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‘Frankly Outrageous’: Open-Loop Pioneer Says Interchange Fees for Transit Agencies Too High, Especially in U.S.

by Dan BalabanPosted on Posted in Open LoopTagged , , ,
Phone at terminal in Santa Barbara
Shashi Verma, chief technology officer for Transport for London and the driving force behind the agency’s landmark open-loop payments service, called for greater regulation of interchange rates outside of the UK and European Union to reduce fees agencies...
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Small U.S. Transit Agency has Big Ambition to Eliminate Cash

by Dan BalabanPosted on Posted in Open LoopTagged
Coast RTA Shuttle
Despite significant costs for handling cash, very few transit agencies in the U.S. have eliminated cash from their fare-collection systems. But the head of one small bus agency in South Carolina, which recently launched open-loop payments, says he plans to...
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Transit Agency: High Bank Card Fees Would Limit Open-Loop Rollouts in U.S.

by Dan BalabanPosted on Posted in Open LoopTagged , ,
SacRT trains visa
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...
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Visa Quietly Lowers Interchange for Transit Agencies in California but Scope of Reductions Limited So Far

by Dan BalabanPosted on Posted in Open LoopTagged ,
Card at terminal, Monterey-Salinas Transit
Visa has quietly introduced a new interchange category for transit agencies in California, Mobility Payments has learned. If rolled out nationally and across more card types, the changes could substantially reduce the high fees that agencies pay to accept...
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California Open-Loop Program Chief: Transit Agencies Should Stop Thinking They Need to Create a ‘Separate Currency’

by Dan BalabanPosted on Posted in Open LoopTagged ,
Gillian Gillett, manager for the California Integrated Mobility program in the state Department of Transportation, once observed that 97% of Californians never even think about using public transit. “I mean, if we were a business, we would be out of...
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Exclusive: Los Angeles City Transit Agency Plans Open-Loop Payments Pilot; To Target Underbanked and Unbanked

by Dan BalabanPosted on Posted in Open LoopTagged ,
LADOT Commuter Express bus
The Los Angeles Department of Transportation, or LADOT, the city-owned transit agency that runs fixed-route and commuter bus service in and around the city, plans to launch a trial of open-loop payments as part of the California Integrated Travel Project,...
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