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. […]
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 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 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 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 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. […]
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. […]
Transit officials in Denmark plan to launch the first version of their national mobile-ticketing app this spring for single rides, before introducing a full pay-as-you-go version next year. […]
After the pandemic, AVM, the Italian public transit agency that runs buses, trams, water buses and shuttles in Venice, Italy, wanted a low-cost, low-risk way to introduce open-loop payments to riders in the tourist mecca. […]
California’s bold experiment into helping transit agencies procure technology to launch open-loop payments is off to a slow start, with only eight agencies–most very small–placing orders with state-vetted vendors through December, Mobility Payments has learned. […]
