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Can Transit Agencies Save Money with Open-Loop Payments?

by Dan BalabanPosted on July 13, 2023 (July 14, 2023)Posted in Open LoopTagged Editor's Choice, Transport for London

Transit agencies often offer open-loop payments mainly for convenience–that is, to enable their customers to tap to pay for fares with their credit and debit cards and NFC wallets without having to buy a ticket or top-up a closed loop card. [...]

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Text of Letter to Top Official in Melbourne Details Cubic Attack on Conduent’s Credentials

by Dan BalabanPosted on July 10, 2023 (July 11, 2023)Posted in Closed LoopTagged Melbourne

Top Cubic executives accused government procurement officials in Melbourne of failing to independently verify rival Conduent's credentials, contending that this was a key reason Cubic lost a 15-year, AU$1.7 billion (US$1.1 billion) fare-system contract to its...

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‘Frankly Outrageous’: Open-Loop Pioneer Says Interchange Fees for Transit Agencies Too High, Especially in U.S.

by Dan BalabanPosted on June 29, 2023 (July 6, 2023)Posted in Open LoopTagged Editor's Choice, Interchange, OVpay, Transport for London

Shashi Verma, chief technology officer for Transport for London and the driving force behind the agency’s landmark open-loop payments service, called for greater regulation of interchange rates outside of the UK and European Union to reduce fees agencies...

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Mastercard to Use E-Wallet to Try to Gain Foothold in Vietnam for Open Loop

by Dan BalabanPosted on June 26, 2023 (June 27, 2023)Posted in Open LoopTagged Mastercard, Vietnam

Mastercard is seeking to gain a foothold in Vietnam for open-loop fare payments, helping to fund a launch this summer on 200 public buses in Ho Chi Minh City. [...]

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Supporting Concessionary Discounts with Open Loop ‘Remains a Challenge’

by Dan BalabanPosted on June 22, 2023 (July 6, 2023)Posted in Open LoopTagged Concessionary discounts, Land Transport Authority, Transport for London

While more and more transit agencies globally are enabling their customers to tap credit and debit cards and NFC wallets to pay fares, there are obstacles limiting growth. [...]

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Is Sweden’s No. 2 City Rolling Out Open-Loop Payments Twice?

by Dan BalabanPosted on May 30, 2023 (June 4, 2023)Posted in Open LoopTagged Sweden

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...

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Open-Loop-Leaning Panel Sees Role for Closed-Loop Payments in Transit

by Dan BalabanPosted on May 12, 2023 (May 12, 2023)Posted in Closed LoopTagged Closed-loop, Visa

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,...

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Michigan Transit Agency Launches Open-Loop Payments

by Dan BalabanPosted on April 28, 2023 (June 13, 2023)Posted in Open LoopTagged Michigan

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. [...]

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U.S. Federal Agency Opens Procurement Program to Fare Validator Suppliers

by Dan BalabanPosted on April 27, 2023 (April 28, 2023)Posted in Open LoopTagged Editor's Choice, General Services Administration

Transit agencies in the U.S. could be able to buy fare validators through a federal government procurement program administered by the U.S. General Services Administration, as part of an initiative by the California Integrated Travel Project, or Cal-ITP....

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Special Report: Despite Industry Push, Few Transit Agencies Rolling Out ‘Closed-Loop EMV’ So Far

by Dan BalabanPosted on March 30, 2023 (December 27, 2024)Posted in Closed Loop, Open LoopTagged Editor's Choice, Mifare, OMNY, OVpay, Stockholm

Transit agency Storstockholms Lokaltrafik, or SL, in Stockholm launched what is believed to be the industry’s first rollout of white-label EMV cards for its closed-loop customers in September 2021. To date it has issued around 1.5 million cards, which...

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Search Results for: visa

Can Transit Agencies Save Money with Open-Loop Payments?

Text of Letter to Top Official in Melbourne Details Cubic Attack on Conduent’s Credentials

‘Frankly Outrageous’: Open-Loop Pioneer Says Interchange Fees for Transit Agencies Too High, Especially in U.S.

Mastercard to Use E-Wallet to Try to Gain Foothold in Vietnam for Open Loop

Supporting Concessionary Discounts with Open Loop ‘Remains a Challenge’

Is Sweden’s No. 2 City Rolling Out Open-Loop Payments Twice?

Open-Loop-Leaning Panel Sees Role for Closed-Loop Payments in Transit

Michigan Transit Agency Launches Open-Loop Payments

U.S. Federal Agency Opens Procurement Program to Fare Validator Suppliers

Special Report: Despite Industry Push, Few Transit Agencies Rolling Out ‘Closed-Loop EMV’ So Far

U.S. Transit Agency Aims to Go Cashless and also Launch Open Loop; Plans to Surcharge Riders to Cover Bank Card Fees

Barcelona Transport Authority Sets Date for Launch of Open-Loop Payments…Again; Can It Make It This Time?

Miami-Dade County Recommends Masabi for Back Office Deal; If Approved by Board, Debt-Strapped Cubic Would Lose Another Contract as Incumbent

Open Loop Worked ‘Flawlessly’ during World Cup, but Seattle Fare Official Says No Plans to Try to Move Regular Riders to Credit and Debit Cards

In-Depth: UK Department for Transport One of Latest Agencies to Take on Fare Evasion

Barcelona Transport Authority Sets Date for Launch of Open-Loop Payments…Again; Can It Make It This Time?

Miami-Dade County Recommends Masabi for Back Office Deal; If Approved by Board, Debt-Strapped Cubic Would Lose Another Contract as Incumbent

Open Loop Worked ‘Flawlessly’ during World Cup, but Seattle Fare Official Says No Plans to Try to Move Regular Riders to Credit and Debit Cards

Miami in Contract Negotiations with Masabi; Cubic Calls for ‘Immediate’ Suspension of Talks

Special Report: Open Loop Performs during World Cup, but Transit Agencies Report Some Other Fare Issues