Open Payment Fare Systems
A new technology is taking root: open payment fare systems, which help transit agencies save money through operational efficiencies.
Open payment fare systems simplify operations by adopting payment technologies from the financial sector.
There are many common questions and misperceptions around open payment fare systems, especially around proof of payment and whether or not open payment systems will slow up transaction times at transportation entry/exit points.
Read the whitepaper to see the FAQs, the challenges presented with closed systems, compelling solutions already available from the private sector, and what open payment systems are and how they work. You’ll see how open payment systems not only reduce costs and increase revenue, but also capture ridership data that can be analyzed to improve efficiency down the road.