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 to be are among the hardest hit by these fees because of the low value of most of their transactions. […]
Riders on the Tyne and Wear Metro in North East England are now able to tap to pay for pay-as-you-go fares with a digital version of the closed-loop Pop card in Google Pay. […]
Transit agencies planning to roll out new electronic fare-collection systems have typically hired automated fare-collection vendors to handle the entire projects, from supplying the validators and payments processing to building or procuring the back office and integrating the various parts into a complete system. […]
One of the main selling points for open-loop payments is that it offers a form of interoperability that enables riders to use the same credit or debit card to pay their fares whether they ride in London, New York or Singapore. […]
In the run-up to the elimination of cash fares on board its fixed-route buses and trolleybuses today, the Greater Dayton RTA had reduced cash payments to less than 10% of all trips, while 92% of the trips were paid for with digital payments–either contactless closed-loop cards or mobile ticketing, the agency told Mobility Payments. […]
As more transit agencies introduce open-loop fare payments, interest is starting to grow in use of white-label EMV cards that agencies can issue in place of proprietary closed-loop cards for riders who don’t have bank cards or don’t want to use them to pay fares. […]
Transit agencies that have rolled out open-loop contactless payments are seeing growing use of NFC wallets to pay fares, as Covid-wary passengers see convenience in tapping their phones or wearables to pay. […]
Transport for Greater Manchester in the UK is the latest transit agency seeing substantial growth of contactless open-loop fare payments from NFC mobile wallets–with the percentage of its contactless tram trips paid for with Apple Pay, Google Pay and other Pays services more than doubling over the past two years, Mobility Payments has learned. […]
Sydney-based Transport for New South Wales, Australia’s largest transit agency, has no plans to phase out or de-emphasize its closed-loop Opal card, despite strong adoption of contactless open-loop payments by customers, especially with mobile wallets, according to Kurt Brissett, executive director for connected journeys for the agency. […]
While the trend today is for more transit agencies to introduce open-loop fare payments, closed-loop cards, either in physical form or dematerialized on smartphones and wearables, will be with us for many years to come–though perhaps in a reduced role. That’s according to a recent panel discussion at the Mobility Payments Asia Pacific 2021 conference. […]
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