Article Highlights
When the Utah Transit Authority finalizes the contract for its planned account-based ticketing system by the end of this year, among the provisions will be making all validators for its buses and rail ready to accept open-loop payments. The agencies are prioritizing their closed-loop cards, among other reasons for putting off activating open loop.
U.S. transit agencies pay among the highest high bank card fees among agencies accepting open-loop payments globally, especially compared with European agencies. The card fees in the U.S.–including interchange–sometime amount to 8% or 9% or more of open-loop fare revenue if the agencies don’t aggregate transactions.
• UTA (Utah)
• MTC (San Francisco)
• WMATA (Washington, D.C.)
• Metro (Los Angeles)
• Cubic
• INIT
When the Utah Transit Authority finalizes the contract for its planned account-based ticketing system by the end of this year, among the provisions will be making all validators for its buses and rail ready to accept open-loop payments.
This premium content is only available to subscribers
Article has about1510words.
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.
