MasterCard PayPass Card Selected for Taiwan Transit Project

The card, dubbed OneSMART PayPass Chip Combi Card, will be issued to an unspecified number of people, who will be able to use it to pay for transportation on busses, intercity coaches, trains, ferries and in public car parks. The Transportation Bureau of the Kaohsiung city Government is coordinating the project on behalf of the other six cities. The card will have both contact and contactless chips. The payment portion of the card will have MasterCard credit, debit and Mondex stored value functions. MasterCard, in conjunction with Mondex Taiwan, will provide the payment and e-purse product for issuers and acquirers. The card will also feature PayPass, MasterCard's tap-and-go payment system. Cathay United Bank, E.Sun Bank and Bank of Kaohsiung will issue the cards and provide the marketing for them. Details about the bid, such as its value, when it will be completed and how many cards will be issued, were not released. MasterCard says work on the chip-based project has already begun.