Greek Bus Operators to Launch Open-Loop Payments
Bus operators in 33 small to mid-tier cities throughout Greece will launch open-loop payments–with the first bus agency to introduce the service next month, the main technology supplier on the…
Category: Open Loop
Fare payments with contactless EMV cards or card credentials in NFC wallets.
Exclusive: Vancouver Transit Authority has Lucrative Deal with Debit Scheme Interac to Enable and Promote Interac Brand for Open-Loop Payments
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…
In-Depth: Transit Agency that Pioneered Open-Loop Payments in U.S. Plans to Roll Out Technology–Again
The Utah Transit Authority in Salt Lake City plans to overhaul its fare-collection system, including supporting open-loop payments and launching a new mobile app. [...]Read More
Canada Lags Behind on Open-Loop Payments, but Interest Continues to Build, According to Major Acquirer
When it comes to open-loop payments, Canada has been lagging behind, acknowledges Pasquale Pizzi, senior vice president for Moneris, a major processor and acquirer in the country. [...]Read More
Insight: Open-Loop Payments Exceed Expectations for Brussels Transit Operator
The major transit operator serving Brussels, STIB-MIVB, said riders have used contactless payments for nearly 5 million trips on its metro, buses and trams since launching the open-loop payments service…
Fixed Interchange Fees Hit U.S. Transit Agencies Hard, While Other Merchants Can Soften Blow
A wide range of U.S. merchants pay the same fixed debit card fees based on interchange, including supermarkets, gasoline stations, restaurants and hotels. But transit agencies accepting open-loop payments appear…
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…
Rollouts of ‘VSAM’ Technology Finally Start to Pick Up Speed
More than three years after it was introduced, a technology designed to make it easier and less costly for transit agencies to accept open-loop payments on their proprietary closed-loop terminals…
Canadian Transit Agencies Move to Enable Domestic Debit but Open Loop Expected to Continue to Take Back Seat
Montréal-area transit operator STL this month officially launched its open-loop payments service–one of the few in Canada and the largest project outside of Vancouver. [...]Read More
Transit Agency: High Bank Card Fees Would Limit Open-Loop Rollouts in U.S.
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…
