Speacq’s system is designed to work with ISO 14443 contactless bankcards equipped
with a microprocessor, operating system,
memory, and encryption.
Fast reading speed: 0.25 seconds
Low maintenance cost
Contactless – activates within 10 cm of reader
No
need to remove card from wallet
Fault rate 0.01% compared to 3.5% with magnetic stripe (M/S) cards
High security from encryption algorithm – cards registered with
bank can be replaced if lost and usage denied by machine reader if card
is tampered
Proven technology: RF transit bankcard automated fare collection
has been running successfully for 10 years in the Seoul Metro
Contactless bankcards have a magnetic stripe on the back which the bank can encode in
the usual way, so the cards have all the functionality of the current cards.
