Open-loop transaction value doubled for a small California bus agency last month, although credit and debit card payments still represented a small share of total fare revenue, Mobility Payments has learned.
The gains for Humboldt Transit Authority, in far Northern California, present perhaps a typical snapshot of one of the small municipal transit agencies that is buying its equipment through the state-backed Cal-ITP open-loop procurement program. The program is serving a few larger agencies, as well, and recorded its biggest quarter to date in terms of orders of nearly $1 million during the third quarter, as Mobility Payments reported.