Transport for London Archives - Mobility Payments

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

by Dan BalabanPosted on November 27, 2024 (February 26, 2025)Posted in Open LoopTagged MTA, Transport for London

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.…

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Calls Unheeded? Transport for London Says Certain Merchant Fees Rising Despite Complaints

by Dan BalabanPosted on November 22, 2024 (January 26, 2025)Posted in Open LoopTagged Transport for London

Nearly nine months after open-loop payments pioneer Transport for London sent an unmistakable signal to banks and payments schemes that it was unhappy about rising transaction fees, not much appears…

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As Use of Digital Wallets Grows with Open Loop, Transport for London and other Agencies being Hit by ‘Retokenization’ Fraud

by Dan BalabanPosted on May 23, 2024 (May 24, 2024)Posted in Open LoopTagged Fraud, Transport for London

Digital wallets are fast becoming the preferred method of payments for transit riders using open loop, with some major agencies recording well over half of their open-loop transactions coming from…

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Three Big Agencies Say Devices Starting to Dominate Cards for Open-Loop Payments

by Dan BalabanPosted on March 25, 2024 (April 17, 2024)Posted in Open LoopTagged Editor's Choice, MTA, Sydney, Transport for London

Figures from three of the largest transit agencies accepting open-loop payments show that NFC wallets are becoming the most common way customers tap their credit and debit cards to pay,…

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Tip Sheet: Vix Chief Ross Dismisses Talk of Merger with Kuba

by Dan BalabanPosted on March 13, 2024 (March 24, 2024)Posted in Closed LoopTagged Editor's Choice, Tmoney, Transport for London, Vix Technology

Vix Technology CEO Aaron Ross told Mobility Payments that even though he will continue to head up both Vix and Kuba and that the two fare vendors share a private…

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Tip Sheet: Transport for London Criticizes Payments Industry for Rising Fees and Higher Fraud Losses

by Dan BalabanPosted on March 5, 2024 (March 19, 2024)Posted in Open LoopTagged Transport for London

Transport for London contactless payments

Complaining of rising transaction fees and higher fraud, Transport or London today suggested that actions by banks and payments schemes threatened to kill the “golden goose” of contactless fare payments…

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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…

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Debate Panel Split on Whether Transit Agencies Should Support Concessions with Open Loop

by Dan BalabanPosted on July 7, 2023 (January 2, 2024)Posted in Open LoopTagged Editor's Choice, Transport for London

Transit agencies rolling out open-loop payments have an important question or two to answer: Should they include concessionary discounts with their open-loop service, and, if so, how? [...]Read More

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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…

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Verma: Transport for London’s Success with Contactless Payments Can be Replicated by Other Agencies–with Conditions

by Dan BalabanPosted on June 22, 2023 (June 22, 2023)Posted in Open LoopTagged Transport for London

With at least 3 million contactless journeys per day accounting for more than 60% of pay-as-you-go transactions, Transport for London runs what is believed to be the largest open-loop payments…

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Tag: Transport for London

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

Calls Unheeded? Transport for London Says Certain Merchant Fees Rising Despite Complaints

As Use of Digital Wallets Grows with Open Loop, Transport for London and other Agencies being Hit by ‘Retokenization’ Fraud

Three Big Agencies Say Devices Starting to Dominate Cards for Open-Loop Payments

Tip Sheet: Vix Chief Ross Dismisses Talk of Merger with Kuba

Tip Sheet: Transport for London Criticizes Payments Industry for Rising Fees and Higher Fraud Losses

Can Transit Agencies Save Money with Open-Loop Payments?

Debate Panel Split on Whether Transit Agencies Should Support Concessions with Open Loop

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

Verma: Transport for London’s Success with Contactless Payments Can be Replicated by Other Agencies–with Conditions

Tip Sheet: Sydney’s Transport for NSW Says Procurement of Opal Next-Gen System Still on Track; Also, Why Kurt Brissett Likely Left the Agency

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

Despite Nationwide Open-Loop Rollout, Netherlands Predicts Closed-Loop Card will Remain Most-Used Payments Method

Vendor for Denmark’s High-Profile Mobile-Ticketing Service Contends Contract Loss in Switzerland Won’t Compromise Company ‘Stability’ or ‘Strategy’

Exclusive: U.S. Tariffs Will Cause Pain for Fare Vendors and Agencies, Though They May Not Spur More Manufacturing in U.S.

Tip Sheet: Sydney’s Transport for NSW Says Procurement of Opal Next-Gen System Still on Track; Also, Why Kurt Brissett Likely Left the Agency

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

Vendor for Denmark’s High-Profile Mobile-Ticketing Service Contends Contract Loss in Switzerland Won’t Compromise Company ‘Stability’ or ‘Strategy’

Exclusive: U.S. Tariffs Will Cause Pain for Fare Vendors and Agencies, Though They May Not Spur More Manufacturing in U.S.

Cubic to Launch Open-Payment Overlay Product, Introduces New Pricing Strategy, as It Seeks to Revamp Umo Offer