‘Frankly Outrageous’: Open-Loop Pioneer Says Interchange Fees for Transit Agencies Too High, Especially in U.S.

Phone at terminal in Santa Barbara
Shashi Verma, chief technology officer for Transport for London and the driving force behind the agency’s landmark open-loop payments service, called for greater regulation of interchange rates outside of the UK and European Union to reduce fees agencies...

U.S. Agency Capital Metro Set to Replace Incumbent with Cubic in ‘Emergency Procurement;’ Some Other Vendors Raise Questions

CapMetro bus
A recent decision by Austin, Texas, transit agency Capital Metro to award a contract to Cubic Transportation Systems for a new fare system is a big win for Cubic’s Umo platform, but the award is raising some questions among industry vendors over the way...