MicroPass powered bank cards are expected to be in Brazilian market soon
France-based Inside Contactless, a provider of advanced contactless microprocessor platforms, has expanded its relationship with American Banknote to produce Visa-type approved contactless payment cards in Brazil.
Inside Contactless said that it is supplying American Banknote (ABnote) Brazil with its MicroPass 4003, a contactless payment processor designed from the ground up for Visa payWave applications, and has worked with it to obtain type approval and implement in-house pre-personalisation capabilities.
According to Inside Contactless, the multi-application MicroPass 4003 platform is compliant with the latest Visa payWave specifications and enabled ABnote Brazil to more quickly obtain type approval for its products. The MicroPass 4003 platform supports the Visa Contactless Payment Specification 2.0.2 AC v3.0, including Streamline Online qVSDC and backwards compatibility for MSD 1.4.2.
Bertrand Moussel, executive vice president of sales for Latin America at Inside Contactless, said: We are pleased to be able to expand our relationship with ABnote Brazil and provide them with Visa-type approved contactless payment cards using our MicroPass 4003 processor. ABnote Brazil is an important partner as we expand our international presence into the contactless payments segment in Brazil, helping us to continue our successful global expansion strategy in this potentially lucrative market.
American Banknote Brazil is a secure printing and transaction service provider who also produces bank cards.
Inside Contactless is into contactless payment, Near Field Communication (NFC) semiconductors & software and other access control applications.