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California Issues Notice of Intent to Award Contracts to Vendors for Planned Statewide Open-Loop Payments Rollout

by Dan BalabanPosted on Posted in Open LoopTagged ,
Phone at terminal in Santa Barbara
California state officials late Tuesday released a list of seven bidders it intends to award contracts to for the supply of core technology for the state’s ambitious plan to help more than 300 transit agencies roll out open-loop fare payments statewide....

Toronto Area Transit Agency Expands Contactless Pilot, but Canada’s Largest City Slow to Roll Out Open Loop

by Mobility Payments StaffPosted on Posted in Open LoopTagged ,
Up Express airport train
Canada’s largest city, Toronto, is continuing its move to open-loop payments, though is taking a slow approach–with transit authority Metrolinx not calling an end yet to a more than six-month pilot and then committing to pursuing a rollout in a “phased...

More Transit Agencies Seek to Eliminate Cash Using Retail Cash Points, Fintechs

by Dan BalabanPosted on Posted in Open LoopTagged , , , ,
In the wake of the Covid-19 pandemic, elimination of cash has taken on greater urgency for transit agencies. Fare-collection system suppliers say they are seeing strong demand for cashless options, including linking their mobile ticketing and contactless...