Moscow Metro Sees Continued Growth in Open-Loop Transactions Despite Fall in Ridership from Covid
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NFC TIMES Exclusive Insight – The Moscow Metro saw a large increase in contactless open-loop transactions in 2020, despite a sharp fall in ridership because of the Covid-19 pandemic, according to Roman Latypov, a first deputy CEO for the transit agency.
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Visa Increases Support for Analog Watches and Other Passive Wearables
NFC TIMES Exclusive Insight – Visa is supporting another provisioning company, Sweden-based Fidesmo, to deliver and manage Visa-generated tokens to passive wearables, such as analog designer watches, keyrings and bracelets. The move, which follows Visa’s support in recent months for at least one other provisioning company serving an analog watchmaker, promises to expand use of payments wearables to more issuers, markets and devices.
U.S. Transit Agency in Pennsylvania Latest to Launch Mobile and Smart Card Ticketing with SaaS Platform
NFC TIMES Exclusive Insight – A mid-tier U.S. transit agency in Pennsylvania is the latest to introduce mobile ticketing with an option for riders to use smart cards to pay for fares, using a software-as-a-service ticketing platform from a start-up.
New York’s MTA Hits OMNY Milestone as Contactless EMV Transactions Continue to Grow
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NFC TIMES Exclusive Insight –New York’s Metropolitan Transportation Authority has recorded more than 35 million contactless transactions since it launched its OMNY open-loop fare payments service in May of 2019, and usage continues to increase.
Milan Transit Operator Plans to Give Contactless EMV Fare Payments Larger Role, Including Use with Planned MaaS Platform
NFC TIMES Exclusive Insight – Milan’s public transit operator, Azienda Trasporti Milanesi, or ATM, which began accepting contactless credit and debit cards on its four-line metro in 2018, has begun to expand the EMV payments service to buses. But the agency has much larger plans for the technology.
Boston Transit Authority Makes Aggressive Move to Eliminate Cash in Planned Fare-Collection System
NFC TIMES EXCLUSIVE Insight – The Massachusetts Bay Transportation Authority, or MBTA, in Boston plans to completely do away with cash fare payments on its various transport modes when it rolls out its massive new fare-collection system, an MBTA official told attendees during a recent virtual conference.
Israel Launches Nationwide Mobile-Ticketing Scheme; Moovit, Others Provide Apps
NFC TIMES Exclusive Insight – Israel this week launched a nationwide mobile-ticketing system, enabling riders to pay for trips on buses and later on railways, with the charges assessed at the end of each month.
In-Depth: Networks Developing New Uses for SoftPOS, Though Questions Remain about Interoperability and Costs of Technology
NFC TIMES Exclusive Insight –While the idea of letting merchants use their own NFC-enabled smartphones and tablets as acceptance devices to take contactless EMV payments is still getting off the ground, some major payments networks are already working on expanding the technology to enable consumers to tap their own devices to pay.
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Planned Account-Based Ticketing Project Remains on Track in Queensland; Expected to Give Customers More Ways to Pay
NFC TIMES Exclusive Insight – The new account-based ticketing system under development for the Australian state of Queensland remains on track and on budget to be fully rolled out by 2022, despite the challenges of working through the Covid-19 pandemic, Martin Bradshaw, project head and general manager for passenger transport strategy and technology for transit agency TransLink, told NFC Times through a spokesman.
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Insight: Taiwan’s Dominant Fare-Collection Service Struggles to Stay Competitive in Changing E-Payments Landscape
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NFC TIMES Exclusive – EasyCard Corp. remains the dominant contactless stored-value card in Taiwan, boasting of market shares above 70% in transit fare payments and retail transactions nationally amid competition from three other contactless closed-loop cards that vie for transit and low-value retail transactions across the island nation.
In-Depth: California Transport Group Launches Mobile Ticketing, Plans MaaS Rollout
NFC TIMES Exclusive Insight – Officials in California’s Central Valley have launched an app that enables users to buy mobile tickets for bus and rail rides with seven mostly small public transit agencies, with plans to expand to ticketing for electronic car and bike sharing, along with on-demand ride-sharing and van-pool services.
UPDATED: Google Pay Launches with Fintechs in 10 New Countries, as Search Giant Unveils Revamped App; Deeper Move into Financial Services in U.S.
NFC TIMES Exclusive Insight – Google Pay has added its first new countries in 18 months, all of them in continental Europe and all counting digital banks and other fintechs as the vast majority of the issuers across the 10 new markets.