In-Depth: New York’s MTA Takes Away Part of OMNY Project from Cubic; Seeks Completion of Rollout by Close of 2025
New York transit authority MTA today took a key part of its high-profile OMNY fare system away from its main technology vendor, Cubic Transportation Systems, as it seeks to complete OMNY over the next 18 months.
The board of the Metropolitan Transportation Authority today gave final approval to a proposal to modify
Tip Sheet: Why is EMV-Enabled Closed-Loop OMNY Card Failing to Take Off?
As Mobility Payments reported late last month, New York’s Metropolitan Transportation Authority has been issuing a reloadable closed-loop OMNY card since October 2021, which uses white-label EMV technology. But the card still makes up only 3% of OMNY transactions, according to an MTA spokesman.
That is a low rate of usage, especially given that the card is meant to serve riders who cannot or will not use credit and debit cards or open-loop cards in NFC wallets. This represents a lot of riders.
Special Report: Despite Industry Push, Few Transit Agencies Rolling Out ‘Closed-Loop EMV’ So Far
Transit agency Storstockholms Lokaltrafik, or SL, in Stockholm launched what is believed to be the industry’s first rollout of white-label EMV cards for its closed-loop customers in September 2021. To date it has issued around 1.5 million cards, which customers use frequently.
Dallas Latest City in U.S. to Accept Open-Loop Fare Payments
Dallas Area Rapid Transit, or DART, has become the latest transit agency in the U.S. to accept contactless open-loop payments, joining just four other U.S. agencies that support the technology, not counting small open-loop pilots happening in California.
More Transit Agencies Seek to Eliminate Cash Using Retail Cash Points, Fintechs
In the wake of the Covid-19 pandemic, elimination of cash has taken on greater urgency for transit agencies. Fare-collection system suppliers say they are seeing strong demand for cashless options, including linking their mobile ticketing and contactless closed-loop card products to retail networks where customers can use cash.
OMNY Hits New Usage Milestone as Open-Loop Payments Rollout Continues
New York’s Metropolitan Transportation Authority, or MTA, says it continues to see steady growth of its open-loop fare payments service, OMNY, announcing 50 million taps by customers using NFC wallets and bank cards to ride the massive New York City Subway and the city’s buses.
Visa, Mastercard Forecast More Contactless Growth in U.S., Spurred in Part by New York Fare Payments Service
The heads of the two largest payments networks in the U.S., Visa and Mastercard, predict strong growth for contactless payments in the U.S., with Mastercard CEO Ajay Banga noting that 70% of U.S. Mastercard-branded cards in the U.S. are coming up for reissue over the next 12 to 14 months, and most of these cards will be issued with a contactless interface. A large number of Visa-branded cards will be reissued with a contactless interface during that period, as well.
New York’s OMNY Project Completes Major Milestone, as Transit Officials Point to Steady Growth in Adoption
New York's Metropolitan Transportation Authority's much-watched open-loop fare collection service, OMNY, has reached a milestone for acceptance in New York's premier borough, Manhattan.
Use of Contactless EMV to Pay Transit Fares Accelerating, According to Two Agencies
Two transit agencies, one large and one small, that began accepting contactless bank cards and NFC wallets to pay fares in recent months are reporting that use of the new payments services is accelerating among their customers.