NFC TIMES Exclusive Insight – 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.
While some transit agencies are holding back from launching similar open-loop payments services–put off by relatively high upfront costs, generally slower transaction times and a few other issues, transit officials in New York City and Manchester, UK, have been touting the results of their open-loop launches this year. The services enable riders to tap to pay with contactless EMV credit and debit cards branded by Visa, Mastercard and, in the case of New York, American Express.
