Speacq has designed and built the first U.S. card terminal that can
accept contactless bankcards offline in a secure environment.
Proprietary fraud protection
Up to 90 transactions per minute
Minimally intrusive integration
• handles creditcards, defers housecards to legacy system
• transparently integrates with agency WAN
Supports complex fare products
• ride based
• time based
• transfers
• transit benefits
Integrates with legacy fare collection
• 14443 contacless
• proprietary contactless
• magstripe
While other companies have contactless readers, their devices have limited security features. Limited security is fine for pilots but when the first U.S. system goes live on a large scale, we predict fraud will be rampant unless stronger security is implemented. Transit agencies take note: it is you who will pay for fraud and chargebacks!
Fare Processor
Speacq has developed the missing link in bankcard processing: the fare processor that converts card presentations into bankcard charges. In conventional card processing, every presentation of a card results in a charge. This is not true in public transit, where some riders have monthly passes and some rides are free transfers. Using a business rule-processor, our fare processor applies transit agencies' business rules to card presentations. It is a necessary step in bankcard processing and clearing.
Free License
For integrators, we offer the fastest and most economical
way to retrofit existing public transit fare collection systems to
accept contactless bankcards at the gate and farebox. Our device designs can be licensed for free provided our company processes the resulting bankcard transaction data.
