INSIDE Contactless Reaches 35 Million Unit Milestone for MicroPass®
Global Position as #1 Market Share Provider for Contactless Payments
Paris, France, November 13th, 2007–INSIDE Contactless, the leading provider of advanced, open standard contactless chip technologies, today announced that sales of its revolutionary MicroPass® intelligent payment platform for contactless bank cards has exceeded 35 million units since it was first launched at CARTES in November of 2005.
The MicroPass intelligent payment platform from INSIDE has delivered to the core value propositions of performance, price, and flexibility since it was launched, propelling INSIDE into position as the #1 global provider of open standard contactless bank card technology. MicroPass is used today to power contactless bank cards issued by more than 25 US and Canadian issuers, along with cards deployed in Asia, Latin America, and Europe. MicroPass is the most broadly available core technology for contactless payments with 20 card and fob products from major global and regional card manufacturers certified by the leading card brands.
Contactless credit, debit, and pre-paid bank cards issued with MicroPass are today able to be used at locations such as McDonald’s, Tim Horton’s, 7-Eleven, CVS, Coca-Cola vending machines, New York City & Philadelphia Taxi Cabs, and more than 20 Major League Baseball and NFL stadiums in the US, including Fenway Park, home of the 2007 World Series Champion Boston Red Sox.
“INSIDE has strongly valued our partnerships with the global and local card manufacturers who we have supported this year”, said Charles Walton, EVP Payments at INSIDE Contactless. “We appreciate the strong working relationships that we have maintained with each of our partners and with the confidence expressed by Issuers who have used MicroPass as a baseline. We look forward to a mutually successful 2008 as we remain committed to delivering excellence in product, support, and service. ”
INSIDE Contactless has strongly emphasized support and service to card manufacturers through 2007 and will be further enhancing service level commitments in 2008 to insure that use of MicroPass in contactless card products remains the first choice within the industry. INSIDE remains committed to the contactless payments market, driving innovation in core RF performance, delivering application support to all major card brands, and flexibility for the use of MicroPass contactless payments with associated transit, retail loyalty, and access control. As form-factors for contactless payments evolve to include fob’s, mobile handsets, consumer electronic devices, and even “wearable” devices, INSIDE’s MicroPass platform will remain positioned as the most flexible alternative–with superior read distance & RF performance, support for new types of chip packaging & interfaces, and a framework for multi-application support which provides for fast time to market.
MicroPass is a family of intelligent payment platforms designed to power open standard contactless and dual interface bank card payments in all global markets. Based upon a RISC architecture and optimized to the demanding requirements of contactless transactions, each of the MicroPass family of products feature low power consumption, fast transaction processing, and overall performance & flexibility meeting the demands of issuer organizations in the payments, transit, and access control markets. MicroPass is the platform of choice for card manufacturers and issuers for open bank card payments with more than 35 million units sold since launch in late 2005. INSIDE’s MicroPass L4 is an enhanced, next-generation microprocessor-based contactless chip platform designed specifically to meet multi-payment brand and multi-application requirements within the contactless payment industry. With very low power requirements, MicroPass also remains the most suitable core platform for key fob and alternative form factor deployments.
About INSIDE Contactless
As the only fabless semiconductor company focused exclusively upon contactless chip platforms, INSIDE Contactless is a market leader in Near Field Communication (NFC), contactless payments, and access control. Innovation in contactless technology has led to more than 55 patents granted to INSIDE, including several essential NFC technology patents. INSIDE is the #1 market share provider of contactless open bank card platforms in the world, with more than 35 million MicroPass intelligent payment platforms sold. MicroPass powers cards from more than 25 leading bank card issuers around the globe. As well, more than 25 key partners around the world, including major card manufacturers and handset providers, have successfully delivered contactless products such as payment & access cards, point of sale terminals, NFC enabled mobile handsets, and other products which are ‘powered by INSIDE’. INSIDE Contactless is headquartered in Aix-en-Provence, France, with offices in Shanghai, Singapore, Poland, San Francisco, and Boston. For more information, please visit http://www.insidecontactless.com.
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