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Formation of NETS (banks)
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Magnetic cards (LTA)
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New tech. Contactless card (LTA)
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CashCard (NETS)
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ERP and Parking paid for by CashCard
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IDA & NETS – looking for unified payment platform to become ISO standard
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Magnetic Card replaced by contactless multipurpose card
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Memorandum b/w EZ-Link and NETS for standardized platform
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NETS new CEO
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EZ-Link could be used for purchases at McDonalds
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CEPAS draft specifications released, released for public comments
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NETS rewards and loyalty program started
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CEPAS had second public review
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LTA & NETS started development of new card
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LTA new CEO
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NETS released combi card based on CEPAS v1
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Common standard for e-purse cards
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Symphony for e-payments system was soft launched
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NETS flash pay card introduced (CEPAS v2)
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EZ-link felica cards stopped
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Introduced new backend system, did it for transaction processing and provide more real time services
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Added taxi payments
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10+ million cards issued
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Distance based fares vs zonal fares on city buses
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Clearing house implemented for processing all transactions (20 million transactions)
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NFC compatibility for phones
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NFP cards waived registration to encourage adoption
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More suppliers and cost of cards dropped to $2.50
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Pay for parking
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McDonalds installed NFP readers
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LTA assessing NFC mobile payments for transit