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…
Open-loop payments is perhaps the hottest fare-payments technology around today. But getting reliable estimates on just how large the open-loop footprint is has proved to be difficult. [...]Read More
In a region that has lagged behind in open-loop payments rollouts, Visa Tuesday sought to showcase the two largest launches to date in Asia Pacific, in Sydney and Singapore, where…
Bus operators in 33 small to mid-tier cities throughout Greece will launch open-loop payments–with the first bus agency to introduce the service next month, the main technology supplier on the…
A wide range of U.S. merchants pay the same fixed debit card fees based on interchange, including supermarkets, gasoline stations, restaurants and hotels. But transit agencies accepting open-loop payments appear…
Visa said 50 more cities globally introduced open-loop payments that included acceptance of Visa-branded cards and NFC wallet credentials during the six months ending March 31, though the payments scheme…
Italian transit operator AMT along with Visa have launched a pilot of open-loop fares payments, enabling multipassenger fare capping for the first time in Italy–and probably for one of the…
One of the main selling points for open-loop payments is that it offers a form of interoperability that enables riders to use the same credit or debit card to pay…
Visa reported this week that contactless payments continued to climb as a percentage of all face-to-face transactions with its brand at retail, and among the uses the network is continuing…
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