{"id":12235,"date":"2015-01-14T11:59:00","date_gmt":"2015-01-14T11:59:00","guid":{"rendered":"https:\/\/masabidev.wpengine.com\/news\/mastercard-and-masabi-set-commuters-free-from-cash\/"},"modified":"2015-01-14T11:59:00","modified_gmt":"2015-01-14T11:59:00","slug":"mastercard-and-masabi-set-commuters-free-from-cash","status":"publish","type":"post","link":"https:\/\/www.masabi.com\/es\/news\/mastercard-and-masabi-set-commuters-free-from-cash\/","title":{"rendered":"MasterCard and Masabi Set Commuters Free From Cash"},"content":{"rendered":"<div class=\"block-\"><strong>Mobile ticketing saves time, takes out hassle \u2013 first partnership deployment across Athens transit system<\/strong><\/p>\n<p>PURCHASE\/NY \u2013 LONDON\/UK \u2013 January 14th, 2015 \u2013 <a href=\"https:\/\/www.mastercard.com\/index.html\">MasterCard<\/a> (NYSE:MA) today announced a global partnership with Masabi, the leader in mobile ticketing for transit, that will set commuters and visitors free from scrambling for cash when buying tickets for the subway or bus. By combining MasterCard\u2019s payment technology with Masabi\u2019s JustRide mobile ticketing platform consumers will experience a faster and more convenient way to get around a city\u2019s transit system.<\/p>\n<p>The first city to benefit from this alliance will be the Greek capital, where Transport for Athens (TfA, formerly OASA) is switching its entire urban transit network from the current cash only system to an innovative mobile ticketing solution.<\/p>\n<p>By using Masabi\u2019s end-to-end JustRide system, 1 million daily customers can purchase and display tickets for immediate and future travel through their smart-phone, saving time and hassle. JustRide also includes validation software allowing tickets to be scanned using standard smart-phones or using gates or stand-alone validation units. As a result, Transport for Athens expects to massively reduce its cost for handling cash, enabling new investments into its infrastructure and services.<\/p>\n<p>\u201cGiven that already today more than 50% of us live in urban areas this trend brings significant challenges such as crowding and congestion to cities,\u201d said Hany Fam, President MasterCard Enterprise Partnerships. \u201cBy combining our expertise, MasterCard and Masabi are <strong><a href=\"https:\/\/www.youtube.com\/watch?v=KLCTZ5lKdv4&#038;feature=youtu.be\">removing the friction that slows down how people move around<\/a><\/strong>, while also improving quality of life in cities and helping authorities to better manage population growth and urban development.\u201d<br \/>\nMasabi is active in a number of cities including New York, London and San Diego. It first deployed JustRide with Boston\u2019s MBTA in November 2012 and has been running mobile ticketing for UK Rail since 2007. As part of today\u2019s announcement, Masabi will integrate <a href=\"https:\/\/newsroom.mastercard.com\/digital-press-kits\/what-is-masterpass\/\">MasterPass<\/a>, MasterCard\u2019s secure digital payment service, into JustRide, enabling consumers to pay for their ticket with a simple touch.<\/p>\n<p>\u201cMobile ticketing is all about making life easier for transit riders, and making payment as simple as possible is central to this experience\u201d said Brian Zanghi, CEO of Masabi. \u201cBy transforming smart-phones into vending machines, tickets can be purchased any time, any place making waiting in line a thing of the past. Athens is our first deployment working with MasterCard, and we look forward to working together to enable mobile ticketing and payments in other cities around the globe.\u201d<\/p>\n<h3>About MasterCard<\/h3>\n<p><a href=\"https:\/\/www.mastercard.com\/index.html\">MasterCard<\/a> (NYSE: MA), <a href=\"https:\/\/www.mastercard.com\">https:\/\/www.mastercard.com<\/a>, is a technology company in the global payments industry. We operate the world\u2019s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard\u2019s products and solutions make everyday commerce activities \u2013 such as shopping, traveling, running a business and managing finances \u2013 easier, more secure and more efficient for everyone.<\/p>\n<p>Follow us on Twitter <a href=\"https:\/\/twitter.com\/MasterCardNews\">@MasterCardNews<\/a>, join the discussion on the <a href=\"https:\/\/newsroom.mastercard.com\/blog\/\">Cashless Pioneers Blog<\/a> and <a href=\"https:\/\/newsroom.mastercard.com\/subscribe\/\">subscribe<\/a> for the latest news on the <a href=\"https:\/\/newsroom.mastercard.com\/\">Engagement Bureau<\/a>.<\/p>\n<h3>About Masabi<\/h3>\n<p>Masabi, is the leader in transit mobile ticketing and payments, delivering end-to-end fare payment systems that deliver significant cost savings while revolutionizing the customer experience. Masabi\u2019s JustRide system signals the end of ticket lines, lost tickets and fumbling for cash by allowing passengers to quickly and securely buy and display tickets on their mobile phones. Masabi enables transit agencies to move away from traditional, capital intensive \u201clocked-in\u201d systems, such as smartcards and costly customized ticket machines, to a flexible, open system that transforms passengers\u2019 travel experience today, with a roadmap to NFC and open payments in the future. Masabi is backed by Fontinalis Partners, m8 Capital and MMC Ventures.<\/p>\n<p>The company\u2019s scalable cloud-based technology already processes more than 110 million dollars per year, handles millions of connections per day, and is working with 22 global transit agencies and retail brands, including: Virgin Trains, First Group, Boston\u2019s MBTA, San Diego MTS as well as recently winning the contract to deliver mobile ticketing for New York\u2019s MTA. Masabi has offices in New York, Boston, and London.<\/p>\n<h3>Media Contacts:<\/h3>\n<p>Temono for Masabi<br \/>\nEd Howson<br \/>\nTel: +44 (0) 7740 173 051<br \/>\nEmail: ed.howson@temono.com<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mobile ticketing saves time, takes out hassle \u2013 first partnership deployment across Athens transit system PURCHASE\/NY \u2013 LONDON\/UK \u2013 January 14th, 2015 \u2013 MasterCard (NYSE:MA) today announced a global partnership with Masabi, the leader in mobile ticketing for transit, that will set commuters and visitors free from scrambling for cash when buying tickets for the [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-12235","post","type-post","status-publish","format-standard","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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