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| Subject: Proton/Xiring Crédit Agricole, Banques Populaires& Crédit Mutuel--BMS, operates the epurse scheme | |
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Author: anonymous |
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Date Posted: 18:05:32 11/22/02 Fri http://www.cardtechnology.com/cgi-bin/readstory.pl?story=20021122CTDN102.xml ----------------------------------------------------------- French E-Purse Goes Remote ----------------------------------------------------------- Three French banks are testing handheld readers that accept Moneo electronic purse payments, allowing merchants to take the e-purse transactions away from fixed point-of-sale terminals. "You want to pay for coffee to a waiter? He has it (reader) in his pocket," says Georges Liberman, head of French-based Xiring, maker of the readers. Street vendors, home-delivery persons and merchants who don’t accept credit card payments are among others who could find the handheld readers useful, he says. Like other Moneo transactions, the purchases would be conducted offline. A SAM, or secure access module, in the reader authenticates the card. The transactions are stored in the reader’s memory, which can hold up to 300 transactions. The merchant downloads them onto a "shuttle card" and then takes the card to the bank to deposit the money into his or her account. Soon, the merchant will be able to make deposits at automated teller machines. Like Moneo acceptance at fixed terminals, consumers can also reload up to 30 euros (US$30) onto their cards with the handheld readers. For reloads, the cardholder punches in a personal identification number. BMS, which operates the e-purse scheme, certified the readers last month as secure, and Liberman says Crédit Agricole, Banques Populaires and Crédit Mutuel are testing them, with plans for a rollout during the first quarter of next year. One or more banks in the Netherlands will also test the readers next month, provided they are certified by Dutch interbank group Interpay. The readers would be used with the Proton-based e-purse in the Netherlands, Chipknip. About 10,000 of the handheld readers are also used by health-care personnel in France with the country’s chip-based insurance card, Sesam Vitale. Since the Moneo rollout began in France in 2001, 75,000 merchants are now equipped to accept the cards, including many in Paris, which joined the system earlier this month, according to a BMS spokesman. While the rollout hasn’t gone entirely smoothly, BMS, which includes France’s major banks, as well as two major transport operators, has decided to accelerate the rollout. Most of the French banks are issuing Moneo on the same chip that carries France’s national "CB" debit or deferred debit application. All told, about 16 million CB/Moneo cards will be in circulation by the end of the year, according to BMS, whose spokesman says about 750,000 consumers are using the purse. ----------------------------------------------------------- ( 2002-11-22 ) [ Next Thread | Previous Thread | Next Message | Previous Message ] |