Multiagency Electronic Fare Payment Systems (2017) / Chapter Skim
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8 The transit industry is undergoing a disruptive change in how fare payment systems are structured. Although transit providers still accept cash, as banking and commerce trends are showing (Federal Reserve 2014)
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9 costs and revenues for each participant? What is the nature of financial arrangements among the participants?
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10 2002 FIGURE 1 Multiagency electronic fare payment system and smart card deployment timeline. Source: Paula Okunieff, graphics produced by Sharp & Co.
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11 fare structures. In TCRP Report 10, the numerous benefits of adopting electronic payment technologies were clearly articulated: • Improved flexibility -- the ability to modify fare structures.
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12 problems and increases costs of integration, and "may even prevent post-deployment regionalinteroperability efforts." NEXT GENERATION MULTIAGENCY ELECTRONIC FARE PAYMENT SYSTEMS Next-generation payment systems are developed using open architecture and open specifications. The systems are less dependent on a smart card, instead relying on the "back office" where the customer's account, payment method, stored value, profile, and preferences are stored.
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13 Traditional Transit Modes Based on survey results, respondents support a wide variety of modes, as shown in Figure 3. The majority of the fare payment systems that responded to the survey support local (95%)
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14 Non-Traditional Partners Included in Fare System Survey respondents were asked whether they integrate the multiagency EFPS with multiple program elements, specifically non-traditional mobility services partners such as parking, electronic fee collection for toll roads and bridges; or emerging on-demand partners such as bike-sharing, ridesharing, ridesourcing, or other "disruptive" mobility service providers. Eight multiagency EFPS programs reported their customers can use fare media with non-traditional partners.
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15 identification that links to the customer account. The fare calculations and transactions are processed in the back office, thereby reducing reliance on field equipment.
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