Open Loop Archives - Page 8 of 26

Worldline COO: Open Loop as ‘Revolution’ is Oversold; Urges Truly Revolutionary Thinking on Payments, Fare Models

by Dan BalabanPosted on March 13, 2024 (March 14, 2024)Posted in Open LoopTagged Editor's Choice, Worldline

James Bain, COO of global mobility transactional services for Worldline, a major European processor and acquirer–in a striking acknowledgement–said that payments companies have overpromised and oversold the benefits of open-loop…

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Tip Sheet: Transport for London Criticizes Payments Industry for Rising Fees and Higher Fraud Losses

by Dan BalabanPosted on March 5, 2024 (March 19, 2024)Posted in Open LoopTagged Transport for London

Transport for London contactless payments

Complaining of rising transaction fees and higher fraud, Transport or London today suggested that actions by banks and payments schemes threatened to kill the “golden goose” of contactless fare payments…

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U.S. Agency Approves Sole-Source Contract for Cubic, Asserting It Would Save 30% by Avoiding Competitive Procurement

by Dan BalabanPosted on March 1, 2024 (March 1, 2024)Posted in Open LoopTagged Cubic, Metro Transit

Officials in the U.S. state of Minnesota, as expected, gave final approval this week to a $37.7 million sole-source contract for incumbent supplier Cubic Transportation Systems to upgrade the Minneapolis-St.…

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‘It was Theirs to Lose’: A Look at Cubic’s Surprising Loss of Key U.S. Fare Project after Tight Competition with INIT

by Dan BalabanPosted on February 27, 2024 (October 25, 2024)Posted in Open LoopTagged Editor's Choice, MARTA

Large fare-system supplier Cubic Transportation Systems was ahead on points over second-ranked vendor INIT after the first round of competition last summer for a contract to provide the Atlanta Rapid…

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New Zealand’s Nationwide Open-Loop Project Running Late; Can Organizers Get It Back on Track?

by Dan BalabanPosted on February 27, 2024 (May 25, 2025)Posted in Open LoopTagged New Zealand

New Zealand’s much-anticipated nationwide open-loop fare system is believed to be running beyond schedule, with officials unlikely to hit project deadlines, including any substantive initial launch this year, Mobility Payments…

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Two Years On, California’s Open-Loop ‘Mobility Marketplace’ has Failed to Take Off, though Deal May be Coming

by Dan BalabanPosted on February 21, 2024 (February 22, 2024)Posted in Open LoopTagged Cal-ITP

The California Integrated Travel Project, or Cal-ITP, did not add any new transit agencies for the third quarter in a row, as of end of 2023, and open-loop transactions remained…

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Genfare Wins Tender in Miami to Replace Fare Boxes, Ticket-Vending Machines and Transit Gates

by Dan BalabanPosted on February 15, 2024 (February 16, 2024)Posted in Open LoopTagged Miami-Dade Transit

U.S.-based Genfare appears set to receive an approximately $65 million contract from Miami-Dade County, Fla., after beating out three other vendors to supply new fare boxes, ticket-vending machines and transit…

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Mikroelektronika Set to Unseat Incumbent Vix with Low Bid in Sweden’s No. 2 City; Can Vendor Deliver for Price?

by Dan BalabanPosted on February 14, 2024 (April 18, 2024)Posted in Open LoopTagged Sweden

Czech Republic-based fare-system provider Mikroelektronika submitted the low bid to win the procurement of a new fare system in Sweden’s second-largest city, Gothenburg, besting a field of bidders that included…

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TIP SHEET: Vix and Kuba Ready to Merge? Also: Czech Vendor Wins in Sweden; Overhaul in Miami; Singapore ABT Update; Masabi Contract Expected

by Dan BalabanPosted on February 12, 2024 (March 13, 2024)Posted in Open LoopTagged Editor's Choice, NEORide, Vix

For several industry observers, the naming earlier this month of Kuba CEO Aaron Ross to also lead Vix Technology–replacing former Vix chief David Maitland–looks at lot like the start of…

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Top Five U.S. Agency Issues RFP to Add Open Loop to Existing Terminals; Incumbent Cubic Likely in Driver’s Seat

by Dan BalabanPosted on February 8, 2024 (October 13, 2024)Posted in Open LoopTagged WMATA

The Washington (D.C.) Metropolitan Area Transit Authority, or WMATA–a top five transit agency in the U.S.–has moved a step closer toward introducing open-loop payments, issuing a recent request for proposal…

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Category: Open Loop

Worldline COO: Open Loop as ‘Revolution’ is Oversold; Urges Truly Revolutionary Thinking on Payments, Fare Models

Tip Sheet: Transport for London Criticizes Payments Industry for Rising Fees and Higher Fraud Losses

U.S. Agency Approves Sole-Source Contract for Cubic, Asserting It Would Save 30% by Avoiding Competitive Procurement

‘It was Theirs to Lose’: A Look at Cubic’s Surprising Loss of Key U.S. Fare Project after Tight Competition with INIT

New Zealand’s Nationwide Open-Loop Project Running Late; Can Organizers Get It Back on Track?

Two Years On, California’s Open-Loop ‘Mobility Marketplace’ has Failed to Take Off, though Deal May be Coming

Genfare Wins Tender in Miami to Replace Fare Boxes, Ticket-Vending Machines and Transit Gates

Mikroelektronika Set to Unseat Incumbent Vix with Low Bid in Sweden’s No. 2 City; Can Vendor Deliver for Price?

TIP SHEET: Vix and Kuba Ready to Merge? Also: Czech Vendor Wins in Sweden; Overhaul in Miami; Singapore ABT Update; Masabi Contract Expected

Top Five U.S. Agency Issues RFP to Add Open Loop to Existing Terminals; Incumbent Cubic Likely in Driver’s Seat

New Zealand’s National Ticketing Project Delayed Further; Could be Headed for Major Reset

In-Depth: Washington, D.C., Launches Open-Loop Payments on Subway with Overlay Technology; but Transit Agency Incurs Extra Costs

Several Vendors Considering Submitting Bids for Miami’s New Fare-System Back Office

Tip Sheet: Fare Project is Back in Abu Dhabi; Agency Adds Equipment to new Tender Request

New Budget Estimates and ‘Program Reset’ in Victoria State Confirm Cost Overruns and Substantial Delays in Melbourne Project

In-Depth: Washington, D.C., Launches Open-Loop Payments on Subway with Overlay Technology; but Transit Agency Incurs Extra Costs

Vix Technology Agrees to Pay $2.1 Million to Settle Covid Relief Loan Fraud Case; CEO Says Penalty Won’t Affect ‘Operations or Financial Position’

Tip Sheet: Sydney’s Transport for NSW Says Procurement of Opal Next-Gen System Still on Track; Also, Why Kurt Brissett Likely Left the Agency

In-Depth: Projects to Watch in California for Concessionary Discounts with Open Loop; Will More Riders Tap Bank Cards to Get Their Reduced Fares?

Vendor for Denmark’s High-Profile Mobile-Ticketing Service Contends Contract Loss in Switzerland Won’t Compromise Company ‘Stability’ or ‘Strategy’