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

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....

Transit Payments Company Head: Apple and Google Positioned to Take Bigger Piece of Payments Industry

The head of transit payments gateway and processor Littlepay said he believes that Apple and Google are well-positioned to take a “big bite out of the payment chain,” which could change their relationship with payments networks Visa and Mastercard from...
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Apple Pay Expands Support for Interoperable Closed-Loop Transit Cards in China

Apple on Wednesday expanded support for closed-loop transit payments across China, incorporating China’s T-Union interoperable transit cards in its Apple Pay service. [...]

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Cubic Strikes Deal with Google to Enable Closed-Loop Transit Payments in Google Pay

In a move that could enable more large transit agencies to offer NFC mobile payments with their closed-loop transit cards, U.S.-based Cubic Transportation Systems has signed an agreement with Google to integrate contactless transit cards with Google Pay....
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