Cash & Liquidity ManagementPaymentsElectronic/MobileCardtek joins OSPT Alliance

Cardtek joins OSPT Alliance

The mobile payments solutions specialist works to help establish transit ticketing standards.

OSPT Alliance, the industry association chartered to develop the open standard for smart ticketing, has added mobile payments solution provider Cardtek to its membership base.

Cardtek develops end-to-end payment solutions for banks, processors, telecom operators, retail and public transit services and has over 150 customers in 28 countries. As a full OSPT Alliance member, it plans to develop and implement host card emulation (HCE) and near field communications (NFC) mobile ticketing solutions, based on OSPT Alliance’s Cipurse specification, which uses standards 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,” said Erdal Yazmaci, co-founder at Cardtek. “We also want to lend our 16 years of payments industry experience … and help drive the adoption of an open standard for developing secure transit fare collection solutions.”

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