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

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...

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

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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Transport for London Sees Open-Loop Revenue Return to Pre-Pandemic Levels

London Underground
Contactless open-loop payments revenue has already returned to pre-pandemic levels in London, despite ridership on the London Underground still around one-third lower than in 2019 and bus ridership down by around 20%. [...]

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Exclusive: French Cities Make Move to Open-Loop Payments, Though Paris Holds Back

Open-Loop Payment Dijon
France had fallen behind such open-loop payments hotspots in Europe as the UK and Italy. But it has been catching up over the past couple of years, starting with small to medium-sized cities. [...]

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