EKTEC Corp Highlights Open Payment Benefits at Transport Ticketing Americas 2017
In March 2017, EKTEC Corp participated in Transport Ticketing Americas, Latin America’s largest public transport event, held in Mexico City. Bringing together industry leaders, this event offered an invaluable platform for networking, knowledge sharing, and presenting the latest innovations in public transportation technology.
As part of the event, EKTEC Corp had the opportunity to showcase the transformative potential of open payment systems in transit. With VISA International as a sponsor, our team presented how the integration of open payments, specifically EMV (Europay, Mastercard, and Visa) technologies, can streamline fare collection, improve passenger convenience, and boost system efficiency.
Our Presentation: EMV Considerations for Transit
One of the highlights of our participation was the presentation titled “Considerations for EMV in Transit.” In this session, we discussed how EMV-enabled open payment systems can benefit public transit operators and users alike by providing a secure, familiar, and fast alternative to traditional fare collection methods. The presentation covered key points such as:
- Enhanced Security: EMV technology ensures secure transactions that protect users from potential fraud, which is especially critical in high-volume transit environments.
- Convenience for Passengers: With EMV open payments, riders can use their existing contactless bank cards, eliminating the need for dedicated transit cards and making the payment process seamless.
- Operational Efficiency: By reducing cash handling and simplifying fare collection, EMV systems help transit agencies streamline operations and reduce costs.
Supporting Latin America’s Transit Evolution
EKTEC Corp’s participation at Transport Ticketing Americas 2017 reflects our commitment to advancing Latin America’s public transit infrastructure through innovative payment solutions. As cities across the region strive to modernize and improve their public transportation systems, open payment solutions like EMV offer a practical and powerful means of achieving these goals. Our work with VISA International underscores the shared vision of bringing secure, efficient, and accessible transit solutions to communities across Latin America.
Looking Ahead
Our experience at Transport Ticketing Americas 2017 was an inspiring opportunity to connect with industry peers and demonstrate the value of open payment technologies for transit. As we continue to work alongside global leaders in the payments industry, EKTEC Corp remains dedicated to transforming transit systems throughout Latin America, making public transportation more accessible, efficient, and secure for all.
