TELECOM Digest OnLine - Sorted: Consumer Trial of Contactless Payments in NYC Subway Stations

Consumer Trial of Contactless Payments in NYC Subway Stations

Monty Solomon (monty@roscom.com)
Mon, 30 Jan 2006 10:09:14 -0500

MasterCard and Citi Conduct Consumer Trial of Contactless
Payments with MTA in Select NYC Subway Stations; Fast, Convenient
'Contactless' Payments to Provide Trial Participants More Time
to Reach Their Destinations
- Jan 30, 2006 09:00 AM (BusinessWire)

PURCHASE, N.Y.--(BUSINESS WIRE)--Jan. 30, 2006--MasterCard
International and Citi today announced that they will be working with
the Metropolitan Transportation Authority and MTA New York City
Transit to conduct a trial of contactless payments in select New York
City subway stations with pre-selected Citi customers. The trial is
scheduled to begin in the Spring of 2006 and is expected to last
approximately six months.

Contactless payments offer consumers a fast and convenient way to
pay. Using contactless payment technology, powered by MasterCard(R)
PayPass(TM), participants in the subway trial will be able to pay for
their fare at the point of entry by simply tapping their new Citi(R)
MasterCard(R) card or payment tag on a specially equipped reader
mounted on a subway turnstile. These specially equipped readers will
feature a graphic that is unique to the trial, so that participants
will know which turnstiles accept their cards or tags. These cards and
payment tags will also be useable at any MasterCard PayPass merchant
location. The payment tag conveniently fits on any key chain, and both
the tag and card allow for everyday small purchases to be completed
quickly, securely and easily, without needing to fumble for cash and
coins.

The trial will take place at select Lexington Avenue Line 4 5 6
stations. During the trial, participating customers will have the
pay-per-ride option, including the 20% bonus, available to them. No
passes or transfers to buses will be available.

- http://finance.lycos.com/home/news/story.asp?story=55190447

Post Followup Article Use your browser's quoting feature to quote article into reply
Go to Next message: Monty Solomon: "Turning Your Cellphone Into Your Home Phone"
Go to Previous message: Monty Solomon: "Hello, You're in the Dead Zone / Region's Cellphone Users Still"
TELECOM Digest: Home Page