Visa, Mastercard Forecast More Contactless Growth in U.S., Spurred in Part by New York Fare Payments Service

The heads of the two largest payments networks in the U.S., Visa and Mastercard, predict strong growth for contactless payments in the U.S., with Mastercard CEO Ajay Banga noting that 70% of U.S. Mastercard-branded cards in the U.S. are coming up for reissue over the next 12 to 14 months, and most of these cards will be issued with a contactless interface. A large number of Visa-branded cards will be reissued with a contactless interface during that period, as well. […]

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Central Bank in Latin American Country Drives Nationwide Rollout of Open Loop; Can It Serve as a Model Elsewhere?

Costa Rica bus

In a first for Latin America and perhaps one of the only projects of its kind in the world, the Central Bank of Costa Rica is building a nationwide infrastructure for open-loop transit payments, as it seeks to ultimately eliminate cash on board its buses and trains. […]

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MaaS App Trial in Sydney to Include Numerous Subscription Plans, Separate Booking for Private Mobility Services

Tram in Sydney

The New South Wales government in Sydney has released more details about its “Opal Plus” mobility-as-a-service trial, which will offer a large number of weekly subscription plans that bundle rides on the metro, trains, trams and buses in the Australian state. In addition, users will apparently have to book rides with private mobility providers separately. […]

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Exclusive: Vancouver Transit Authority has Lucrative Deal with Debit Scheme Interac to Enable and Promote Interac Brand for Open-Loop Payments

Interac card at Compass terminal

Vancouver transit authority TransLink signed a deal with Canadian debit scheme Interac last year that would pay TransLink a total of CA$2.75 million (US$2.1 million) for enabling customers to tap Interac cards and credentials to pay for fares and for promoting the Interac brand, Mobility Payments has learned. […]

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