Lisbon is latest European capital to launch open-loop payments, with the Lisbon Metro introducing the service recently. […]
Lisbon Metro’s Open-Loop Project Gets Help from Visa, with Major Contribution from Payments Scheme
Tag: Visa
Open-Loop-Leaning Panel Sees Role for Closed-Loop Payments in Transit
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, panelists at a recent Visa-sponsored webinar said. […]
Special Report: Visa’s Marketing Message on Open-Loop Projects–Does It Add Up?
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. […]
Visa Seeks to Boost Open-Loop Payments in Asia Pacific, Where Technology has So Far Lagged Behind
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 representatives of transit agencies said they are seeing strong adoption of the technology by customers. […]
Greek Bus Operators to Launch Open-Loop Payments
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 project told Mobility Payments. […]
Fixed Interchange Fees Hit U.S. Transit Agencies Hard, While Other Merchants Can Soften Blow
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 to be are among the hardest hit by these fees because of the low value of most of their transactions. […]
Visa Reports 50 Open-Loop Launches and Strong Growth in Transactions for First Half of Fiscal Year
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 is believed to be including cities where agencies only launched pilots. […]
Italian Transit Operator and Visa Launch Open-Loop Pilot Enabling Multipassenger Fare Capping
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 first times globally. […]
Open-Loop Technology May be ‘Interoperable,’ but Not for Transit Agencies; Trade Group Wants to Help Remedy That
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 their fares whether they ride in London, New York or Singapore. […]
Visa Touts Growth in Contactless, Continues to Push Open-Loop Payments
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 to push for contactless payments is to pay transit fares. […]
