Article Highlights
SaaS-ticketing providers are starting to bring open-loop payments to more small and medium-sized transit agencies in North America. There are additional costs for the agencies.
Lower bank card financial fees are, in fact, available. Some payments networks, led by Visa, have offered a lower interchange rate specifically for public transit agencies as far back as late 2021.
• MCTS (Milwaukee)
• Cubic
• RTC–So. Nev. (Las Vegas)
• Masabi
• Token Transit
• Porterville Transit
• Cal-ITP
• CTDOT (Connecticut)
• MTA (New York)
• WMATA (Wash., D.C.)
• Worldpay
• Visa
• Cybersource
• Capital Metro
• BC Transit
The Milwaukee County Transit System, or MCTS, last month became one of the latest transit agencies to launch credit and debit card and mobile wallet acceptance from its SaaS ticketing supplier’s platform–part of a trend that is starting to enable more small and medium-sized transit agencies in North America to offer open-loop payments.
In MCTS’ case, that SaaS ticketing provider was Cubic Transportation Systems with its Umo platform. Cubic, like some other SaaS ticketing vendors, are now supporting open-loop payments. The vendors are selling agencies EMV-enabled terminals and often cutting deals with gateways and merchant acquirers to handle financial transactions. The vendors or their validator suppliers also provide certification of terminals and accreditation of the end-to-end payments system.
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