Chicago transit officials unveiled their planned open-loop fare-collection system, called Ventra, with plans to enable riders to tap to pay fares with contactless credit and debit cards, as well as reloadable MasterCard-branded prepaid cards.
The system, to be implemented and operated by U.S.-based Cubic Transportation Systems, is scheduled to launch next summer, and transit officials said it would eventually include payment from NFC phones.
“Chicago will become the first major U.S. city to adopt an open-fare system for transit,” noted Forrest Claypool, president of the Chicago Transit Authority, in a statement.