Article Highlights

Key Takeaway:

While Houston Metro, a large public bus agency in the U.S., plans to introduce open-loop payments as part of an account-based ticketing system now being built for it, the agency has no plans to phase out cash acceptance on board its more than 1,200 buses, a spokeswoman confirmed to Mobility Payments.

Key Data:

At a board Administration Committee meeting March 16, a Metro staffer said the estimated costs for the fareboxes and TVMs had increased by 30% in the two years since the original contract with INIT was approved. “Like a lot of others, they’ve got supply-chain issues. So this is a pretty sizable increase,” she said.

Organizations Mentioned:

• Houston Metro
• INIT

While Houston Metro, a large public bus agency in the U.S., plans to introduce open-loop payments as part of an account-based ticketing system now being built for it, the agency has no plans to phase out cash acceptance on board its more than 1,200 buses, a spokeswoman confirmed to Mobility Payments.

This premium content is only available to subscribers

Article has about787words.

To keep reading, subscribe today

Get access to premium content from the only global publication devoted exclusively to mobility payments by subscribing today to the most authoritative source for news and analysis in the industry.