Earlier quoted context omitted.
> Is the protocol used in credit cards related at all? In e.g. London and the Netherlands, the readers were upgraded to support tapping in and out with a debit/credit card or Apple/Google Pay. However, Apple also seems to have an ‘Express’ mode, which even works when the battery is empty (‘Power Reserve’). It seems to me that there must be three protocols: the one for the disposable and stored-value tickets (ISO 1444…
EMV (specifically EMV contactless) is also based on ISO 14443, it's more like an application layer protocol on top of it. Apple Pay Express is just Apple Pay without the need for the full system UI: "If iOS isn’t in use because iPhone needs to be charged, there may still be enough power in the battery to support Express Card transactions." it interacts the same way as the physical card equivalent (otherwise they woul…
EMV is an account-based payments protocol, and the card only confirms its presence in a transaction; balances are managed on the backend. The reader does not authenticate itself to the card at all.
MIFARE is a stored-value service and as such keeps track of the card's balance on-chip. This requires another smartcard on the reader side, holding the necessary keys for mutual authentication, but allows two-sided offline transactions, which is quite useful for transit applications (e.g. buses dropping out of network coverage, allowing higher volumes even during short server outages etc.)