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U.S. Bank believes the $1.2 trillion infrastructure Investment and Jobs Act signed into law last year will be a boon for contactless tap-to-pay transit payment systems.
With 12bn EMV cards deployed worldwide, and issuance and adoption seeing sustained increases globally, EMV chip provides a trusted foundation that is supporting the ongoing shift away from cash and towards digital payments,” said EMVCo Chair Robin Trickel.
Making it simple for passengers to pay for their bus journeys using a bank or credit card makes a huge difference to their experience. But getting systems up and running can be a massive undertaking for transit companies. Enghouse partnered with QBuzz to deliver a contactless fare collection system.