November 14, 2013

Chicago RTA prepaid MasterCard cuts costs

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.

deli.cio.us digg it stumble upon newsvine
[ Request More Info about this product / service / company ]


E-NEWSLETTER

Receive the latest Metro E-Newsletters in your inbox!

Join the Metro E-Newsletters and receive the latest news in your e-mail inbox once a week. SIGN UP NOW!

View the latest eNews
Express Tuesday | Express Thursday | University Transit

White Papers

Factors in Transit Bus Ramp Slope and Wheelchair-Seated Passenger Safety Nearly 3 million U.S. adults are wheelchair or scooter users1, and as the population ages this number is expected to rise. Many wheelchair users rely upon public transportation to access work, medical care, school and social activities.

Mass Transit Capital Planning An overview of the world-class best practices for assessing, prioritizing, and funding capital projects to optimize resources and align with the organization’s most critical immediate and long-term goals.

The Benefits of Door-to-Door Service in ADA Complementary Paratransit Many U.S. transit agencies continue to struggle with the quality of ADA service, the costs, and the difficulties encountered in contracting the service, which is the method of choice for a significant majority of agencies. One of the most basic policy decisions an agency must make involves whether to provide door-to-door, or only curb-to-curb service.

More white papers


 
DIGITAL EDITION

The full contents of Metro Magazine on your computer! The digital edition is an exact replica of the print magazine with enhanced search, multimedia and hyperlink features. View the current issue