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. […]
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? […]
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 pay. […]
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 services globally. […]
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. […]
Backers of open-loop payments routinely promise that transit agencies can save substantially on their fare-collection costs by rolling out open-loop payments. But the amount agencies can cut from their ticketing budgets has proved difficult to pin down. […]
Transport for London, in marking the 10th anniversary of its launch of open-loop payments on buses earlier this month, noted that seven in 10 pay-as-you-go transactions are now contactless on buses, with the rest using the closed-loop Oyster card. […]
Transport for London yesterday launched its much-anticipated call for tenders to find the next vendor to run its high-profile fare-collection system–with the so-called “Project Proteus” expected to be one of the most expensive and complex fare-system contracts now in play globally. […]
Transport for London is working on a system to tie discounts for seniors, students, disabled persons and other concessions to open-loop cards and devices, the agency confirmed to Mobility Payments. […]
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. […]
This web site uses cookies to offer you the most relevant information. Please accept cookies for optimal performance. Read More
