TaiwanMoney Card is a contactless

Contactless payment

Contactless payment systems are credit cards and debit cards, key fobs, smartcards or other devices which use RFID for making secure payments. The embedded chip and antenna enable consumers to wave their card or fob over a reader at the point of sale. Some suppliers claim that transactions can be...

 Smart card

Smart card

A smart card, chip card, or integrated circuit card , is any pocket-sized card with embedded integrated circuits. A smart card or microprocessor cards contain volatile memory and microprocessor components. The card is made of plastic, generally polyvinyl chloride, but sometimes acrylonitrile...

 in use in seven cities centred around the southern Taiwanese city of Kaohsiung

Kaohsiung

Kaohsiung is a city located in southwestern Taiwan, facing the Taiwan Strait on the west. Kaohsiung, officially named Kaohsiung City, is divided into thirty-eight districts. The city is one of five special municipalities of the Republic of China...

.
It is a combined credit card

Credit card

A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services...

, electronic purse

Electronic money

Electronic money is money or scrip that is only exchanged electronically. Typically, this involves the use of computer networks, the internet and digital stored value systems...

 and public transport payment card being the first such card when it was rolled out by its providers (MasterCard

MasterCard

Mastercard Incorporated or MasterCard Worldwide is an American multinational financial services corporation with its headquarters in the MasterCard International Global Headquarters, Purchase, Harrison, New York, United States...

, Cathay United Bank

Cathay United Bank

Cathay United Bank is formed by the merger of United World Chinese Commercial Bank and Cathay United Bank, both are the 100%-owned subsidiaries of Cathay Financial Holding Company...

 and Acer

Acer (company)

Acer Incorporated is a multinational information technology and electronics corporation headquartered in Xizhi, New Taipei City, Taiwan. Acer's products include desktop and laptop PCs, tablet computers, servers, storage devices, displays, smartphones and peripherals...

e-Service) in June 2006.

History

The Kaohsiung City transit authority selected a consortium led by Acer to run the program in 2003, testing began in 2005 before roll out in 2006.

Network

The TaiwanMoney card is widely accepted including the following:

• Kaohsiung bus Management Service
• Kaohsiung City shipping company
• South East Bus Company (Operating 7 routes under contract to Kaohsiung City Buses)
• Kaohsiung Bus (including Tainan City Buses)
• Kuo-Kuang Motor Transport Company Ltd (Southern Highway Passenger Line)

External links

• Official website (Chinese)

• http://www.banktech.com/news/showArticle.jhtml?articleID=159904091
• http://www.cardtechnology.com/article.html?id=20060317366M1LIB
• http://www.cardsinternational.com/get.asp?*script=article&ID=24666&search=TaiwanMoney%20Card&site=1
• http://www.multos.com/downloads/marketing/CaseStudy_Taiwan_Money.pdf