The Massachusetts Bay Transportation Authority (MBTA) is teaming up with transit mobile ticketing solutions provider Masabi US ltd to bring mobile ticketing to commuter train travellers this autumn (view press release). The new app will be compatible with iPhone, Android and Blackberry and will enable consumers to buy their train tickets and display them to the conductor directly from their smartphone device. Each mobile ticket will have a barcode to be scanned for validation and all transactions will be processed through the encryptME security system. Monthly pass holders will be able to link a plastic ‘CharlieCard’ to their pass, enabling them to ‘tap in’ rather than using a magnetic ticket.
Masabi will provide the full ticketing solution incorporating everything from the customer-facing app and backend servers, to payment integration and scanning/validation software. The new solution is designed to cut costs by removing the need to install more vending machines and reducing cash handling overheads.
Just under three quarters (71%) of European banks and retailers are planning to boost their spending on payment tech within the next two years amid mounting pressure in the market and demand for faster, more secure payments tech from customers.
Wirecard's EVP Global Product Strategy, Christian Von Hammel-Bonten. One of the key things we heard at this year's Money20/20 is that the Home will be the next big hub of commerce and Wirecard's Christian Von Hammel-Bonten explains why.
From the giant of Asia, Alipay, looking to the West for newer and bigger opportunities to a live demonstration of a cardless ATM, here are the five things we noticed on the second day of Money20/20 Copenhagen.
Picking Copenhagen to host the first edition of Money2020 Europe is a coup for not just the Danish capital, but also the wider Nordics, helping shine a new light on the region's thriving tech ecosystems: this time through the lens of financial technology. Here are five of the key things we’ve heard at the show so far. Stay tuned for more coverage!