U.S. Bank is piloting with its employees in Minneapolis a new product that enables cardholders to use a single card for traditional magnetic stripe purchases, Visa payWave transactions and to gain access to secure facilities.
Those involved in the pilot can make purchases and enter their secure work location using a U.S. Bank AccelaPay Visa Card, a prepaid payroll account. The cards contain the MicroPass 4006 platform from INSIDE Contactless which powers both the Visa payWave and the HID iCLASS applications on the card. HID also provided the access control readers for the pilot.
The use of one card for identification, payments and secure access could be a viable alternative in several industries, including government, university, corporate, health care and transportation. Universities, for example, would be able to offer faculty and students secure access to university buildings such as dormitories and laboratories, while also using the same card as an ID and for purchases. The card will also have the ability to combine workplace IDs and security access cards with payment cards providing only one card to employees instead of two.
CPI Card Group, a financial and commercial card production company, managed the production of the cards for this pilot.