Article Highlights

Key Takeaway:

U.S. transit agency TriMet of Portland, Ore., introduced open-loop payments at the same time it launched its contactless closed-loop Hop Fastpass card, in July 2017. The agency now faces challenges in shifting its emphasis to contactless EMV, including accommodating concessionary discounts and paying high interchange.

Key Data:

Chart: Percentage of bank card fees for TriMet

Organizations Mentioned:

TriMet
• INIT

U.S. transit agency TriMet of Portland, Ore., introduced open-loop payments at the same time it launched its contactless closed-loop Hop Fastpass card, in July 2017. But it promoted Hop much more than open loop for years, and not surprisingly, the closed-loop card makes up the vast majority of electronic transactions for the agency.

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