CITIBANK, N.A. AND TRANSIT LINK APPOINTED AS STORED VALUE CARD ISSUER AND AGENT RESPECTIVELY
Issued By: EZ-Link Pte Ltd, Transit Link Pte Ltd and Citibank N.A.
EZ-Link Pte Ltd has appointed Citibank, N.A. as the stored value card issuer of the ez-link Card. "We are glad to partner EZ-Link Pte Ltd in this nation-wide service. The ez-link card is an excellent initiative that provides added convenience and efficiency for commuters in Singapore," said Bill Glickert, Citibank’s Country Marketing Director for Global Consumer Bank, Singapore.
EZ-Link Pte Ltd will be responsible for the sale, distribution and management of ez-link Cards for use in transit and non-transit applications. For the transit applications, EZ-Link has appointed Transit Link Pte Ltd as the agent to manage the use of ez-link Cards on public transport. Transit Link Pte Ltd will, under this arrangement, sell and distribute ez-link Cards, as well as provide value top-up, card replacement and refund services to holders of ez-link Cards.
For non-transit applications, EZ-Link Pte Ltd has invited suitably qualified organisations to submit their proposals to expand the use of the ez-link Card beyond public transport. "With public transport applications providing a large user base, there is a significant potential for the ez-link card to proliferate beyond transit applications and become a multi-purpose stored value card," said Mr Silvester Prakasam, General Manager of EZ-Link Pte Ltd.
The ez-link Card, a contactless smart card, will be introduced for use to travel on the public transport system on 13 April 2002. It will eventually replace the current magnetic Farecard after a parallel run of about six months.