Consumer Trial of Contactless Payments in NYC Subway Stations

MasterCard and Citi Conduct Consumer Trial of Contactless Payments with MTA in Select NYC Subway Stations; Fast, Convenient 'Contactless' Payments to Provide Trial Participants More Time to Reach Their Destinations - Jan 30, 2006 09:00 AM (BusinessWire)

PURCHASE, N.Y.--(BUSINESS WIRE)--Jan. 30, 2006--MasterCard International and Citi today announced that they will be working with the Metropolitan Transportation Authority and MTA New York City Transit to conduct a trial of contactless payments in select New York City subway stations with pre-selected Citi customers. The trial is scheduled to begin in the Spring of 2006 and is expected to last approximately six months.

Contactless payments offer consumers a fast and convenient way to pay. Using contactless payment technology, powered by MasterCard(R) PayPass(TM), participants in the subway trial will be able to pay for their fare at the point of entry by simply tapping their new Citi(R) MasterCard(R) card or payment tag on a specially equipped reader mounted on a subway turnstile. These specially equipped readers will feature a graphic that is unique to the trial, so that participants will know which turnstiles accept their cards or tags. These cards and payment tags will also be useable at any MasterCard PayPass merchant location. The payment tag conveniently fits on any key chain, and both the tag and card allow for everyday small purchases to be completed quickly, securely and easily, without needing to fumble for cash and coins.

The trial will take place at select Lexington Avenue Line 4 5 6 stations. During the trial, participating customers will have the pay-per-ride option, including the 20% bonus, available to them. No passes or transfers to buses will be available.

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Monty Solomon
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