12.07.2015 Views

Future Ticketing Strategy for Public Transport - NFC Research Lab

Future Ticketing Strategy for Public Transport - NFC Research Lab

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Barclays Oyster Card Partnership• Commuters are in a hurry and likely to value fast contact lesspayments <strong>for</strong> low value retail purchases• It had already been established that Oyster PAYG purse oncurrent MiFare data card was not suitable <strong>for</strong> use in the generalRetail market• UK Banks wanted to introduce low value EMV contact lesspayments and decided London would be the ideal <strong>for</strong> the firstimplementation location as people experienced in using Oyster• We agreed to License Oyster as a co-resident application• TfL delivers on improved customer journey experience• Foundation <strong>for</strong> deeper understanding of payments contact lessstandards <strong>for</strong> future transit aspirations• Innovative Barclays product that differentiates them from retailbank competitors

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