Friday , March 29, 2024

Search Results for: transit

New Visa Ventures Tap the Growing Transit Payments Market

Visa Inc. raised its profile in the growing transit payments market on Tuesday with announcements that it was backing mobile payments for New York City-area commuters and was the exclusive card network for new prepaid fare cards in Los Angeles. Visa also said its payWave contactless card became usable Aug. …

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San Diego Nears End of Conversion to Contactless Monthly Transit Cards

A year-long conversion of the old fare-collection systems used by monthly-ticket customers of multiple transit agencies in San Diego County, Calif., to a unified system based on contactless cards is nearing completion, a local official tells Digital Transactions News. The new system, from San Diego-based Cubic Transportation Systems Inc., will …

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Boston Transit System Tests Mobile Payments for Commuter Parking

It started not even a week ago, but a pilot program in which Boston-area commuters can pay for parking by mobile phone appears to be a hit with riders, according to early anecdotal feedback. “The buzz has been huge with customers, we've only been deployed for four days,” Ian Larrabee, …

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Fraudsters Moving on from Stored Data to Thefts of Data in Transit

Merchants are getting the message that they should not store credit and debit card data, but that's turning into yesterday's issue, according to Chicago-based Trustwave, one of the big card-industry security consultancies. In a report released on Monday, Trustwave says that computer hackers may still be able to steal card …

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New York-New Jersey Mass Transit Plans Contactless Pilot

Contactless payment took another step forward in the mass-transit market with the announcement on Thursday by two key New York City-area transportation agencies that they will run a pilot of MasterCard Worldwide's PayPass system next year. The Port Authority will install contactless readers at 40 turnstiles in all 13 of …

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Eye on RFID: Utah Transit, Arby’s Plan for Contactless Payment

The Utah Transit Authority in November will begin accepting contactless payment tokens in a pilot project that will represent the first use of contactless technology to process bus fares in the U.S. The Salt Lake City-based transit agency in September will begin equipping 41 buses that ferry passengers to local …

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Top Exec at the New Chase Paymentech Sees Smooth Transition

With the melding of Chase Merchant Services and Paymentech L.P. going smoothly as the new Chase Paymentech Solutions LLC, boss Michael P. Duffy foresees his giant merchant-acquiring firm doing more than $600 billion in charge volume this year. In an interview for a story to appear in Digital Transactions' March …

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Citi Will Issue Contactless Tokens for N.Y. Mass Transit Test This Spring

Citigroup Inc.'s Citibank, which last year announced it would issue contactless tokens linked to customers' credit and debit card accounts in the New York metropolitan area, is now allowing those devices to be used in a test of radio-frequency-based electronic fare payments by the Metropolitan Transit Authority's MTA New York …

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Usio Manages To Grow Revenues Despite a 26% Decline in Payment Volume

Usio Inc. pulled off a 19% increase in revenues and reduced its losses last year despite a 26% drop in total payment volume processed, according to a new financial filing from the merchant processor. San Antonio, Texas-based Usio provides payment-facilitator services, credit card processing, automated clearing house payments, prepaid card …

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Breeze Taps Barclays and other Digital Transactions News briefs from 3/26/24

Breeze Airways unveiled a credit card cobranded with Barclays US Consumer Bank. The card offers triple points on purchases of airfare and other items, including in-flight items. The Brussels-based financial-messaging body Swift said early testing of its early-stage central bank digital currency shows financial institutions can process a variety of transactions through CBDCs …

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