Mastercard Brings Transit Into The Fast Lane To Speed Daily Commutes

Expands partnership with 20 cities in the United States to Digitize Transit Passes and Power Contactless Payments
 NEW YORK, N.Y. – March 22, 2019 – Anyone rushing to catch the train, bus or subway knows that every second counts and Mastercard plans to make transit payments as simple as a flick of the wrist. The company today announced that new transit solutions are expected to be live in more than 20 cities in the United States within the next few years.
From mobile ticketing to digitizing commuter cards and enabling contactless payments, Mastercard has already embedded its technology in 16 metro areas including Los Angeles, Boston and Denver to make getting from Point A to Point B as simple as buying a morning cup of coffee.
Later this year, New York City will begin to open up ‘tap-and-go” payments on its subway and bus systems. At the core of the contactless transformation of the future will be Mastercard’s global M-Chip technology and tokenization services to support MTA-issued contactless cards and tokens for digital wallets. These capabilities will help store the MTA-issued card on a digital device without exposing important details and enable terminals to accept open loop and MTA-issued contactless cards — making the commuter experience safe, simple and secure. Mastercard is working with Cubic Transportation Systems to enable daily commuters and visitors of New York City to tap and go around the City.
“Transit is an important catalyst for quick and broad adoption of contactless, said Linda Kirkpatrick, executive vice president, US Merchants and Acceptance, Mastercard. “There

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