Article Highlights

Key Takeaway:

Venetian transit agency AVM’s “unique” procurement model yielded surprising bid results and has attracted interest elsewhere in Europe.

Key Data:

Chart: Agency estimate vs. actual bids

Table: Ranking of three vendors’ bids

Organizations Mentioned:

AVM
Conduent
Visa
Pluservice
Elavon
Nexi

After the pandemic, AVM, the Italian public transit agency that runs buses, trams, water buses and shuttles in Venice, Italy, wanted a low-cost, low-risk way to introduce open-loop payments to riders in the tourist mecca.

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