The Contactless Wave: A Case Study in Transit Payments
The Emerging Payments Research Group of the Federal Reserve Bank of Boston has published a new paper titled "The Contactless Wave: A Case Study in Transit Payments" 
by Nasreen Quibria, Senior Payments Industry Consultant.
From the highlights:
The contactless smart card – a credit card-sized card with an embedded antenna and computer chip (RFID tag) – is beginning to gain traction at public transit agencies. Smart cards may offer transit riders and operators some benefits over non-electronic payment methods: increased convenience, security, and flexibility; as well as reduced cash handling, maintenance, and security costs. A number of contactless payment systems are emerging in the transit industry. Is there one business model that will be preferred by consumers?
Add your comment... (note that all comments are reviewed before they're published)