Bus

SEPTA to move to open fare payment

Posted on February 7, 2011

The Southeastern Pennsylvania Transportation Authority (SEPTA) approved a proposal that will fund an "open" fare payment system, which would allow riders to use bank cards, mobile devices and other "smart" technologies to pay for fares.

SEPTA's board authorized a loan commitment agreement with the Philadelphia Industrial Development Corp. (PIDC) Regional Center that will provide up to $175 million in funding for the “Smart Card” project, as well as related improvements to infrastructure, communications and customer service.

A modernized fare payment and collection system is critical to SEPTA’s near- and long-term financial health, as illustrated by its inclusion as a key component of the Authority’s business plan. The system will make fare collections more efficient, and its “open” nature is expected to attract new riders.

Riders will be able to pay for travel on SEPTA trains, buses and trolleys using common retail methods such as bank cards, mobile devices and other emerging “smart” technologies. It also means a move away from outdated fare instruments such as tokens and paper transfers.

The New Payment Technology initiatives, as the project is known, will be financed through the “The Welcome Fund,” a low-cost loan program developed by the PIDC Regional Center in conjunction with CanAm Enterprises LLC.

SEPTA pursued innovative financing after the main fare modernization project was cut from the Fiscal Year 2011 Capital Budget due to a 25 percent reduction in funding. With the loan commitment agreement in place, SEPTA can begin to advance its New Payment Technology plans. The projects are expected to be complete in about three years.

View comments or post a comment on this story. (0 Comments)

More News

Denver RTD unveils its Flatiron Flyer BRT vehicle

The Flatiron Flyer buses, which were supplied by MCI and can carry 57 passengers each, are specially branded with a unique blue-and-sunrise-orange paint scheme designed by RTD and a U.S. 36 corridor stakeholder group.

Safe Fleet acquires Hadley's bus, motorcoach mirror product lines

The Hadley mirror business will remain in Elkhart, Ind., but will relocate from the Hadley site to its own production facility over the next few months. The management, engineering, customer service, administrative and production personnel of the Hadley mirror business will remain with the business and transition to Safe Fleet.

BusCon returns to Indy

Each year, more and more people look forward to BusCon as a chance to network, learn about new trends and technology, and gain the tools that are necessary to revitalize the way they tackle their own operations.

Project team wins award for N.Y. bus time displays

The countdown clocks were developed in part to address concerns about the overall accessibility of MTA’s Bus Time system, which sends wait-time information to riders via text message, a QR code scan, or over a web site.

Boston could benefit from more BRT, report says

The report argues that the city should be pushing for the “gold standard” of BRT. That would include a control station that monitors buses and ensures they come at well-spaced intervals and enclosed stops that shelter customers.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The resource for managers of class 1-7 truck Fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close