Apple Enables Virtual SmarTrip Fare Card for Apple Pay in Washington, D.C., with More Closed-Loop Transit Cards Expected This Year in U.S.

Apple added support for its latest closed-loop transit card for Apple Pay, enabling customers of the Washington Metropolitan Area Transit Authority, or WMATA, to tap their NFC-enabled iPhones and Apple Watches to pay for rides with WMATA’s SmarTrip virtual...

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

Phone at terminal-Marseille
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 technology to transit...