Earlier this month, Gothenburg transit authority Västtrafik launched open-loop payments, the fourth city in Sweden to do so, according to Vix Technology, the vendor that implemented the service on 4,500 upgraded validators on buses, trams and ferries in the...
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,...
The transit agency serving the city of Grand Rapids, Mich., became the latest in a small but growing list of agencies to launch open-loop payments in the U.S. [...]
Open-loop payments can improve the customer experience, helping transit agencies to win back customers in a post-pandemic world, while also reducing cash-handling costs and speeding up boarding times, according to a new report from the Brookings Institution,...
In a region that has lagged behind in open-loop payments rollouts, Visa Tuesday sought to showcase the two largest launches to date in Asia Pacific, in Sydney and Singapore, where representatives of transit agencies said they are seeing strong adoption of the...
New Zealand’s Ministry of Transport today announced the country’s planned nationwide rollout of open-loop payments, a system costing an estimated NZ$1.3 billion (US$746.7 million) over 15 years. Officials signed a contract today with U.S.-based Cubic...
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...
The Metropolitan Transportation Authority said it is seeing nearly 40% of trips taken on its New York City Subway paid for through the agency’s OMNY service, which is used mainly for open-loop payments. [...]
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