PATCO, Cubic team for contactless payment

Posted on September 27, 2011

Port Authority Transit Corp. (PATCO) and Cubic Transportation Systems, the transportation segment of Cubic Corp., partnered to provide Philadelphia/New Jersey region commuters with the first transit-branded, contactless Visa prepaid card in the world.

The new PATCO Wave & Pay ANYWHERE Visa Prepaid Card began a 12-month pilot program on Monday. This marks the first time that consumers will be able to use the same transit payment card for both transit and retail purchases.

Cubic developed the pilot program to assist transit agencies that are facing shrinking budgets and are looking for ways to reduce costs of fare card operations and create avenues for additional revenues. This type of payment system — called an "open-loop" payment system — uses contactless bank cards that give users the opportunity to spend money wherever the card is accepted.

The majority of transit fare cards in use today, such as the PATCO FREEDOM Card, are closed loop payment systems, meaning they can only be used for transit payments.

The PATCO Wave & Pay ANYWHERE Visa Prepaid Card is a contactless, general purpose, reloadable card. It is one of the lowest fee prepaid cards on the market. To participate, PATCO riders can get a free PATCO Wave & Pay ANYWHERE Visa Prepaid Card, with no enrollment, free from brand ambassadors who will be on site for the first two weeks of the pilot at six PATCO stations where special kiosks will be located to enable customers to load their cards. Customers can also order and register their cards online.

Riders use the card to wave and pay at PATCO gates and parking terminals and anywhere Visa debit cards are accepted, including telephone and online purchases and bill payment. The cards can be loaded, reloaded and managed many ways, including online. Once the card has been registered, it is FDIC insured and can be used for cash back on purchases and for ATM withdrawals.


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

More News

Fla.'s HART partners with Megabus.com to pilot service option

The agency is already providing enhanced routes and options through a unique 5-year partnership agreement with Megabus.com which began last year, to offer express travel to and from Miami and Orlando for as little as $1.

BusCon 2015 takes Indy by storm with new vehicles, tech and education

The 20th installment of the show featured more than 50 new exhibitors, 70-plus vehicles and plenty of information to inspire attendees.

House moves to delay PTC deadline

A bipartisan measure has been introduced in the lower chamber that would push back the deadline for most railroads to install automated train technology until December 2018.

Volvo celebrates new Nova, Prevost customer delivery center

The new Plattsburgh, N.Y., building will be equipped of a welcoming customer area, 10 bus delivery spaces and offices to enable our customers to continue their professional activities during their stay.

Webinar Helps Passenger Fleet Managers Understand Hybrid Options

Fleet managers for transit agencies, universities and schools, governments and for-hire transit companies are encouraged to register while spaces are still available.

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



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