MTA and Visa Launch NYC Contactless Transit System

New York City’s Metropolitan Transit Authority has partnered with Visa to launch a tap to pay system for subways and bus fares; the partnership plans to go live May 31 with select routes and will allow consumers to use their contactless credit card, debit card or mobile wallet to pay for rides; contactless cards are becoming a trend in the U.S. with JPMorgan Chase, Wells Fargo and more launching contactless card products; “Mass transit is a really terrific use case for tap and pay: People commute 10 times a week. It gets them in the habit of using the card to tap and go,” Visa CEO Al Kelly told Bloomberg. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.