Vix Technology Agrees to Pay $2.1 Million to Settle Covid Relief Loan Fraud Case; CEO Says Penalty Won’t Affect ‘Operations or Financial Position’

Vix Technology Group recently agreed to pay $2.1 million to settle a fraud case alleging Vix made false claims on its application for a low-interest Covid relief loan. Vix CEO Aaron Ross insisted to Mobility Payments that the damages will have “no impact”...

In-Depth: Projects to Watch in California for Concessionary Discounts with Open Loop; Will More Riders Tap Bank Cards to Get Their Reduced Fares?

The Sacramento Regional Transit District in California, which launched open-loop payments earlier this month, is enabling concessionary discounts with credit and debit cards for three categories of riders–and at least for now, cuts by the Trump...

Danish Transport Officials Hire Vendor to Supply Validators for Customers Who Cannot or Will Not Use National Ticketing Apps

Denmark transport-ticketing agency Rejsekort & Rejseplan today announced it had hired a vendor to supply around 9,000 validators to accept a new closed-loop card the agency plans to roll out, with open-loop payments likely coming later. The validators are...

Tip Sheet: Fare Officials from Major Transit Agencies, Including New York and London, Believed to be Discussing How to Deal with Payments Industry

OMNY gates
Fare payments representatives with major transit agencies in Europe, North America and Australia have been quietly meeting to discuss merchant fees and fraud around open-loop payments, Mobility Payments has learned. Also: Australian Government Launches...
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