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 promoting the Interac brand, Mobility Payments has learned. […]

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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 fees for agencies to accept debit and credit cards. […]

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Visa Quietly Lowers Interchange for Transit Agencies in California but Scope of Reductions Limited So Far

Card at terminal, Monterey-Salinas Transit

Visa has quietly introduced a new interchange category for transit agencies in California, Mobility Payments has learned. If rolled out nationally and across more card types, the changes could substantially reduce the high fees that agencies pay to accept credit and debit cards for fares. […]

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California Open-Loop Program Chief: Transit Agencies Should Stop Thinking They Need to Create a ‘Separate Currency’

Gillian Gillett, manager for the California Integrated Mobility program in the state Department of Transportation, once observed that 97% of Californians never even think about using public transit. “I mean, if we were a business, we would be out of business,” she sighed. […]

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Special Report: More Agencies Taking Modular Approach to Build Their Fare Systems, Shunning Single-Supplier Model

Metrolinx presto

Transit agencies planning to roll out new electronic fare-collection systems have typically hired automated fare-collection vendors to handle the entire projects, from supplying the validators and payments processing to building or procuring the back office and integrating the various parts into a complete system. […]

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Multiple Vendors were Disqualified in Bidding to Supply Open-Loop Technology for California’s ‘Mobility Marketplace’

Buses in downtown LA

A number of well-known industry vendors that bid on two much-anticipated contracts from the state of California to the supply open-loop payments technology to transit agencies statewide were disqualified last month, mostly for failing to meet strict administrative requirements, documents reveal. […]

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In a First, California Launches Trial Enabling Customers to Pay with Contactless Bank Cards and Receive Senior Discounts–All in One Tap

Card tapped at terminal-California

California officials have launched a new phase in one of their trials of open-loop payments in the state–testing a solution to the problem of how to grant discounts to seniors or other customer segments with the same contactless EMV payments cards the customers tap to pay for fares. […]

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