ACS Wins Silver Award for e-PLUS Tap to Pay in 2014 IVIE Awards

October 30, 2014

ACT Canada 2014 IVIE AwardsHONG KONG, 30 Oct, 2014 - Advanced Card Systems Ltd. (ACS, a wholly owned subsidiary of Advanced Card Systems Holdings Ltd., SEHK: 8210), Asia Pacific's top supplier and one of the world's top 3 suppliers of PC-linked smart card readers (Source: Frost & Sullivan), was recognized in the 2014 IVIE Awards held last Oct 16 in the Ontario Bar Association, Ontario, Canada.

IVIE Awards was organized by ACT CANADA, an international non-profit association serving different stakeholders of the smart card industry. IVIE Awards recognizes “innovation in payments and secure identity products using secure chip technologies.” This year, ACS won a Silver Award for International Payments Benefiting Merchants for e-PLUS Tap to Pay (e-PLUS).

e- PLUS is a stored value contactless smart card that embodies the all-in-one card concept. It is a nationwide loyalty and e-payment system provided to the largest shopping mall and retail operator in the Philippines. It is used to accept micropayments in retail establishments and select transport systems, and provide perks for cardholders. Given the system’s reach, it is unparalleled in its potential to bring merchants the benefits of contactless payment technology.

e-PLUS enables contactless payment and rewards redemption, so operations become more efficient. The system also helps merchants generate data on consumer spending. Since participating merchants are all accessible to consumers through one card, the merchants are all exposed to a wider market. Finally, partner merchants are also able to accept cashless payments without spending for their own technology by piggybacking on the e-PLUS.

“With enough traction, systems like e-PLUS can be launch-pads for more value-adding applications,” says Gilbert Leung, Senior Vice President for Sales and Marketing. “Today, the e-PLUS is a secure, convenient system for e-payment, loyalty, and automatic fare collection (AFC). Tomorrow, it could be an all-in-one card that delivers the best of smart card technology to more interest groups.”

ACT Canada 2014 IVIE Awards

Andrea McMullen, Vice President of ACT Canada presents Bob Merkert, President, Americas for Advanced Card Systems LTD with the 2014 IVIE Silver Award for International Payments Benefiting Merchants.

For more information on end-to-end, scalable solutions, email [email protected] or visit www.acs.com.hk.

About ACS

Advanced Card Systems Ltd. (ACS, wholly owned subsidiary of Advanced Card Systems Holdings Ltd., SEHK: 8210), founded in 1995, is Asia Pacific's top supplier and one of the world's top 3 suppliers of PC-linked smart card readers. ACS is the winner of the Product Quality Leadership Award for Smart Card Readers from Frost & Sullivan. In 2010 and 2014, ACS was listed in Forbes Asia's “Best Under a Billion" list, an inter-industry list comprised of 200 top-performing publicly listed companies in the Asia-Pacific, with sales between US$5 million and US$1 billion. ACS develops a wide range of high quality smart card reading/writing devices, smart cards and related products and distributes them to over 100 countries worldwide. Visit ACS at http://www.acs.com.hk/.

About ACT CANADA

ACT Canada is a non-profit, federally incorporated association. ACT CANADA supports its members in building competitive advantage in payments, authentication, and identity management. It serves as an information resource and platform for knowledge-creation, insight-sharing, and community-building among its members. ACT Canada aims to grow and educate the market for payment, authentication and identity management technologies. For more information, visit www.actcda.com.