Asia’s largest smart cards & payments conference and exhibition (#cardsasia)
Mr Silvester Prakasam | Director - Fare System Division Land Transport Authority Singapore
Mr Prakasam has degrees in Science (Statistics) and Engineering (Electrical). He was with the Singapore Airlines for 10 years, working in various departments involved in technical support and development work, before joining the Mass Rapid Transit Corporation in 1983. There, he was involved in the building of the first rapid transit system for Singapore.
Since 1989, he has been involved in ticketing systems and several initiatives, the first of which was the Integrated Ticketing System which provided a common fare structure for the entire public transport network.
In 1994, he spearheaded trials on the Contactless Smart Card and launched the Enhanced Integrated Fare System project for the public transport system in 1998. Mr Prakasam was the Project Director for this project which implemented a common smart card system across the public transport network at a total cost of US$200m in 2002. To date, 10 million cards have been issued.
He is now leading a team to replace the current system with a new open system which will merge the payment infrastructure for Public Transport and congestion pricing. For this purpose new standard specification based on microprocessor cards called CEPAS was developed in partnership with leading card suppliers. The system was launched successfully in January 2009.The total current card base of 15 million memory cards will be progressively replaced by Type B microprocessor cards by October 2009.
He is also actively involved in various National Committees in the promotion of e-payments and related standards.
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Appearances at this years' conference:
Conference Day Two - NFC Track (Thursday 26 April 2012)
@ 14.30
NFC in the transport & retail industry - Migrating to the NFC platform for ticketing
The challenges of implementing NFC payments in Public Transport Systems
Meeting the regulatory requirements for e-payments
Exploring options: Understand the value proposition of mobile wallets vs traditional metro cards
› Mr Silvester Prakasam, Director - Fare System Division, Land Transport Authority Singapore
@ 16.10
Dialogue: The potential for growth opportunities in NFC with the new applications
An assessment of the market for NFC non – payment applications in the region
How should the business model for NFC applications be structured for revenue maximization
Overcome the barriers to consumer acceptance of NFC with the right applications
› Mr Silvester Prakasam, Director - Fare System Division, Land Transport Authority Singapore