Open-Loop Payment Systems allow transit agencies to get out of the business of issuing fare media and maintaining the card sales infrastructure. This significantly lowers operational costs for the transit agency. This is one of the 7 reasons we outlined for you in this article.
Even as COVID-19 restrictions have eased and the public returns to some semblance of their normal activities, transit ridership remains at only 60% of pre-pandemic levels. A key way to improve rider experience is to allow consumers to purchase access to transit with their own credit cards, debit cards, and smartphones. The transition to open-loop ticketing is actually less daunting than many agencies imagine.
Tap into the future of fare payment!
Your agency can make paying for a ride fast and simple!
The California Mobility Marketplace is a one-stop resource to help California’s transportation providers make travel planning and payments simpler, and more cost effective for customers.
Here is how it works and what is required.
Watch the Video
In this webinar we covered what is a contactless open-loop payment system, why it is important to start the migration process as soon as possible, and what are the benefits to passengers and agencies that switch, as well as the role of the California Integrated Travel Project (Cal-ITP). Enghouse Transportation has been selected by the California Department of Transportation (Caltrans) to participate in the Cal-ITP project. Watch the Webinar and make sure you listen to the Q&A as well!
Zoomers are a generation that have never known life without the internet and smartphones. They live on social media and when it comes to money and finance – they are charting a new course. 62 percent of Zoomers do not have a bank account and in some emerging markets nearly 50 percent prefer mobile wallets as their choice of payment method. About 25 percent of Zoomers in western markets almost never use cash.