MUNICH--(BUSINESS WIRE)--The Open Standard for Public Transport™ (OSPT) Alliance today announced that global technology leader Samsung Electronics has joined the board of directors of the OSPT Alliance. As a board member, Samsung will join members Giesecke & Devrient, Infineon Technologies, INSIDE Secure and Oberthur Technologies in overseeing the strategy and governance of the alliance.
“The OSPT Alliance has been highly effective in advancing open standards for automated transit solutions, and we are delighted to join its board of directors,” said Axel Fischer, Director of System LSI Marketing at Samsung Semiconductor Europe GmbH. “Our increased commitment will help accelerate awareness of new, advanced options for fare collection systems based on open standards, and the deployment of new CIPURSE™-based pilot projects throughout the global transit ecosystem.”
Samsung became one of the first members of the OSPT Alliance in 2011 and has since worked actively to evolve the CIPURSE standard and grow the organization, participating in multiple working groups as well as sponsoring OSPT-related events.
“We are pleased to welcome Samsung to the OSPT Alliance board of directors,” said Axel Lange, Group Vice President at Giesecke & Devrient and President of the OSPT Alliance. “Samsung has been committed to open standards from the start, and their position on the board will enable the OSPT Alliance to broaden its presence and promote CIPURSE adoption even more effectively.”
Founded in 2010 by technology leaders Giesecke & Devrient, Infineon Technologies, INSIDE Secure and Oberthur Technologies as a vendor-neutral industry consortium to advance next-generation automatic fare collection systems, the OSPT Alliance now has 21 members. Nearly 300 developers representing leading companies in the worldwide transit ecosystem have downloaded the CIPURSE specification. The CIPURSE security standard addresses the need by transit authorities for future-proof automatic fare collection systems based on advanced, standardized security. Because it is an open standard, CIPURSE promotes vendor neutrality, cross-vendor system interoperability, lower technology adoption risks, higher quality and improved market responsiveness, all of which result in lower operating costs and greater flexibility for transport system operators.
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in technology, opening new possibilities for people everywhere. Through relentless innovation and discovery, we are transforming the worlds of televisions, smartphones, personal computers, printers, cameras, home appliances, LTE systems, medical devices, semiconductors and LED solutions. We employ 236,000 people across 79 countries with annual sales exceeding KRW 201 trillion. To discover more, please visit www.samsung.com.
About the OSPT Alliance
The OSPT Alliance is an international association chartered to define a new open standard for secure transit fare collection solutions. It provides industry education, creates workgroup opportunities and catalyzes the development and adoption of innovative fare collection technologies, applications and services. The OSPT Alliance was founded by leading technology companies, and membership is open to technology providers, transit operators, consultants, solution vendors, government agencies and other stakeholders in the transit ecosystem. For additional information, please visit www.osptalliance.org.