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

AVTA to become nation's first 100% electric bus fleet

BYD Motors will build and deliver a variety of all-electric bus models including a 40-foot low-floor transit bus, a 60-foot low-floor articulated bus, and a 45-foot commuter coach.

Bridj, KCATA, Ford partner for urban mobility pilot project

The transformative program is the first U.S. public-private partnership that brings together a major U.S. transit agency, an automaker and an urban technology company with the aim of enhancing Kansas City’s existing mass transit system by providing greater access and mobility to residents.

L.A. Metro opens new 'green' bus facility

Division 13 will serve as a bus maintenance, operations and service facility with a multi-level parking garage that accommodates 200 CNG buses, fueling equipment, transportation offices and support areas.

Starcraft Bus named Ford's top volume pool account for 10th year

The company has purchased and sold more Ford E-Series chassis than any other bus manufacturer in North America since 2006.

Cummins announces new 'SmartEfficiency' initiative

The product improvement plan focuses on improved fuel efficiency, lower total cost of ownership and improved uptime.

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 number 1 resource for vocational 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