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.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more