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Oyster readers can also read other types of cards including Cubic Transportation Systems' Go cards.
From its inception until January 2010, Oyster cards were based on NXP/Philips' MIFARE Classic 1k chips provided by Giesecke & Devrient, Gemalto and Schlumberger Sema.
By June 2012, over 43 million Oyster cards had been issued and more than 80% of all journeys on public transport in London were made using the card.
The Oyster card was set up under a Private Finance Initiative (PFI) contract between Transport for London (Tf L) and Tran Sys, a consortium of suppliers that included EDS and Cubic Transportation Systems (responsible for day-to-day management) and Fujitsu and WS Atkins (shareholders with no active involvement).
Although the RFID chips were charged in the normal way and no fare evasion was involved, Tf L disapproved of the practice and threatened to fine anyone not carrying a full undamaged card, although it is not clear what the actual offence would be, were a case to be brought.
The Oyster system is based on a closed, proprietary architecture from Cubic Transportation Systems.
The card is designed to reduce the number of transactions at ticket offices and the number of paper tickets.
Usage is encouraged by offering substantially cheaper fares than with cash with a limited range of features and there continues to be a phased introduction of further functions.
Card opening is also subject to other fraud prevention measures.While there is no credit check to get a card, certain features are subject to the use of a consumer report. The Oyster card is a form of electronic ticket used on public transport in Greater London in the United Kingdom.In early 2007, Tf L and Deloitte worked to migrate the on-line payment systems to a more open architecture, using a number of open source components such as Linux, to resolve issues of lock-in costs, updates, incorporation of new security standards of PCI DSS, non-scalability, low and inconsistent quality of service, and slower response time to business changes.Oyster cards can be registered or protected for loss or theft.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW CARD ACCOUNT: To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens a Card Account.