Commuting gets a little easier with transit mobile payments
Latest payments strategies brief looks at the evolution of paying for your ticket to ride
Smartphones have changed the world in innumerable ways – up to and including significantly transforming the way people use the transit system. More and more U.S. transit agencies are adding mobile payment options and related features that enhance convenience for commuters and encourage habitual use of mobile payments. A recent brief from Boston Fed payment strategies expert Elisa Tavilla examines how transit mobile payments are evolving with the convergence of fare payments, real-time travel information, complementary transportation services, and other capabilities that help commuters optimize convenience, efficiency, and cost.
Read the complete brief.