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Exclusive: Vancouver Transit Authority has Lucrative Deal with Debit Scheme Interac to Enable and Promote Interac Brand for Open-Loop Payments

by Dan BalabanPosted on Posted in Open LoopTagged , ,
Interac card at Compass terminal
Vancouver transit authority TransLink signed a deal with Canadian debit scheme Interac last year that would pay TransLink a total of CA$2.75 million (US$2.1 million) for enabling customers to tap Interac cards and credentials to pay for fares and for...

Insight: Open-Loop Payments Exceed Expectations for Brussels Transit Operator

by Dan BalabanPosted on Posted in Open LoopTagged
Tram in Brussels
The major transit operator serving Brussels, STIB-MIVB, said riders have used contactless payments for nearly 5 million trips on its metro, buses and trams since launching the open-loop payments service in mid-2020. [...]

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Fixed Interchange Fees Hit U.S. Transit Agencies Hard, While Other Merchants Can Soften Blow

by Dan BalabanPosted on Posted in Open LoopTagged
Visa card at OMNY terminal
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...
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Rollouts of ‘VSAM’ Technology Finally Start to Pick Up Speed

by Dan BalabanPosted on Posted in Open LoopTagged ,
SkyTrain in Vancouver
More than three years after it was introduced, a technology designed to make it easier and less costly for transit agencies to accept open-loop payments on their proprietary closed-loop terminals is still only live with a handful of agencies, all in Latin...
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Canadian Transit Agencies Move to Enable Domestic Debit but Open Loop Expected to Continue to Take Back Seat

by Dan BalabanPosted on Posted in Open LoopTagged ,
Credit card at terminal-STL
Montréal-area transit operator STL this month officially launched its open-loop payments service–one of the few in Canada and the largest project outside of Vancouver. [...]

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Transit Agency: High Bank Card Fees Would Limit Open-Loop Rollouts in U.S.

by Dan BalabanPosted on Posted in Open LoopTagged , ,
SacRT trains visa
A top revenue manager for Sacramento Regional Transit, the agency serving California’s capital city, said he believes there won’t be widespread rollouts of open-loop payments in California or throughout the U.S. until payments networks and banks reduce...
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