INSIDE Contactless announced that its MicroPass platform has been selected as the initial chip platform for Wells Fargo’s launch of contactless cards. The cards will be produced by CPI Card Group.
INSIDE CONTACTLESS SELECTED TO POWER WELLS FARGO CONTACTLESS ROLLOUT
Inside’s MicroPass Platform Provides the Fastest, Most Reliable and Cost Effective Solution for Contactless Payments
San Francisco, CA August 22, 2006 – INSIDE Contactless, one of the world’s largest providers of contactless semiconductor chips, today announced that its MicroPass platform has been selected as the initial chip platform for Wells Fargo’s launch of Wells Fargo® Visa® Platinum® and Wells Fargo Visa Signature® contactless cards. These cards are produced by CPI Card Group and powered by INSIDE Contactless’ INSIDEMicroPass platform.
INSIDE’s MicroPass™ is a next-generation microprocessor-based contactless chip platform designed specifically for contactless transactions. Its innovative design enables optimum read distance, and requires minimal power consumption for contactless applications, which do not have a dedicated power source. Coupled with the industry’s fastest transaction processing speeds – typically around 150 msec for a contactless transaction – MicroPass enabled bank cards provide a consistent and reliable experience for card holders.
“The INSIDE MicroPass technology meets Wells Fargo’s needs by providing a fast and convenient contactless payment experience,” said Charles Walton, EVP Sales & Marketing for INSIDE Contactless. “We’re thrilled to support Wells Fargo with its launch based upon MicroPass.”
About INSIDE’s MicroPass™
INSIDE’s MicroPass™ is a next-generation microprocessor-based contactless chip platform designed specifically to provide a reliable user experience, flexible application development support, and availability through trusted card manufacturers, in a cost-effective manner. MicroPass was specifically designed to require low power while delivering optimum read distance, flexible card orientation, fast transaction speed and security consistent with the demands of INSIDE’s most stringent customers. MicroPass supports all major global RF standards and is available for use in a variety of card and innovative non-card form factors for deployments within the payments, transit, and access control markets.
About INSIDE Contactless
Headquartered in France with a global presence in China, Singapore, Poland and the USA, INSIDE Contactless is a leading fabless semiconductor provider, delivering the most flexible, innovative, cost-effective, and trusted platform for contactless applications including bank card payments and Near Field Communications (NFC). INSIDE is involved in numerous industry initiatives, including the NFC Forum, which is driving the standardization of NFC; as well as the IN-CLUB Limited, which is a non-profit association that brings together companies in the Payment, ID, Mass Transit and Mobile application markets, to collaborate on contactless applications and initiatives. For more information on INSIDE, please visit: www.insidecontactless.com