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Hong Kong's Octopus
Reuters is carrying an interesting story about Hong Kong's Octopus smart card system, which serves as a mass-transit fare card and is now being accepted by merchants for small purchases. A magazine cover story from last year goes more into depth. Interesting to note that the system started off anonymous, and is now being converted into a personally-trackable system.
Just because it has personally-trackable info doesn't mean that it's dangerous. Credit cards, for example, have your info attached through the credit card company. Has the world gone haywire yet?
I'd love to even see all of New York's transit integrated. Example: Last night a friend had to get a bus (which accepts the MTA metrocard) to a train (Long Island Rail Road, part of MTA but no metrocard) to a subway (6 line, definitely takes MTA Metrocard) to another train (Metro North, have to buy a ticket). I think we need to get all of our transit taken care of before branching out into other fields.
"I can't understand why people are frightened by new ideas. I'm frightened of old ones."
Anonymity is still an opt-out here. You can get a personalized card if you wish, but many users still use the plain-Jane Octopus card.
I really wish we had something like this here in the US. Say goodbye to pocket change...Businesses and the government don't realize how much long-term savings they could have if they abolished coin currency altogether, and yet our government rushes to put forth *new* coinage, on the thin hopes that they might get enough interest from collectors and whatnot.
Susan B. Anthony coins didn't work...you very rarely see half-dollars...and how many of you have seen Sacagawea dollars? I used a $25 roll I had a few months ago paying for a pizza delivery. Otherwise, they're useless.
"Mod, mod, mod...and another troll bites the dust."
I go back to HK every once in awhile, so I've actually *used* the system. In short, I think it's actually a worthwhile implementation cause it's a very convienent and fast system.
I mean, absolutely no hassle, just walk up to a scanner, brush your wallet across, hear the confirmation beep and off you go. (The scanner will also display how much money you have left if you care to look)
Works the same way on the bus too so there's no embarassment of looking for your ticket/correct change, making everyone behind you wait impatiently. Adding more money is easy too, just walk up to a special machine, insert your coin, choose amount to add, and then insert money.
The only down side is that, cause it works so well and is so transparent, you don't really keep track of how much money is left on the card and you find yourself adding more money to the card too frequently.
I can't remember his name, but we had a sort-of computer ethicist come and talk to my software engineering class, and one of the examples he used was the Octopus. I guess his involvement with the project ended before this whole anonymity thing came up, but he was quite disturbed about the actual mecahnics of paying.
You walk up to the metal plate and wave your card in front of it. If it goes withon about a cm of the plate, it is automatically debited some set amount. The disturbing thing is that, unlike nearly every other transaction in the history of trade and commerce, you do not have an option to back out when you see how much it costs, nor do you get any permanent record of the transaction. You could walk past the scanner and have your card debited a few times while it's in your pocket, and you'd never know.
It was a very interesting talk, raising issues that I'd never thought about before, but I think are extremely important to consider.
For years now highway fares are being paid with a smartcard that's put on the interior of the car; the subway is payed with a smartcard. The fuel can also be paid with a smartcard.
What's interesting is that some years ago they deployed hundreds of small terminals that could read a smartcard (called in a loose translation 'electronic wallet') nation-wide anywhere where payments were to be made; transportations, stores, malls, even taxis carried the small terminal. One would transfer money from the main account to that card and that was it, the card had no apparent identification mechanism (to the point were loosing the smartcard was the same as loosing a wallet). It was pretty neat, but never really caught up. Inertia, people's confusion about the device and the fact that ppl are so used to having money or paying everything with a card...
Which brings me to a question: just about everything is payed with a bank card (VISA Electron, put in, confirm value, insert PIN, done). Every example above can also be payed with this card (except taxis) and the terminals are prepared in many cases to be self operated e.g. gas stations, public transportations, etc). Doesn't that count as 'moneyless society
In a way we are more and more dependent on plastic ; I suppose that the thing that's interesting about this Octopus thing is that it putis it all together, the 'scanning' capability used in highways, the portability of a 'electronic wallet' and the availabilty of VISA Electron.
Just my 2 euro cents,
fsmunoz
In Hong Kong, there is no central bank that issues coins and bills, but 4 (at least I think its four, havent been in HKG since last year) different banks issue the same bills, each with a different building (the bank building, of course) in the back.
Its a hoot! It Corporate Money, like in cyberpunk novels!
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