Technology

Visa transit partner program expands tech solutions, expert network

Posted on October 30, 2019

Starting May 31, New York City riders began using tap to pay and ride using their Chase/VISA contactless cards at select subway stations, and on all Staten Island buses.
VISA
 Starting May 31, New York City riders began using tap to pay and ride using their Chase/VISA contactless cards at select subway stations, and on all Staten Island buses.VISA

One hundred partners enrolled in Visa Inc.’s global transit partner program, Visa Ready for Transit, giving transit agencies access to an expanded network of technology solutions and expertise to make it easier to get around.

Transit agencies are recognizing the benefits of enabling contactless payments at turnstiles and on buses. Tapping to ride with a contactless card or digital wallet helps riders save valuable time by avoiding the need to pre-purchase a ticket, manage a standalone transit card, or stand in line to reload their fare card. Visa helped to launch 60 new transit projects in the past year alone, and projects that are live currently are seeing positive adoption with a 40% year-over-year rise in contactless transit transactions, according to the company.

By selecting a technology provider or consultant to support a project through Visa’s transit partner program, transit agencies can simplify the process of identifying the right partner and expertise, streamline testing and implementation, and expedite overall time-to market, according to a Visa press release.

Contactless transit solutions have been shown to streamline fare collection and reduce operational costs while helping to boost ridership through an improved customer experience. The Visa Ready for Transit program provides transit agencies with access to 100 partners worldwide with market-leading solutions and capabilities to support key aspects of next generation fare systems, including ticketing and fare collection, and back office management. In addition to technology providers, Visa’s partner program includes leading consultancies that can support transit agencies through access to technical documentation and expertise in designing and delivering solutions based on these frameworks.

Consumers around the world continue to choose tapping to pay as the preferred way to check out, with more than 50% of Visa face-to-face transactions outside the U.S. occurring with a tap. More than 100 million Visa contactless cards have been issued in the U.S., with 300 million expected in 2020, according to Visa.

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

More News

Moovit adds augmented reality to app to boost accessibility of transit

Developed based on user feedback, the app will display digital directions on top of real-world images and help point the way for users to easily get to their destination.

Shell makes investment in Masabi

Will help support the global expansion of Masabi’s Justride platform.

Tech veteran tapped to lead ITS company GMV Syncromatics

Rich Archuleta's career includes a 26-year stint with Hewlett Packard, where he started out in semiconductor research.

Transit, Swiftly launch real-time info app for Miami-Dade

Features multimodal options, including Citi Bike, scooters from JUMP and Spin, as well as ridehail from Uber and Lyft. 

UK's open data project to simplify planning, paying for bus trips

Developers will be able to add the info to existing apps or develop new products to bring the benefits to 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 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