Article Highlights
Washington, D.C., transit authority WMATA releases its contract with Littlepay for its open-payment overlay project, showing it will pay the small vendor just under $5.1 million over eight years. That does not include transaction fees or costs for contracts with two other vendors to help set up the open-loop service. WMATA is believed to be getting a lower interchange rate that payments schemes are quietly giving to certain U.S. transit agencies.
• Document: WMATA contract with Littlepay for open-payment overlay, Oct. 2024
• Table: Breakdown of payments over eight years under contract
• Document: RFP for Open Payment Overlay, Feb. 2024
• WMATA (Washington, D.C.)
• Littlepay
• Visa
• Mastercard
• Cubic
• Worldpay
• Elavon
• MTA (New York)
• RTCSNV (Las Vegas)
• Masabi
• Cal-ITP
Washington, D.C, transit authority WMATA will pay vendor Littlepay just under $5.1 million over eight years in licensing, employee and other managed services fees, not counting transaction fees, for running the authority’s open-loop service, according to the contract between the two parties obtained by Mobility Payments.
The amount of the contract (download below), takes in three base years and five optional years. (See table with yearly breakdown.) The amount, however, does not include transaction fees, such as Littlepay’s payments service provider, or PSP, fees; interchange fees for accepting bank cards and tokens in mobile wallets and fees for merchant acquirer Worldpay.
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