29 March 2017

Wearable Wallet Technology at Smart Card Alliance Payments - PayCore

Cardtek C0-Founder to Examine the Impact of Contactless Fare Payment and Open Loop Payment on the Transit and Ticketing Industries

SAN JOSE, Calif. and ORLANDO, Fla. – March 23, 2017 – Cardtek, a leading payment technologies provider, today announced that Co-Founder and General Manager of Digital Payments, Erdal Yazmaci, will be speaking at the 10th annual Smart Card Alliance Payment Summit being held at the Renaissance Orlando at SeaWorld, March 27-30.  Mr. Yazmaci will speak on Thursday, March 30th at 10:45 am and will discuss how contactless fare payment technology is being used to modernize payment processes for the transit and ticketing industries.

“There are a number of industries that are currently transitioning to more modern payment systems that leverage the use of NFC-enabled wearable wallets,” Yazmaci said.  “The transit industry, in particular, is an excellent example of how NFC-enabled wearables can be used to build ‘open-loop’ payments systems that not only speed transaction times, but also enhance consumer convenience and security.”

In addition to discussing the impact of wearable wallets on the transit industry, Mr. Yazmaci will also spotlight similar applications in the ticketing and loyalty industries – and will provide a detailed look at how Cardtek architects its solutions for these verticals.

“People also need to understand that wearable wallets aren’t without their own challenges and limitations as well,” Yazmaci said. “I’ll be spotlighting these for Summit attendees as well, helping them steer clear of any potential pitfalls.”

Mr. Yazmaci co-founded San Jose-based Cardtek in 2001 and has overseen a number successful digital payment and EMV projects in Europe, North America, and the Middle East. He is an expert on EMV, NFC and digital payments and has provided over 40 subject-related trainings globally.

The Payments Summit is a premier industry event, covering all things payments - including FinTech, EMV chip technology, mobile wallets, NFC, contactless, open transit systems, wearables and more.  The conference is produced by the Smart Card Alliance and is expected to host approximately 1,000 attendees and 90 exhibiting companies.

To learn more about Cardtek, visit booth #420 at the Payments Summit




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