The use of contactless bank cards, often referred to as contactless EMV (cEMV), to ride on public transport exploded onto the scene a few years ago. These contactless systems are unique in their ability to allow a passenger of any kind to turn up and travel using what they already have in their pocket, automatically calculating the correct fare to charge and doing so to the credit/debit card they travelled with.
This has heralded a better way to move around urban areas by freeing passengers from needing to purchase a ticket before traveling. cEMV systems make a lot of sense not just for passengers, but also for agencies who can move away from the cost of issuing paper tickets and their own plastic cards.
There is no need to get a ticket before traveling which is great for first time users and breaks down one of the main barriers to accessing public transport.
Contactless EMV follows Masabi’s Bring Your Own Ticket (BYOT) philosophy meaning agencies no longer need to issue paper or plastic ticket (or not as many) saving money.
Simply tapping and riding makes using public transport much more convenient and enables a seamless experience without needing to know the exact route or worrying about overspending, thank to fare capping.
First of all let’s start with the basics, What is EMV? EMV is a technical payments standard that ensures chip-based payment cards and terminals are compatible (can communicate with each other) around the globe. EMV literally stands for Europay, Mastercard and Visa, the three companies that developed the specifications for the standard. The EMV standard is currently managed by EMVCo LLC and is equally owned by American Express, JCB, Mastercard and Visa. In this blog post we look at the use of contactless bank card in public transport and the three main ticketing models in use.