Bus

Chicago RTA prepaid MasterCard cuts costs

Posted on November 14, 2013

The Chicago Regional Transportation Authority is offering customers a prepaid Mastercard to purchase transit fares to reduce customer commuting costs and add greater flexibility.

The new RTA Transit Benefit Prepaid MasterCard can be loaded with pre-tax deductions from customers’ paychecks. By using pre-tax dollars, riders save as much as 40% off their commuting costs each year. The new contactless, reloadable prepaid card can be used to purchase transit fares on CTA, Pace, Metra, South Shore, Amtrak and Chicago Water Taxi.

The card features MasterCard contactless technology, which enables customers to tap and go at Ventra Readers to ride CTA and Pace. Customers can also use it to purchase fares at sales windows, ticket vending machines and online purchases.

Because the card is loaded with pre-tax funds, it can only be used for the purchase of transit fares at qualified transit agencies that accept Debit MasterCard.

The new RTA Transit Benefit MasterCard debuted in October. Besides the tax savings to employees, employers also receive tax deductions by offering transit benefits. On average, an employer can save up to 10% in reduced payroll tax savings.

Last year, the RTA sold $42 million in transit fare media, saving them more than $16 million in taxes and giving their employers $3.4 million in tax deductions.

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

More News

TransPro’s Mark Aesch to Deliver Keynote Address at BusCon 2015

The session, sponsored by Q’Straint, will surely inspire participants as Aesch will bring to life stories from lessons learned during his many years as a transit management leader and innovator.

Port Authority to realign gates at NYC bus terminal

The changes are aimed at improving bus operations and reducing congestion in the terminal that can stretch back out into the inbound Lincoln Tunnel and beyond.

Mich. BRT plan on track, set for possible 2018 launch

The 8.3-mile route, with a proposed 27 stops, would replace the Capital Area Transportation Authority’s current Route 1 from downtown Lansing to the Meridian Mall. Results from the plan’s environmental assessment study are expected to be shared at a public hearing this fall.

Kiel Seats part of largest refurbished electric fleet in North America

Left on purpose without upholstery option, each double seat weighs only 45 lbs. yet provides an optimum of comfort for riders through its ergonomically formed design. The slim contour of the seat’s back offers a maximum of legroom for passengers and enhanced accessibility getting in and out of the seat.

NJ TRANSIT to add 772 MCI Commuter Coaches

The latest equipment purchase in a 33-year relationship, the $395 million order for clean diesel, cruiser-style coaches will offer NJ TRANSIT riders three-point seatbelts and comfortable forward-facing seating for 57 passengers.

 

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