New York To Launch Contactless Subway Card

New York To Launch Contactless Subway Card

New York follows in London`s footsteps by allowing subway users to pay with contactless bank cards and mobile wallets like Apple Pay.

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New York follows in London`s footsteps by allowing subway users to pay with contactless bank cards and mobile wallets like Apple Pay.

New York`s Metropolitan Transportation Authority (MTA) has reportedly started testing contactless payments for subway users in 2006. The project was realized as a joint effort between the metro and MasterCard, a popular payments company and Citi, a global bank.

Governor Cuomo promised to “accelerate” the technology`s release to the general public, as Finextra wrote in a recently published article.

The system was supposed to roll out in 2018 but it was reportedly postponed for a year after MTA signed a $573 million contract with Cubic Transportation Systems to replace the MetroCard.

Cubic will oversee the installation of new readers at 500 subway stations and on 600 buses by the middle of 2019. As for users, they will have a chance to use their contactless bank cards plus mobile payment options like Apple Pay, Android Pay and Samsung Pay. The MTA will issue its own card by 2021.

According to the MTA chairman Joseph Lhota, who spoke to Finextra, the move is a critical step in the city`s overall efforts to modernize the subway system and improve the service for all customers.

He added that it is a truly 21st century method of payment. Will Judge from Mastercard told the online media that contactless payments can reduce queues, while making life easier for visitors and citizens who need to top up their cards regularly.

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