A leading credit-union service organization reported Wednesday that it has distributed half a million contactless payment cards through some of its members, and Mastercard Inc. has paired up with a French investment firm with an eye on bringing new fare technology to mass-transit systems. St. Petersburg, Fla.-based PSCU says it …
Read More »Search Results for: transit
Investor Blasts USAT Management; Payments Companies Exit Libra; Google Pay Gains Transit Connection
Google Pay Gains Transit Connection and other Digital Transactions News briefs from 10/14/19
Cubic Corp.’s Cubic Transportation Systems unit agreed to integrate contactless transit cards with Alphabet Inc.’s Google Pay mobile-payments app. The integration will begin with contactless payment systems for transit in London, Miami, and New York.BMW, General Motors, Ford, Renault, and Honda will reportedly begin testing a blockchain-based in-car identification and payment system next month …
Read More »With Momentum From Transit, Contactless Accounts for a Rising Share of Card Payments
With card-based transit payments picking up steam in the United States, a key Mastercard Inc. executive said Thursday that 22% of the network’s physical-world transactions globally were contactless as of the end of 2018. The time to complete a contactless transaction is down to 0.4 seconds, added Ajay Bhalla, president …
Read More »Contactless Gets Another Boost With Mass Transit’s Embrace of Tap-And-Pay in Miami
Is 2019 turning into the year of contactless payment for mass transit? Miami-Dade County announced Wednesday it has started accepting contactless cards and mobile wallets at gates at 23 commuter train stations, with plans to include bus fares later this summer. The move follows New York City’s adoption in May …
Read More »Consumers Warm to Apple Card; Eye on Earnings; InComm in L.A. Transit Retail Expansion
InComm in L.A. Transit Retail Expansion and other Digital Transactions New briefs from 8/7/19
Prepaid card program manager InComm said it is working with the Los Angeles County Metropolitan Transportation Authority to expand from 450 to 2,000 the number of retail locations where riders can buy and reload the transit system’s TAP cards. The expansion is expected to be complete next year.Associated Bank launched a digital checking …
Read More »Mastercard Send’s New Gig Economy Role; Uber Transit Advances in Denver; Park Place Payments Debuts
Two Months on, Uber Transit Ticketing Is Averaging a 42% Weekly Growth Rate
Denver’s use of Uber for transit ticketing appears to be gaining traction among commuters. More than 1,200 tickets have been sold through the app since its May 3 launch, Uber Technologies Inc. announced Tuesday. That pegs growth at an average of 42% per week in the launch period, the ride-share …
Read More »