What is the octopus?

Octopus card was the first contactless intelligent card in the world. The octopus in Hong Kong debuted in Hong Kong and was created to provide commuting to the suburban transmission of a faster and more reliable payment method. The card contains circuits able to communicate according to the radio frequency using a card reader. Card users store the card on the card before use, which makes Hong Kong's railway commuters easier to pay quickly and get on the train simply by passing the card to keep the card readers. The octopus card has become so popular that it is now used in Hong Kong and for various retail services. Other card companies have launched contactless smart cards such as Visa® Paywave ™ and The MasterCard® PayPass ™.

Octopus card was not only popular for its easy -to -use design, but also for the security you providee user. One particular type of octopus, the card in the first place, is pre -installed by a cash value before even buying users. So there is never any communication between the card and the user's account. If an intelligent card is stolen, only the amount of money on the card is subject to theft, unlike the entire user's bank account. It is called on-Loan because Octopus Cards Limited is in some sense lending money to the user in exchange for deposit. These types of cards also provide payment, even if the card was used for a negative value.

Another main type of card is the octopus sold. The octopus -sold card sold has minimal or no initial value, leaving the user to load the card. The advantage of the card sold is that it is again pickable. If users do not want to provide a bank account card electronically by bank transfer, they can add the value to the card by paying cash at selected retail points. Octopus Limited cardsIt offers sold cards in personalized design.

6 The risk comes from the fact that the card is inserted into a computer chip. This chip stores relevant information such as funds and card payments history. If attacked, a thief could potentially discover someone's information about a bank account - if the card was loaded with an electronic transfer - or could be able to follow the itinerary and place of stay. To avoid these problems, cards recommend that users users users instead of throwing them away. Companies that store payment data such as transit systems and retail centers have also taken measures to ensure that transactions with intelligent cards.

Octopus card has also evolved outside the use of strictly as a payment device; Many school systems, residential buildings and commercial businesses use them as an identity and access facilities. Schools can use Octopus Students. College campus as well asThey use them about residential and office buildings as a way to provide access to some and reduce access to others. Octopus cards have also evolved into a new type of fashion, with watches, key chains and ornaments that work exactly as the card does. For example, rail commuting with window -pair bracelets can pay fares with a simple wool of wrist as they go through a turnstile.