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Oyster card users get weekly fare capping on London’s Tube and rail network

NFC World /

PAY AS YOU GO: TfL Tube and rail Oyster users will soon have their weekly fares automatically capped Transport for London (TfL) is rolling out automatic weekly fare capping on the UK capital’s Tube and rail network, ensuring that passengers using its Oyster transit card on a pay-as-you-go basis are charged “the best possible fares […]

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Australia accredits Eftpos as its first private digital identity exchange

NFC World /

AUTHENTIC ID: Eftpos’ ConnectID can now be used for online transactions that need digital ID verification The Australian government has accredited Eftpos as the first private sector digital identity exchange operator under the country’s Trusted Digital Identity Framework (TDIF), enabling the use of the payments network’s ConnectID solution across a wide range of online transactions

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Transport for London to Offer Weekly Fare Capping with Oyster Cards; Move Expected to Drive Even More Riders to Pay as You Go

NFC Times /

By:  Dan Balaban In a move expected to make Transport for London’s pay-as-you-go model even more dominant and further erode support for season tickets and other period travel passes, the agency today said it will i Related stories, automatically selected:  Transport for London’s Lucrative Sponsorship Deal with Google Shows Value of ‘Point of Sale’ Real

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Sydney Transit Official: Opal Card Not Going Away, Despite Growth of Contactless

NFC Times /

By:  Dan Balaban Sydney-based Transport for New South Wales, Australia’s largest transit agency, has no plans to phase out or de-emphasize its closed-loop Opal card, despite strong adoption of contactless open-loop Related stories, automatically selected:  Transport Officials in Sydney See Growing Demand for Contactless Fare Payments but Have No Plans to Retire Closed-Loop Opal Sydney

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Dallas Latest City in U.S. to Accept Open-Loop Fare Payments

NFC Times /

By:  Dan Balaban Dallas Area Rapid Transit, or DART, has become the latest transit agency in the U.S. to accept contactless open-loop payments, joining just four other U.S. agencies that support the technology, not counting small open-loop pilots happening in California. Related stories, automatically selected:  Cal-ITP: Agencies in California Could Hold ‘Several More’ Open-Loop Fare

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Panel: Closed-Loop Payments Expected to Remain an Option for Years to Come Despite Growth of Open Loop

NFC Times /

By:  Dan Balaban While the trend today is for more transit agencies to introduce open-loop fare payments, closed-loop cards, either in physical form or dematerialized on smartphones and wearables, will be with us for many years to come–though perhaps in a reduced role. That’s according to a recent panel discussion at the Mobility Payments Asia

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Emirates NBD records 34m contactless transactions during eight-week rewards programme

NFC World /

Customers of Emirates NBD bank in the United Arab Emirates completed 34m contactless transactions during eight weeks of the bank’s ‘Get Together. Go Contactless’ promotion. “The ‘Get Together. Go Contactless’ campaign has accelerated the adoption of contactless payments substantially,” the bank says. “During the campaign, spend per active card has grown by 67% year over

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Monzo lets customers link virtual debit cards to funds ring fenced for specific types of expenditure

NFC World /

MONEY POTS: Monzo customers can create and use up to five virtual cards at any one time Customers of UK neobank Monzo can now create virtual debit cards for specific kinds of expenditure that are linked directly to funds they have set aside for that purpose rather than to their main bank account. To date,

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