Does the OPUS card use close physical proximity or WiFi networks to make payments?
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OPUS card OPUS is a rechargeable, contactless stored-value smart card using the Calypso Standard and is used by major public transit operators in Greater Montreal and Quebec City, Quebec, Canada.
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Contactless payment Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near field communication (NFC, e.g. Samsung Pay, Apple Pay, Android Pay, or any bank mobile application that support Contactless) for making secure payments. The embedded chip and antenna enable consumers to wave their card, fob, or handheld device over a reader at the point of sale terminal. Contactless payments are made in close physical proximity, unlike mobile payments which use broad-area cellular or WiFi networks and do not involve close physical proximity.
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Equens Equens SE is a European full service card and payment processor headquartered in Utrecht, Netherlands, and with offices in Frankfurt, Stuttgart, Milan, Rome, Helsinki, and London.
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Hanaro Card Hanaro Card is contactless smart card used in the public transportation system in Busan, South Korea. First used in 1997, the Hanaro Card is now also used for paying at parking lots and toll booths.
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Spare Change Payments Spare Change Payments was an online payments company specifically designed for conducting micro-payments inside games and applications on Facebook and other social networking sites.
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Mio Card Mio Card is a company that sells prepaid debit cards that customers use for recurring payments or online purchases.
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Instant payment notification Instant payment notification (IPN) is a method for online retailers to automatically track purchases and other server-to-server communication in real time. This allows E-commerce systems the opportunity to store payment transactions, order information and other sales internally. IPN messages can represent payment success or failures, order transaction status changes, accounting ledger information and many others depending on the payment gateway.
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Octopus card The Octopus card () is a reusable contactless stored value smart card for making electronic payments in online or offline systems in Hong Kong. Launched in September 1997 to collect fares for the territory's mass transit system, the Octopus card system is the second contactless smart card system in the world, after the Korean Upass, and has since grown into a widely used payment system for all public transport in Hong Kong, leading to the development of Oyster Card in London.
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Near sound data transfer Near Sound Data Transfer (NSDT) is a sound-based mobile transaction technology developed and patented by Tagattitude since 2005. NSDT uses a one time password sent through the audio channel of a mobile device to create an electronic signature enabling secure transactions. Because all mobile devices have an audio channel (speaker and microphone) built in this technology is compatible with all mobile phones in use worldwide.
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Cash-in-transit Cash-in-transit (CIT) or Cash/valuables-in-transit (CVIT) is the physical transfer of banknotes, coins, credit cards and items of value from one location to another. The locations include cash centers and bank branches, ATM points, large retailers and other premises holding large amounts of cash such as ticket vending machines and parking meters.
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LINK (UK) LINK is a shared interbank network of automated teller machines (ATMs) operating in the United Kingdom. The network counts 38 member institutions, of which many are various banks and building societies issuing LINK ATM cards, and the remainder are independent ATM operators who do not issue cards. The network connects over 70,000 ATMs - virtually every ATM in the United Kingdom. The number of LINK free-to-use ATMs has continued to grow and overall ATM numbers are at an all-time high.
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Interswitch Interswitch is a payment processing company headquartered in Lagos, Nigeria.
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IBM 3890 Prior to the introduction of computers, cheque processing was performed manually by each institution. The advent of computers necessitated the development of peripheral equipment that would aid in the processing of cheques and other MICR encoded documents. Machines were developed that could be used to read the MICR information encoded at the bottom of the cheques and other financial instruments, so that they could be sorted and the information passed to the processing system for computer posting. Some of these machines operated in an offline capacity to further sort cheques and other documents as required without online processing. Many firms were developing and designing hardware and software for use by financial institutions to perform their day-to-day operations, among those IBM.
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ClearXchange clearXchange, also known as Zelle, is a U.S.-based digital payments network owned by Early Warning that enables U.S. individuals and businesses to electronically transfer money from their bank account to another person's bank account using a web interface or mobile device. Unlike when using an Automated Clearing House (ACH) transfer, the payer does not need to know the bank account information of the payee to make a payment. Instead, that information is held by the clearXchange service, and the payer only needs to know the email address or phone number of the payee as a way to uniquely identify the recipient. To receive payments, the payee must register their bank account with clearXchange and associate it with their email address or phone number.
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IOU An IOU (abbreviated from the phrase "I owe you") is usually an informal document acknowledging debt. An IOU differs from a promissory note in that an IOU is not a negotiable instrument and does not specify repayment terms such as the time of repayment. IOUs usually specify the debtor, the amount owed, and sometimes the creditor. IOUs may be signed or carry distinguishing marks or designs to ensure authenticity. In some cases, IOUs may be redeemable for a specific product or service rather than a quantity of currency, constituting a form of scrip.
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Peer-to-peer transaction Peer-to-peer transactions (also referred to as person-to-person transactions, P2P transactions, or P2P payments) are electronic money transfers made from one person to another through an intermediary, typically referred to as a P2P payment application. P2P payments can be sent and received via mobile device or any home computer with access to the Internet, offering a convenient alternative to traditional payment methods.
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Debit card A debit card (also known as a bank card or check card) is a plastic payment card that can be used instead of cash when making purchases. It is similar to a credit card, but unlike a credit card, the money comes directly from the user's bank account when performing a transaction.
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Payments as a service Payments as a service (PaaS) is a marketing phrase used to describe a software as a service to connect a group of international payment systems. The architecture is represented by a layer – or overlay – that resides on top of these disparate systems and provides for two-way communications between the payment system and the PaaS. Communication is governed by standard APIs created by the PaaS provider.
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Visa Debit Visa Debit is a major brand of debit card issued by Visa in many countries around the world. Numerous banks and financial institutions issue Visa Debit cards to their customers for access to their bank accounts. In many countries the Visa Debit functionality is often incorporated on the same plastic card that allows access to ATM and any domestic EFTPOS networks.
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GoPago GoPago (pronounced ‘go’-’PAY’-’go’) was a cloud-based mobile payment platform with an integrated point of sale system, based in Pasadena, CA. GoPago’s payment platform allows customers to purchase orders in advance of arriving at brick-and-mortar merchants and merchants to manage orders in real-time. In August 2012, GoPago released GoPago LIVE, an application-based tablet point of sale system, which are free to merchants. GoPago’s mobile payments platform is cloud-based, which allows transactions processing without near-field communications or QR-code technologies. On December 11, 2013 Amazon (Global Payment Services) reached an agreement with GoPago to buy a license to its technology and hire certain members of its engineering team. On December 20, 2013, mobile commerce company DoubleBeam acquired all of the assets of GoPago, including all customers, systems, products, brand name and IP portfolio. On February 20, 2015 DoubleBeam was acquired by Verifone, Inc, and GoPago was subsequently rebranded as Verifone Cloud POS.
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Eye-Q Go Wireless Digital Camera The Eye-Q Go Wireless Digital Camera was the first Bluetooth-enabled camera to be made and put on the market. It came with a small Bluetooth drive to plug into the back of a computer, which transmits pictures at a very slow rate (Uploading 7MGs of pictures takes 15 minutes, whereas a normal digital camera takes 8 seconds.) It also employs a 2-megapixel CMOS sensor, which makes every picture very dark. The flash is also faulty, and when it does work, it is very slow.
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Apple II serial cards Apple II serial cards primarily used the serial RS-232 protocol. They most often were used for communicating with printers, Modems, and less often for computer to computer data transfer. They could be programmed to interface with any number of external devices which were RS-232 compatible. Most serial cards had speed ranges starting from 110 bit/s up to 19,200 bit/s, however some could be modified to go much faster. The most popular and widely used of these cards was Apple Computer's Super Serial Card, a solid design that was often copied for maximum software compatibility of the end product.