NFC TIMES Exclusive – TAIPEI, Taiwan: EasyCard Corp., which runs the largest closed-loop transit and retail payments service in Taiwan, is seeking to become the first major transit fare-collection system globally to roll out Bluetooth-based mobile ticketing. But Taiwan’s strict financial regulator still has doubts about the security of the technology.
EasyCard Corp. Chairman Kenneth Lin told NFC Times at the World Congress on Information Technology, WCIT, in Taipei Tuesday that the service could launch in two years if it gets the green light from the Financial Supervisory Commission, or FSC.
He said the rollout of the Bluetooth low energy system would cost up to NT$200 million (US$6.7 million), a major capital outlay for the company, which is partly owned by the city of Taipei.