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Contactless EPurse Application
CEPAS, the Specification for Contactless e-Purse Application, is a Singaporean specification for an electronic money smart card. CEPAS has been deployed island-wide, replacing the previous original EZ-Link card effective 1 October 2009. Function The CEPAS provides the command sets and data bytes that can be used for contactless e-purse applications, and focuses on the debit and credit areas. The most recent version of the standard is CEPAS 2.0. The standard allows for the interoperability of multi-purpose stored value (MPSV) card payment schemes from different card issuers and system operators. Background CEPAS is spearheaded by the Infocomm Development Authority of Singapore (IDA), and is one of the key next generation e-Payment initiatives under Singapore's iN2015 infocomm masterplan led by IDA. The vision of CEPAS is for Singaporeans to have a single MPSV card for use all around Singapore for micro-payments. This includes transit (bus, MRT, LRT), taxi, motoring ( ERP ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Singapore
Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bordering the Strait of Malacca to the west, the Singapore Strait to the south, the South China Sea to the east, and the Straits of Johor to the north. The country's territory is composed of one main island, 63 satellite islands and islets, and one outlying islet; the combined area of these has increased by 25% since the country's independence as a result of extensive land reclamation projects. It has the third highest population density in the world. With a multicultural population and recognising the need to respect cultural identities of the major ethnic groups within the nation, Singapore has four official languages: English, Malay, Mandarin, and Tamil. English is the lingua franca and numerous public services are available only in Eng ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Infocomm Development Authority Of Singapore
The Infocomm Media Development Authority (IMDA) is a statutory board under the Singapore Ministry of Communications and Information (MCI). History Following the passing of the Info-communications Media Development Authority Bill in Parliament on 16 August 2016, IMDA was launched on 30 September that year. This was preceded by the restructuring and merger of the Infocomm Development Authority (IDA) and the Media Development Authority (MDA). Key Functions IMDA provides numerous programmes, policies and grants that cater to industries and communities. IMDA also protects consumers' privacy through the Personal Data Protection Commission (PDPC). Key Initiatives * SMEs Go Digital — A programme that gives businesses pre-approved digital solutions and assist them in digitalising their business. * Digital Economy Framework for Action — Aims to sharpen Singapore's digital edge by accelerating the digitalisation of industries and businesses, improve international competitiveness ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Micropayments
A micropayment is a financial transaction involving a very small sum of money and usually one that occurs online. A number of micropayment systems were proposed and developed in the mid-to-late 1990s, all of which were ultimately unsuccessful. A second generation of micropayment systems emerged in the 2010s. While micropayments were originally envisioned to involve very small sums of money, practical systems to allow transactions of less than 1 have seen little success. One problem that has prevented the emergence of micropayment systems is a need to keep costs for individual transactions low, which is impractical when transacting such small sums even if the transaction fee is just a few cents. Definition There are a number of different definitions of what constitutes a micropayment. PayPal defines a micropayment as a transaction of less than £5 while Visa defines it as a transaction under 20 Australian dollars. History The term was coined by Ted Nelson, long before the inventi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transit System
Public transport (also known as public transportation, public transit, mass transit, or simply transit) is a system of transport for passengers by group travel systems available for use by the general public unlike private transport, typically managed on a schedule, operated on established routes, and that charge a posted fee for each trip. There is no rigid definition; the ''Encyclopædia Britannica'' specifies that public transportation is within urban areas, and air travel is often not thought of when discussing public transport—dictionaries use wording like "buses, trains, etc." Examples of public transport include city buses, trolleybuses, trams (or light rail) and passenger trains, rapid transit (metro/subway/underground, etc.) and ferries. Public transport between cities is dominated by airlines, coaches, and intercity rail. High-speed rail networks are being developed in many parts of the world. Most public transport systems run along fixed routes with set embarka ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Transport
Public transport (also known as public transportation, public transit, mass transit, or simply transit) is a system of transport for passengers by group travel systems available for use by the general public unlike private transport, typically managed on a schedule, operated on established routes, and that charge a posted fee for each trip. There is no rigid definition; the ''Encyclopædia Britannica'' specifies that public transportation is within urban areas, and air travel is often not thought of when discussing public transport—dictionaries use wording like "buses, trains, etc." Examples of public transport include Public transport bus service, city buses, trolleybuses, trams (or light rail) and Passenger rail transport, passenger trains, rapid transit (metro/subway/underground, etc.) and ferry, ferries. Public transport between cities is dominated by airlines, intercity bus service, coaches, and intercity rail. High-speed rail networks are being developed in many parts ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Suntec City
Suntec City is a major mixed-use development located in Marina Centre, a subzone of the Downtown Core in Singapore, which combines a shopping mall, office buildings, and a Suntec Singapore Convention and Exhibition Centre, convention centre. Construction began on 18 January 1992 and was completed on 22 July 1997. Design Suntec City was designed by Tsao & McKown Architects with emphasis on Chinese ''feng shui''. The five buildings and the convention center are arranged so that they look like a left hand when viewed aerially. The Fountain of Wealth appears like a golden ring in the palm of the hand. As the fountain is made of bronze, it is believed that the balance of metal and water paves the way for success. Further, the specially selected Chinese name, 新达, means "new achievement". Areas Suntec Singapore International Convention and Exhibition Centre The Suntec Singapore International Convention and Exhibition Centre was officially opened on 30 August 1995, and was prev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Network For Electronic Transfers
Network for Electronic Transfers, colloquially known as NETS, is a Singaporean electronic payment service provider. Founded in 1985, by a consortium of local banks, it aims to establish the debit network and drive the adoption of electronic payments in Singapore. It is owned by DBS Bank, OCBC Bank and United Overseas Bank (UOB). The NETS Group (comprising NETS, BCS and BCSIS) provides a full suite of payments and financial processing services including direct debit and credit payments at point-of-sale (NETS) and online (eNETS), mobile payments (NETSPay), card services (CashCard, FlashPay card), electronic funds transfer (FAST, Paynow, GIRO) and payment and clearing solutions (Real-Time Gross Settlement, Cheque Truncation System). NETS is also a member of the Asian Payment Network (APN) and a council member of UnionPay International. History NETS was first introduced to the public on 27 June 1985 as a 2-month pilot project involving 10,000 ATM card holders from the five local ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Land Transport Authority
The Land Transport Authority (LTA) is a statutory board under the Ministry of Transport of the Government of Singapore. History Incorporation of Land Transport Authority Land Transport Authority (LTA) was established on 1 September 1995, formed from the merger of various public sector entities, namely the Registry of Vehicles, Mass Rapid Transit Corporation, Roads & Transportation Division of the Public Works Department and Land Transportation Division of the former Ministry of Communications. 1996 Land Transport White Paper On 2 January 1996, the Land Transport Authority published the 1996 Land Transport White Paper, titled "A World Class Land Transport System". It outlined the government plans. Changes to existing schemes were proposed along with schemes were introduced across various transport sectors. This included the Electronic Road Pricing (ERP) scheme, which eventually become ubiquitous in the city state. 1996 Rail Financing Framework The 1996 Rail Financing Framew ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electronic Road Pricing
The Electronic Road Pricing (ERP) system is an electronic toll collection scheme adopted in Singapore to manage traffic by way of road pricing, and as a usage-based taxation mechanism to complement the purchase-based Certificate of Entitlement system. The ERP was implemented by the Land Transport Authority on April 1, 1998 to replace the preceding Singapore Area Licensing Scheme (ALS) that was first introduced on 11 August 1974 after successfully stress-testing the system with vehicles running at high speed. The system uses open road tolling; vehicles do not stop or slow down to pay tolls.Electronic Road Pricing Land Transport Authority (Singapore) Singapore was the first city in the world to implement an electronic road toll collection system for purposes of |
Taxicabs Of Singapore
Taxis of Singapore come in two main varieties. Traditional taxi companies (such as ComfortDelGro, Strides Taxis, TransCab, Premier Taxis Silvercab or Prime Taxis) offer flag down and call bookings and their drivers are hired employees of the company. Ridesharing companies (such as Grab, Ryde, TADA and Go-Jek) allow bookings through a smartphone, allowing ease for passengers, these are mostly known as private hire vehicles (PHV). Their apps also allow the flexibility to work and pick up passengers with their own vehicle, be it owned or rented, provided the various requirements are met depending on the company. Taxis may be flagged down at any time of the day along any public road outside of the Central Business District (CBD), while private hire cars may be booked via ridesharing apps. Issues of high traffic and demand in certain locations and areas, particularly in the downtown area and other major buildings and establishments around the island, require the building of ta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Light Rail Transit (Singapore)
The Light Rail Transit (LRT) is a series of localised automated guideway transit systems acting as feeder services to the heavy rail Mass Rapid Transit, which together forms the core of Singapore's rail transport services. The first LRT line was opened in 1999 and the system has since expanded to three lines, each serving a public housing estate, namely Bukit Panjang LRT line, Sengkang LRT line and Punggol LRT line. Trains on these lines have at least one station interchange link to the MRT. In the conventional definition of LRT, it refers to an upgraded form of tram that uses articulated low-floor tram cars and partial grade separation; in some cases such as Rapid KL in Kuala Lumpur and the Docklands Light Railway, LRT refers to a medium-capacity rail-based light metro system. Unlike the aforementioned examples, Singapore's LRT system uses rubber-tired automated guideway transit trains that are more comparable to those found in airport people mover systems. Along with the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debits And Credits
Debits and credits in double-entry bookkeeping are entries made in account ledgers to record changes in value resulting from business transactions. A debit entry in an account represents a transfer of value ''to'' that account, and a credit entry represents a transfer ''from'' the account. Each transaction transfers value from credited accounts to debited accounts. For example, a tenant who writes a rent cheque to a landlord would enter a credit for the bank account on which the cheque is drawn, and a debit in a rent expense account. Similarly, the landlord would enter a credit in the rent income account associated with the tenant and a debit for the bank account where the cheque is deposited. Debits and credits are traditionally distinguished by writing the transfer amounts in separate columns of an account book. Alternately, they can be listed in one column, indicating debits with the suffix "Dr" or writing them plain, and indicating credits with the suffix "Cr" or a minus si ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
