The Payolog AFC System has a provides a has a web-based portal – this gives the passengers more control during their riding experience.
- Capability to Match their city cards with their account,
- Ability to view their balance,the last transactions completed with their card and the transit schedules
- Capability to add any other information requested by the transit authorities.
Our Open loop architecture enables the AFC system to integrate with the BIN providers (the issuers) or the payment gateways for supplying next generation EMV Card execution properly within the system in accordance with the EMV security standards.
One of the significant differences between the open loop and closed loop control system is that in an open loop system the desired output does not depend on the control action. While in the closed loop system the desired output depends on the control action of the system. The other differences between the open and closed loop system are shown below in the comparison chart.
A closed loop card is an electronic payment card that a cardholder can only use to make purchases from a single company. A closed loop card, also called a single purpose card, will usually have the company’s logo on it, indicating where the card can be used, but it will not have the logo of a major payment processor like Visa or MasterCard.
Closed loop cards are an electronic payment card that can only be used with a specific payee. Generally electronic payment cards can be either closed loop cards or open loop cards. By contrast, an open loop card is a card type more commonly associated with all types of standard transactions. An open loop card can generally be used anywhere the card brand is accepted.