prepaid card accounts on their phone; top-up their electronic purse in real-time and make payments. Today the service can be used at over more than 20,000 point-of-sales accepting EZ-Link payments including taxis, supermarkets and fast food chains. The convenient app gives an overview of the transaction history, balances and allows loading the electronic wallet with any debit or credit card. A complimentary program enables the electronic purse to be blocked and credit to be refunded if the mobile phone is lost or stolen.
EZ-Link Pte Ltd was formed in January 2002. Its core business is the clearing and settlement of all EZ-Link card transactions generated in transit and non-transit (retail/merchant) environments, as well as the sale, distribution and overall management of EZ-Link cards. To date, more than 12 million new CEPAS-compliant EZ-Link cards have been issued. This is in tandem with the government's plan to promote cashless payments in Singapore. In line with this vision, the new EZ-Link card is now also accepted as a mode of payment for Electronic Road Pricing (ERP) and at carparks fitted with the Electronic Payment System (EPS) when used in the dual-mode in-vehicle unit.
Wirecard AG is one of the leading international providers of electronic payment and risk management solutions. Worldwide, the Wirecard Group supports over 13,000 companies from various industry segments in their efforts to automate their payment processes and minimize cases of default. Wirecard Bank AG is a Principal Member of Visa, MasterCard and JCB and operates as a credit card acquirer in 69 countries around the world, involving over 100 transaction currencies and 18 payout currencies. Part of the Wirecard Group, Wirecard Bank provides innovative solutions in the fields of corporate banking, prepaid and co-branded cards, along with account products for both business and private customers. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI).
Wirecard Media contact:
D-85609 Aschheim / Munich
SOURCE Wirecard AG