1 / 10

Open Payments Revenue Collection Paradigm Shift Carl Commons APTA Fare Collection March 19, 2013

Open Payments Revenue Collection Paradigm Shift Carl Commons APTA Fare Collection March 19, 2013. Traditional Fare Collection. Payments in Advance of Riding At the Door At a Vending Machine With Tokens With a Pre-Paid Pass Closed Loop Cards Mobile Tickets. Open Payments .

ashlyn
Download Presentation

Open Payments Revenue Collection Paradigm Shift Carl Commons APTA Fare Collection March 19, 2013

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Open Payments Revenue Collection Paradigm Shift Carl Commons APTA Fare Collection March 19, 2013

  2. Traditional Fare Collection Payments in Advance of Riding • At the Door • At a Vending Machine • With Tokens • With a Pre-Paid Pass • Closed Loop Cards • Mobile Tickets

  3. Open Payments Open Payments Changes That • At the Door or Gate – Authorization Time • Distance Based Fares – After the Trip • Best Fare Guarantees – End of Day • Aggregation of Fares – End of Day

  4. Open Payments What is the cost of waiting? • Risk that authorization will fail • “Float” the rider’s fare Biggest Risk is Giving One Ride

  5. Open Payments Ways to Minimize the Costs and Risks • Check a Hot List • Check a Cold List

  6. Open Payments How do you get more on the Cold List? • Provide incentives to get multi-trip or timed passes • “Mid-term” passes especially important • Encourage subscription of accounts for auto loading of fares

  7. Open Payments Purchasing multiple fare types on-board or at a fare machine • Touch Screen Proximity Card Validator • Provide more choices than Adult, Child, Reduced Fare, etc.

  8. Open Payments Purchasing multiple fare types on-board or at a fare machine • Creation of a “Warm” List of Cards • Possible to Default Last Fare Purchased • Give Riders Choices

  9. Open Payments Take Focus off Single Ride Fares • Open Payments provide much more flexibility • Risk is still limited to a single ride

  10. Thank You For Your Attention Carl Commons ccommons@initusa.com 757-413-9100 x331

More Related