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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Toronto Area Transit Agency Expands Contactless Pilot, but Canada’s Largest City Slow to Roll Out Open Loop

Up Express airport train

Canada’s largest city, Toronto, is continuing its move to open-loop payments, though is taking a slow approach–with transit authority Metrolinx not calling an end yet to a more than six-month pilot and then committing to pursuing a rollout in a “phased manner.” […]

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Special Report: Interest Grows in ‘White-Label EMV’ for Closed-Loop Transit Cards

Woman holds up new SL closed-loop card based on white-label EMV.

As more transit agencies introduce open-loop fare payments, interest is starting to grow in use of white-label EMV cards that agencies can issue in place of proprietary closed-loop cards for riders who don’t have bank cards or don’t want to use them to pay fares. […]

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Major Bus Operators in Hong Kong Now Accepting Open-Loop Payments–Adding More Competition for Octopus

JCB card being tapped on reader on board Kowloon Motor Bus, next to Octopus reader

Two more bus operators in Hong Kong on Saturday launched acceptance of open-loop contactless fare payments, with both also accepting QR code-based mobile ticketing–as the near ubiquitous closed-loop Octopus card continues to see more competition. […]

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