Mastercard Gets Miami Commuters Tapping on Public Transit
August 21 2019 - 2:00PM
Business Wire
Tap-and-go transit payments is creating an
inflection point for contactless payments in the United States
Mastercard today announced its partnership with transportation
solutions provider Cubic Transportation Systems, and Miami-Dade
County Department of Transportation and Public Works (DTPW) to
enable tap-and-go payments at Miami’s Metrorail stations. This
service is expected to expand to the Metrobus service later this
year, and will benefit millions of travelers who typically use the
public transit system in the city.
“My administration has been clearly focused on incorporating
innovative technologies to make public transportation both
hassle-free and appealing,” said Miami-Dade County Mayor Carlos A.
Gimenez. “The launch of contactless payment for our transit riders
marks a great step forward for Miami-Dade County.”
In addition to partnering with DTPW to upgrade its ticketing
technology, Mastercard is working with the agency to evaluate how
transit tap-and-go payments can facilitate seamless integration
with ride share services. The goal of this partnership is to
optimize connections to and from train stations and bus stops.
“We strive to make it easier to use transit. Now, you can tap
your phone or card and go! Tapping to pay with a
contactless-enabled bank card or digital wallet meets the high
consumer expectations in today’s age of convenience,” said DTPW
Director Alice N. Bravo, P.E.
The launch of contactless payments in Miami builds off the work
Mastercard is doing to transform transit ticketing in more than 20
U.S. cities.
“Transit is serving as an important catalyst to drive the use of
contactless payments in the U.S.,” said Linda Kirkpatrick,
executive vice president, U.S. Merchants and Acceptance,
Mastercard. “When commuters use contactless payments for transit,
there’s a halo effect on nearby contactless-enabled merchants,
especially coffee shops, grocery stores and pharmacies.
Mastercard's long-standing support and investment in transit
solutions makes it uniquely positioned to drive this
transformation.”
According to Mastercard, contactless payments momentum in the
U.S. is reaching a tipping point. Sixty percent of US Mastercard
volume occurs at contactless-enabled merchants. In New York City,
where the MTA enabled contactless payments in the subway, the
company has seen contactless volume grow at a record pace.
Consumers are now leveraging contactless more for their everyday
purchases, completely transforming the speed and efficiency of the
payment experience.
About Mastercard:
Mastercard (NYSE: MA), www.mastercard.com, is a technology
company in the global payments industry. Our global payments
processing network connects consumers, financial institutions,
merchants, governments and businesses in more than 210 countries
and territories. Mastercard products and solutions make everyday
commerce activities – such as shopping, traveling, running a
business and managing finances – easier, more secure and more
efficient for everyone. Follow us on Twitter @MastercardNews, join
the discussion on the Beyond the Transaction Blog and subscribe for
the latest news on the Engagement Bureau.
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version on businesswire.com: https://www.businesswire.com/news/home/20190821005642/en/
Mastercard Communications:
Chaiti Sen Email: chaiti.sen@mastercard.com Tel:
914.263.6542
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