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. […]
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. […]
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. […]
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 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 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. […]
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 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. […]
Porto aims to become one of the next cities in Europe to roll out contactless open-loop payments, launching a pilot on a Porto Metro line and a route of STCP, which runs the bus and tram service for Portugal’s second largest city. […]
As the California Department of Transportation, or Caltrans, sees it, the state’s more than 300 local transit agencies offer a fragmented and inefficient mix of fare collection systems–a fact it says discourages many potential riders among the state’s nearly 40 million residents from taking public transit. […]
