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NETS (company)
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] |
Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ''Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and service ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary Authority Of Singapore
The Monetary Authority of Singapore (MAS) is the central bank and financial regulatory authority of Singapore. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance. It was established in 1971 to act as the banker to and as a financial agent of the Government of Singapore. History The MAS was founded in 1971 to oversee various monetary functions associated with banking and finance. Before its establishment, monetary functions were performed by government departments and agencies. The acronym for its name resembles ''mas'', the word for 'gold' in Malay, Singapore's national language – although the acronym is pronounced with each of its initial alphabets. As Singapore progressed, an increasingly complex banking and monetary environment required more dynamic and coherent monetary administration. Therefore, in 1970, the Parliament of Singapore passed the Monetary Authority of S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CEPAS
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] |
Sentosa Express
The Sentosa Express is a monorail line connecting Sentosa island to HarbourFront on the Singapore mainland. It was built at a cost of S$140 million to replace the previous Sentosa Monorail. Development began in June 2003 and construction works were completed in December 2006. The fully elevated 2.1-kilometre (1.3-mile; per direction) two-way line (4.3-km total track length) opened on 15 January 2007. The monorail system, privately owned and operated by Sentosa Development Corporation, can move up to 4,000 passengers per hour per direction. History In June 2002, the Sentosa Development Corporation (SDC) awarded a contract to Japanese subsidiary Hitachi Asia to build the Sentosa Express, which was part of a ten-year redevelopment plan for Sentosa, an offshore island south of the Singapore main island dedicated to tourism. It was to replace the Sentosa Monorail which had been in operation since 1982, with the previous monorail planned for demolition by 2005. Unlike it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bus Transport In Singapore
Public buses form a significant part of public transport in Singapore, with over 3.6 million rides taken per day on average as of December 2021. There are 352 scheduled bus services, operated by SBS Transit, SMRT Buses, Tower Transit Singapore and Go-Ahead Singapore. The newest bus operator, Go-Ahead Singapore started operation on 4 September 2016. There are also around 5,800 buses currently in operation as of 2020. History Early history Buses were first introduced into Singapore when the Singapore Traction Company (STC) was established under the Singapore Traction Company Ordinance of 1925 to replace the ill-fated electric tramway with a trolleybus system. The first trolleybuses began operations on 14 August 1926 between Joo Chiat Road and Tanjong Pagar whereas trams were phased out by 1927, with 66 trolleybuses plying on six routes with a mileage of 15” by 30 September that year. The STC later phased in motorbuses in 1929 when seven Dennis G-type buses began plying be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Light Rapid 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] |
Mass Rapid Transit (Singapore)
The Mass Rapid Transit system, locally known by the initialism MRT, is a rapid transit system in Singapore and the island country's principal mode of railway transportation. The system commenced operations in November 1987 after two decades of planning with an initial stretch consisting of five stations. The network has since grown to span the length and breadth of the country's main island – with the exception of the forested core and the rural northwestern region – in accordance with Singapore's aim of developing a comprehensive rail network as the backbone of the country's public transportation system,Singapore's heavy rail network is composed of three distinct systems. Two of the three are rapid transit networks, chiefly a) the MRT system, which falls entirely within the city-state and forms the core of the network, and b) the two-station cross-border Johor Bahru–Singapore rapid transit system (RTS), linked to the mainline MRT and due to commence operations in en ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Near Field Communication
Near-field communication (NFC) is a set of communication protocols that enables communication between two electronic devices over a distance of 4 cm (1 in) or less. NFC offers a low-speed connection through a simple setup that can be used to bootstrap more-capable wireless connections. Like other " proximity card" technologies, NFC is based on inductive coupling between two so-called antennas present on NFC-enabled devices—for example a smartphone and a printer—communicating in one or both directions, using a frequency of 13.56 MHz in the globally available unlicensed radio frequency ISM band using the ISO/IEC 18000-3 air interface standard at data rates ranging from 106 to 424 kbit/s. The standards were provided by the NFC Forum. The forum was responsible for promoting the technology and setting standards and certifies device compliance. Secure communications are available by applying encryption algorithms as is done for credit cards and if they fit the crit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contactless Smart Card
A contactless smart card is a contactless credential whose dimensions are credit-card size. Its embedded integrated circuits can store (and sometimes process) data and communicate with a terminal via NFC. Commonplace uses include transit tickets, bank cards and passports. There are two broad categories of contactless smart cards. Memory cards contain non-volatile memory storage components, and perhaps some specific security logic. Contactless smart cards contain read-only RFID called CSN (Card Serial Number) or UID, and a re-writeable smart card microchip that can be transcribed via radio waves. Overview A contactless smart card is characterized as follows: *Dimensions are normally credit card size. The ID-1 of ISO/IEC 7810 standard defines them as 85.60 × 53.98 × 0.76 mm (3.370 × 2.125 × 0.030 in). *Contains a security system with tamper-resistant properties (e.g. a secure cryptoprocessor, secure file system, human-readable features) and is capable of providing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Channel NewsAsia
CNA (stylised as cna), which is an acronym derived from its previous name, Channel NewsAsia, is a Singaporean multinational news channel owned by the country's national public broadcaster Mediacorp. It broadcasts free-to-air domestically in Singapore and as a pay television channel internationally to 29 territories across the Asia-Pacific. The channel's logo is a stylised red letter A with folding patterns. The network has been positioned as an alternative to Western-based international media in its presentation of news from "an Asian perspective". It is run by Mediacorp News Pte Ltd, a subsidiary of the Singapore's media conglomerate Mediacorp Pte Ltd. Alongside its main focus as an English-language news television channel, CNA also broadcasts and produces news and current affairs content in Singapore's other official languages: Chinese, Malay and Tamil. Content is produced for Mediacorp's online platforms, with news bulletins made for and shown on the company's mass ent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RuPay
RuPay ''(portmanteau of Rupee and Payment)'' is an Indian multinational financial services and payment service system, conceived and launched by the National Payments Corporation of India (NPCI) on 26 March 2012. It was created to fulfil the Reserve Bank of India's (RBI) vision of establishing a domestic, open and multilateral system of payments. RuPay facilitates electronic payment at all Indian banks and financial institutions. NPCI maintains ties with Discover Financial, JCB to enable RuPay card scheme to gain international acceptance. As of November 2020, around 60.3 crores (603.6 million) RuPay cards have been issued by nearly 1,158 banks. All merchant discount rate (MDR) charges were eliminated for RuPay transactions from 1 January 2020. All Indian companies with an annual turnover exceeding are required to offer RuPay payment options to their customers. Background In 2009, RBI had asked the Indian Bank Association to create a non-profit payment company which wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
