Visa Tests Smartphone Payments in Mass Transit
Visa Inc. is participating in a test program started by rival MasterCard that will let consumers pay for some New York subway tickets by tapping a credit card or a smartphone at the turnstile. (Reuters)
MasterCard said in June that it was working with New York and New Jersey mass transit agencies on a six-month pilot program to test "contactless" payments on certain commuter routes.
The program allows consumers to buy a subway, bus or train ticket by tapping or waving their credit or debit card, or a sticker attached to the back of their phone, over a turnstile electronic reader, instead of buying a separate ticket.
(NFC Times reported in early June on the extension of the MasterCard open-loop transit trial and the planned expansion to Visa.)
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