RTC of Southern Nevada-bus

Article Highlights

Key Takeaway:

As more U.S. transit agencies, like RTC of Southern Nevada, adopt open-loop payments, they may not be fully aware of how much in transaction fees they will pay, say observers.

Key Data:

• Document: Amendment to Masabi contract showing transaction fee estimates, Dec. 2023

• Document: Monthly remittance showing revenue and fees through Masabi platform, March 2024

• Chart: Open-loop revenue as share of all SaaS platform revenue

• Table: Per-transaction fees, including interchange

Organizations Mentioned:

• RTCSNV (Las Vegas)
• Masabi
• TfL (London)
• Visa
• Cybersource
• Worldpay
• InComm Payments

 

 

The Regional Transportation Commission of Southern Nevada collects cash for well over half the rides it delivers on its 400 buses that ply the Las Vegas Strip and other parts of its service area of more than two million people.

RTC knows it will never eliminate cash on board its fleet, with many of its more than 50 million annual

Subscription Required

CLOSE

This premium content is only available to subscribers

Article has about2190words.

To keep reading, subscribe today

Get access to premium content from the only global publication devoted exclusively to mobility payments by subscribing today to the most authoritative source for news and analysis in the industry.

Subscription Options

Already a member? Log in here