Article Highlights
A top revenue manager for Sacramento Regional Transit, the agency serving California’s capital city, said he believes there won’t be widespread rollouts of open-loop payments in California or throughout the U.S. until payments networks and banks reduce fees for agencies to accept debit and credit cards.
• Chart: SacRT-bank card fee percentages
• Table: Bank card fees for all Cal-ITP pilot agencies
• Chart: MST-open-loop revenue
A top revenue manager for Sacramento Regional Transit, the agency serving California’s capital city, said he believes there won’t be widespread rollouts of open-loop payments in California or throughout the U.S. until payments networks and banks reduce fees for agencies to accept debit and credit cards.
Subscription Required
This premium content is only available to subscribers
Article has about1611words.
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.
