Kryos Soft Tech joins OSPT as Full Member
03 October, 2013
category: Contactless, NFC, Smart Cards, Transit
Kyros Soft Tech Ltd., a Hyderabad-based Indian company provider in smart card and embedded technology, has joined the Open Standard for Public Transport (OSPT) as a Full Member.
Kyros has been delivering smart card solutions – contactless smart card, reader, and terminal technologies – for a wide range of customers and applications in India for over a decade. The company also developed one of the first smart card operating systems for e-government applications in India.
The OSPT Alliance offers the CIPURSE open security standard to address transit authorities’ need for future-proof fare collection systems. As an open standard, CIPURSE promotes vendor neutrality and cross-vendor system interoperability with reduced technology adoption risks, higher quality and improved market responsiveness – all of which can result in lower operating costs and greater flexibility for transport system operators.
CIPURSE also offers a global basis for migrating transit fare systems to NFC-enabled mobile phones and other devices, and the standard supports the adoption of NFC transit applications for a future-proof solution.
Transit solutions based on the CIPURSE secure open standard allow Kyros to help its clients achieve secure, flexible fare collection processes that leverage passengers’ mobile devices while adding value to ticketing transactions.
India’s public transit system carries more than six billion passengers and 350 million tons of freight annually, based on figures from the World Bank and Indian Railways. Rapid growth and large scale modernization projects are fueling the need for new, standards-based system, such as fare collection, loyalty programs, terminal services, and others.
