Conduent Winner of Open-Loop Concession Contract in Venice

Conduent and its acquiring partner Elavon were one of three “groups” bidding on the unconventional contract, which comes with a difficult business case for vendors.

Bobhilscher

Article Highlights

Key Takeaway:

Transit officials in Venice are believed to have chosen U.S.-based fare-collection system vendor Conduent, working with acquirer Elavon, for a five-year concession agreement to roll out open-loop payments, Mobility Payments has learned. Conduent and Elavon were one of three “groups” bidding on the unconventional contract, which comes with a difficult business case for vendors.

Key Data:

Table: Venice Concession agreement

Organizations Mentioned:

• AVM (Venice)
• actv (Venice)
• Conduent
• Elavon
• Flowbird
• Pluserve

Transit officials in Venice, Italy, are believed to have chosen U.S.-based fare-collection system vendor Conduent, working with acquirer Elavon, for a 5-year concession agreement to roll out open-loop payments, Mobility Payments has learned.

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