Verma: Transport for London’s Success with Contactless Payments Can be Replicated by Other Agencies–with Conditions
With at least 3 million contactless journeys per day accounting for more than 60% of pay-as-you-go transactions, Transport for London runs what is believed to be the largest open-loop payments services globally.
Supporting Concessionary Discounts with Open Loop ‘Remains a Challenge’
While more and more transit agencies globally are enabling their customers to tap credit and debit cards and NFC wallets to pay fares, there are obstacles limiting growth.
Special Report: How Much Has Open-Loop Payments Reduced Transport for London’s Cost of Fare Collection?
Backers of open-loop payments routinely promise that transit agencies can save substantially on their fare-collection costs by rolling out open-loop payments. But the amount agencies can cut from their ticketing budgets has proved difficult to pin down.
Contactless Payments Continue to Increase for Transport for London but Concessions Seen Limiting Growth
Transport for London, in marking the 10th anniversary of its launch of open-loop payments on buses earlier this month, noted that seven in 10 pay-as-you-go transactions are now contactless on buses, with the rest using the closed-loop Oyster card.
Transport for London Launches Procurement of Major Fare-Collection Contract
Transport for London yesterday launched its much-anticipated call for tenders to find the next vendor to run its high-profile fare-collection system–with the so-called “Project Proteus” expected to be one of the most expensive and complex fare-system contracts now in play globally.
Transport for London Signals Plans to Enable Concessionary Fare Discounts with Open-Loop Payments
Transport for London is working on a system to tie discounts for seniors, students, disabled persons and other concessions to open-loop cards and devices, the agency confirmed to Mobility Payments.
Special Report: More Agencies Taking Modular Approach to Build Their Fare Systems, Shunning Single-Supplier Model
Transit agencies planning to roll out new electronic fare-collection systems have typically hired automated fare-collection vendors to handle the entire projects, from supplying the validators and payments processing to building or procuring the back office and integrating the various parts into a complete system.
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.
UK Government Seeks to Bring London-Style Contactless Fare Payments System to Other Regions
The UK government’s plan to equip 700 rail stations over the next three years to accept contactless open-loop payments is a major initiative, as it seeks to replicate the success of London’s contactless pay-as-you go fare payments system elsewhere in the country–a goal that has proved elusive in the past.
Special Report: Interest Grows in ‘White-Label EMV’ for Closed-Loop Transit Cards
As more transit agencies introduce open-loop fare payments, interest is starting to grow in use of white-label EMV cards that agencies can issue in place of proprietary closed-loop cards for riders who don’t have bank cards or don’t want to use them to pay fares.