Article Highlights

Key Takeaway:

The transit agency serving the city of Grand Rapids, Mich., became the latest in a small but growing list of agencies to launch open-loop payments in the U.S. The small agency said its vendor integrated and activated EMV-ready terminals to accept credit and debit cards and NFC wallets.

Key Data:

Agency staffers justified not going out to bid for the $331,000 open-loop contract, saying that “procurement through potential other vendors would be extremely cost prohibitive to integrate.” They did not say how much more it was estimated to cost with other vendors in the board documents.

Organizations Mentioned:

• The Rapid (Grand Rapids)
• INIT

The transit agency serving the city of Grand Rapids, Mich., became the latest in a small but growing list of agencies to launch open-loop payments in the U.S.

This premium content is only available to subscribers

Article has about922words.

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.