A type of smart card containing a microchip and simple software, which performs contactless reading when brought close to a smart card reader. It is not linked to a bank account and has no credit limit like credit cards. You can spend up to the amount loaded onto the card. Contactless payment can be made from a distance of up to 8 cm.
With a Mifare Card,
- There is no need to give change.
- Transaction time is short because it is a contactless transaction.
- Because transactions are processed quickly, the likelihood of a queue forming is low.
- Periodic payments can be managed by setting up subscription transactions.
- Reporting is possible because transactions are logged.
This system can be used in school campuses, amusement parks, clubs, pools, residential complexes, beaches, aqua parks, water parks, aquapark wristband systems, hotels and hospitals, and in all the canteens and cafeterias within these facilities, by businesses that want to eliminate cash transactions and use a smart card or wristband instead of cash. Since no physical cash payment is made, a prepaid smart card prevents cash leakage.
Mifare Cards and Closed-Loop Payment Systems
A closed-loop payment system can be set up with Mifare cards. A closed-loop system is highly suitable for merchants that collect payments weekly or monthly.
Mifare cards can be given as gifts. In particular, cards loaded with a specific amount can be created for charitable purposes and given to those in need.
Because it prevents cashiers from handling cash, it eliminates the risk of cash leakage and allows the business owner to track all money movements.
Mifare cards can also be used as allowance cards. They are ideal for teaching, in particular, young people how to use a card and keep track of their own money.
Depending on the card type selected, prepaid cards are divided into two categories:
Use-and-discard Smart Cards: A specific limit is loaded onto the card. Once the limit on the card is used up, the card can no longer be used. Gift cards are an example of this.
Use-and-reload Smart Cards: There is no fixed limit on these cards. Limit management is under the user's control. When the money transferred to the card runs low or runs out, the card can be used again after it is topped up.
Where Mifare Cards Are Used
- Student ID information and transactions,
- Electronic passports,
- Parking systems,
- Pool systems,
- Automatic payment applications
