9/21/2010

Visa tests smartphone payments in mass transit

Filed under: — By Aviran Mordo @ 2:09 pm

Visa Inc is participating in a test program started by rival MasterCard Inc that will let consumers pay for some New York subway tickets by tapping a credit card or a smartphone at the turnstile.

MasterCard said in June that it was working with New York and New Jersey mass transit agencies on a six-month pilot program to test “contactless” payments on certain commuter routes.

The program allows consumers to buy a subway, bus or train ticket by tapping or waving their credit or debit card, or a sticker attached to the back of their phone, over a turnstile electronic reader, instead of buying a separate ticket.

 

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