Lisbon Metro’s Open-Loop Project Gets Help from Visa, with Major Contribution from Payments Scheme
Lisbon is latest European capital to launch open-loop payments, with the Lisbon Metro introducing the service recently. […]
Search Results for: visa
Special Report: Visa’s Marketing Message on Open-Loop Projects–Does It Add Up?
Open-loop payments is perhaps the hottest fare-payments technology around today. But getting reliable estimates on just how large the open-loop footprint is has proved to be difficult. […]
Visa Seeks to Boost Open-Loop Payments in Asia Pacific, Where Technology has So Far Lagged Behind
In a region that has lagged behind in open-loop payments rollouts, Visa Tuesday sought to showcase the two largest launches to date in Asia Pacific, in Sydney and Singapore, where representatives of transit agencies said they are seeing strong adoption of the technology by customers. […]
Visa Reports 50 Open-Loop Launches and Strong Growth in Transactions for First Half of Fiscal Year
Visa said 50 more cities globally introduced open-loop payments that included acceptance of Visa-branded cards and NFC wallet credentials during the six months ending March 31, though the payments scheme is believed to be including cities where agencies only launched pilots. […]
Visa Quietly Lowers Interchange for Transit Agencies in California but Scope of Reductions Limited So Far
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 credit and debit cards for fares. […]
Italian Transit Operator and Visa Launch Open-Loop Pilot Enabling Multipassenger Fare Capping
Italian transit operator AMT along with Visa have launched a pilot of open-loop fares payments, enabling multipassenger fare capping for the first time in Italy–and probably for one of the first times globally. […]
Visa Touts Growth in Contactless, Continues to Push Open-Loop Payments
Visa reported this week that contactless payments continued to climb as a percentage of all face-to-face transactions with its brand at retail, and among the uses the network is continuing to push for contactless payments is to pay transit fares. […]
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. […]
San Diego Transit Agency to Target Infrequent Riders with Open-Loop Payments–at Least at First
The San Diego Metropolitan Transit System, or MTS, and a smaller affiliated transit agency are planning to introduce open-loop payments in April–deep in the heart of car-centric Southern California. […]
Taipei Finally Agrees to Support Open-Loop Payments, though Service Could be Tough Sell to Regular Riders
The Taipei Metro, a major transit operator in Asia, plans to launch open-loop payments around 2025, Mobility Payments has learned. Taipei has been one of a dwindling number of the large cities that have resisted adopting the fare-payments technology. […]
