Feeds

Beyond the Oyster

End of an era for smart cards?

Combat fraud and increase customer satisfaction

Transport for London (TfL) is investigating the possibilities of long term alternatives to its smart cards

Richard Thomas, chief programme officer for the Prestige project at TfL, said it is now talking to the banking industry and mobile phone suppliers about how credit cards or phone chips could be used in paying for travel.

The organisation is currently encouraging passengers to use its Oyster Card by offering discounted fares. Thomas said it has now issued 5.3m of the cards, but said in his opinion they could be replaced by other cards within five years.

He told the Citizen Cards 06 conference in London that the technology is already available to transfer the payment operation to leading credit cards. One advantage of this would be to extend more of the benefits of paying by smart card to people who live outside London and use its transport system only occasionally.

Thomas said there would be a need to clarify the rule: payments would go to a credit card account but the money would ultimately go to TfL.

"The biggest stumbling point is the Financial Services Authority," he said. "If there are more levels we have to have the security and integrity to make sure the system is robust."

This article was originally published at Kablenet.

Kablenet logo

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.