Despite the growth of open-loop payments, closed loop will continue to play a necessary role for transit agencies, especially to accommodate the unbanked and underbanked and customers that don’t want to use their credit or debit cards to pay fares, panelists at a recent Visa-sponsored webinar said. […]
Transit agency Storstockholms Lokaltrafik, or SL, in Stockholm launched what is believed to be the industry’s first rollout of white-label EMV cards for its closed-loop customers in September 2021. To date it has issued around 1.5 million cards, which customers use frequently. […]
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. […]
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. […]
Mastercard is footing the bill for a large share of the cost to roll out and operate an open-loop payments pilot for Budapest transit agency BKK, but the agency won’t say how much the payments scheme is paying, Mobility Payments has learned. […]
Despite a high-profile launch recently of domestic debit card acceptance in Canada and more open-loop rollouts there, Canadian transit agencies say they have no plans to promote open-loop payments over their close-loop cards. […]
Transit riders in the Netherlands could begin receiving concessionary discounts while using their contactless debit and credit cards or NFC wallets later this year, the program director for the country’s nationwide open-loop rollout told Mobility Payments. […]
In what is believed to be the first major transit agency to roll out concessionary discounts linked to open-loop payments, New York’s Metropolitan Transportation Authority said more than a million seniors and disabled persons are now able to register to receive half-priced fares when they tap contactless credit or debit cards or NFC devices to pay for rides. […]
A panel of industry experts squared off for a first-of-its-kind debate about the pros and cons of open-loop payments, tackling a range of issues–from whether transit agencies can completely eliminate their closed-loop programs in favor of open loop, to costs agencies should be ready to incur when rolling out the technology. […]
There’s little doubt that open-loop payments is the highest profile trend in the fare-collection industry. […]
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