Discover what closed loop cards are, how they compare to co-branded options, and their pros and cons for consumers and businesses.

An ecosystem-specific digital payment system called a "closed-loop wallet" enables consumers to make purchases solely from one brand, retailer, or service provider. Users can add money to their ...

1. Close-loop wallet for merchants - An exclusive digital payment system for transactions within a specified ecosystem, such as a specific brand, store, or service provider, is referred to as a closed ...

TfL combines open and closed loop systems, using Oyster Cards, contactless card payments, and NFC Google or Apple pay, alongside physical ticketing. Transport for London (TfL) has long been regarded ...

In 2012, Automation World published an article looking at the decision factors faced when choosing electric or pneumatic actuators. More than a decade later, manufacturing engineers and OEMs still ...

Bipolar stepper motors provide precise position control while operating in an open loop. Industrial automation applications—such as robots and processing and packaging machinery—and consumer ...

Miroslav Katsarov is the CEO of Modeshift, a technology company bringing intelligent transportation to small- and mid-size transit agencies. Open-loop payments have emerged as a high-profile trend in ...

People with type 1 diabetes require continuous insulin treatment and must regularly measure their glucose levels. With open-loop therapies*, insulin administration is manually controlled, while hybrid ...

Have you heard of two-way radio communication protocol in the military where certain etiquette must be followed in the dialogue exchange? Team members follow tight closed-loop communications to ensure ...