Convenience and speed for secure transit payments
Contactless smart cards are becoming more important in mass transit programs and have rapidly gained favor with financial payment card issuers and associations.
Such cards provide an efficient and convenient substitute for cash, reducing transaction time, increasing security, minimizing fraud, and reducing handling costs for transit operators.
Key advantages of contactless transit payments
- Faster Payments: reducing transaction time – just tapping a card without fumbling with bills and coins
- Increased Efficiency Aand Reduced Cost: increased throughput by decreasing checkout times, reducing costs of cash handling and processing
- Improved Customer Experience: simplifying purchases and access control, enhancing customer convenience
- More Security: providing a payment device with strong security features and reducing fraud
- Additional Revenue: contactless payment converts cash payments into card payments – opportunity for additional revenue through interchange fees