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Article: Canadian banks to test Belgian stored-value system in Ontario college town.(Toronto Dominion Bank's and Bank of Montreal's Exact smart card program to be tested in Kingston, Ontario)(Brief Article)
- Article from:
- American Banker
- Article date:
- June 28, 1996
- Author:
CopyrightCOPYRIGHT 1996 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Toronto Dominion Bank and Bank of Montreal have announced plans to test a smart card program called Exact.
For a yearlong pilot scheduled to begin in early fall, the Canadian banks said they will use Proton, the stored-value card technology developed by the Banksys association in Belgium.
The reloadable cards will be issued to bank customers in Kingston, Ontario, a city of 25,000 people with three universities and colleges.
The big student population should provide a good target audience, said Steve Phillips, Toronto Dominion's manager of access cards and smart card development. The banks estimate 20,000 cardholders will participate, with access to 800 ...