Author: sca

MASTERCARD and OTI Go to the movies with MasterCard PayPass

Faster Movie Ticket and Concession Lines Are Part of MasterCard’s Contactless Payment Trial in Orlando Cupertino, CA, April 2, 2003–On Track Innovations, Ltd., also known as OTI (NASDAQ: OTIV; Prime Standard [Frankfurt]: OT5), a global leader in contactless microprocessor-based smart card solutions, today announced that it is providing integrated point-of-sale solutions to Loews Cineplex as…

First Gas Pumps Accept MasterCard® PayPass

GREENSBORO, NC, March 31, 2003–Gilbarco Veeder-Root, http://www.gilbarco.com, retrofitted the nation’s first gasoline dispensers to accept MasterCard® PayPass “contactless” payment cards in late February. Working with MasterCard, Chevron, and Panasonic, the first four sites now accept the new MasterCard payment card that eliminates the need for swiping the card through a reader. Consumers simply tap or…

ERG Announces Sale of Proton World

March 26, 2003–ERG Group of Australia (ERG) today announced it has finalised an agreement with micro-chip manufacturer STMicroelectronics (ST) for the sale of ERG’s 100% interest in Belgian-based Proton World (PW). Pursuant to the transaction, ST will grant ERG global rights to use the Proton technologies in ERG’s transit smart card systems for 20 years…

Test Phase Completed on Cubic-Developed Smart Card System for Washington, DC, Buses

SAN DIEGO & WASHINGTON, (BUSINESS WIRE), March 17, 2003–Cubic Transportation Systems Inc., a subsidiary of San Diego-based Cubic Corp. (AMEX:CUB), and the Washington Metropolitan Area Transit Authority (WMATA) have completed final tests of the new smart-card-enabled fare processing system for Washington Metro area buses. During the 90-day test period, which ended Feb. 10, riders of…