An open payment system update requires only these three elements:
- Validation devices
Passengers tap their credit or debit card at EMV-certified validators and fare gates to pay for their ride. Payments are processed according to the highest security standards defined by Payment Card Industry (PCI).
- Back-office system
The central back-office system can do more than just apply a fare for a trip. It can, if you want it to, calculate the optimal fare for each passenger, transforming their series of taps into journeys, applying not just any fare but the fare that best benefits that passenger and only then aggregate this into a single payment request. - Inspection devices
EMV- and PCI-certified inspection devices are essential to verify if credit or debit cards were tapped when passengers started their journey.
An open payment system is built upon account-based ticketing technology and places you in the perfect position to migrate to a full-service account-based fare collection system in the future.
Reach out to learn how to introduce open payment.
In the next part of our ‘Let’s talk about open payment’ series you’ll learn how to speak open payment like a pro. Stay tuned!
