MasterCard

Open-loop payment specialist and mobility company will 'increase global ridership'

Singapore’s Land Transport Authority (LTA) and Mastercard are jointly launching a pilot of account-based ticketing (ABT) for public transport, by allowing the usage of contactless credit and debit cards for fare payments. Commuters holding Singapore-issued Mastercard contactless credit or debit cards can apply to join the pilot via the TransitLink ABT Portal. LTA and Mastercard hope to attract at least 100,000 commuters to participate in the pilot.

Following a request from New York City Councilman Ydanis Rodriguez to measure the impact of Car Free Day NYC held in April, Cubic Transportation Systems (CTS) and Mastercard have now published their report about transportation demand and retail impact assessment resulting from the initiative. Rodriguez organised the initiative with a strong coalition of local support towards the goal of reducing single-occupancy vehicle use and stimulating dialogue around environmental issues. The assessment leveraged

Contactless technology, the ability to tap your bank issued card or enabled mobile device to make a payment, has brought speed and simplicity to the in-store shopping experience. Doug Howe explains how innovations, like Contactless, in the mobile and banking industries have the potential to transform public transportation. Q Why is public transportation ripe for transformation? A Today, more than half the world’s population lives in cities; that’s a figure set to increase to 70% by 2050. International

As the 2016 ITS World Congress was opening its doors, hacking trio Hong Yew, Ram Kanagaratnam and Kyle Mantesso of team Geolicious were collecting the AU$10,000 first prize in the ITS 2016 Mastercard Smart Cities Hackathon. the first ITS Smart City Hack was designed to encourage collaboration and innovative thinking and was the largest event of its kind in Australia. Total prize money of AU$20,000 enticed 16 teams of Australia’s most talented developers, designers and entrepreneurs to enter the two-day e

ITS Australia has teamed up with Mastercard to present the ITS 2016 Mastercard Smart Cities Hackathon which will be staged at the ITS World Congress Melbourne. With more than $20,000 in prizes, the Smart City Hack, being held on Saturday 8 and Sunday 9 October, will bring together Australia’s most talented developers, designers and entrepreneurs to create a new wave of smart city services and solutions.

Mobile ticketing specialist Masabi has announced a US$12 million funding round with investment from leading international public transport operator Keolis, Lepe Partners, MasterCard, and existing investor MMC Ventures. According to Masabi, this latest round, including corporate partners for the first time, marks a step change in the company’s growth and speed to market. The announcement builds on strategic partnerships with MasterCard and Keolis. MasterCard and Masabi are working together to help drive

Transport for London (TfL) claims to be the fastest growing contactless Visa merchant in Europe and the UK for Mastercard and American Express just six months after it was launched on London Underground, tram, DLR, London Overground, buses and most National Rail services in London. The world leading technology is now being used by millions of customers, providing them with easier and more convenient journeys. Customers using contactless pay the same adult-rate pay as you go fare as Oyster and benefit from h

MasterCard today is to partner with Cubic Transportation Systems, combining MasterCard’s everyday payments and loyalty management expertise with Cubic’s NextCity platform to develop solutions that: Enable transportation operators to offer flexible pricing based on system demand; Provide individual travellers with real-time guidance on their mobile devices on the smartest way to travel, offering fare incentives if the system becomes congested or overcrowded; Offer retailers at and around transportation hu

A global partnership between MasterCard and mobile ticketing provider Masabi is set to combine MasterCard’s payment technology with Masabi’s JustRide mobile ticketing platform, providing consumers with a faster and more convenient way to get around a city’s transit system. Masabi will integrate MasterPass, MasterCard’s secure digital payment service, into JustRide, enabling consumers to pay for their ticket with a simple touch. The first city to benefit from this alliance will be Athens, where passe