SacRT trains visa

Article Highlights

Key Takeaway:

A top revenue manager for Sacramento Regional Transit, the agency serving California’s capital city, said he believes there won’t be widespread rollouts of open-loop payments in California or throughout the U.S. until payments networks and banks reduce fees for agencies to accept debit and credit cards.

Key Data:

• Chart: SacRT-bank card fee percentages
• Table: Bank card fees for all Cal-ITP pilot agencies
• Chart: MST-open-loop revenue

Organizations Mentioned:

• SacRT (Sacramento)
• Visa
• MST (Monterey-Salinas)
• Cal-ITP
• Mastercard
• Caltrans

A top revenue manager for Sacramento Regional Transit, the agency serving California’s capital city, said he believes there won’t be widespread rollouts of open-loop payments in California or throughout the U.S. until payments networks and banks reduce fees for agencies to accept debit and credit cards.

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