Largest open transit fare system in the US launches in Chicago

Cubic Transportation Systems, MasterCard and Money Network are to partner in a program to launch what is said to be the largest open transit fare payment system (OSFS) in the US. The Ventra card is about to make its debut with the Chicago Transit Authority (CTA) and suburban bus operator Pace, giving customers two new options to pay for train and bus rides. The Ventra card features two accounts - a closed-loop account for transit payments and an optional reloadable prepaid card that can be used for everyday
June 28, 2013 Read time: 2 mins
378 Cubic Transportation Systems, 1756 MasterCard and Money Network are to partner in a program to launch what is said to be the largest open transit fare payment system (OSFS) in the US.

The Ventra card is about to make its debut with the 1000 Chicago Transit Authority (CTA) and suburban bus operator Pace, giving customers two new options to pay for train and bus rides.

The Ventra card features two accounts - a closed-loop account for transit payments and an optional reloadable prepaid card that can be used for everyday purchases everywhere Debit MasterCard is accepted.

Chicago residents and tourists will be able to pay for train and bus rides with any MasterCard PayPass or contactless payment card currently in their wallet to tap and pay at rail station turnstiles and on buses.

"MasterCard is the world's fastest payment processing network and First Data is a global leader in payment processing and electronic commerce. They are ideal partners as we develop a world-class open fare system to serve as a model for transit agencies around the globe looking to modernise their fare payment systems," said Richard Wunderle, senior vice president and general manager for Cubic's North America operations. "MasterCard and First Data clearly demonstrated their strong commitment to public transit, and we are proud to have them on board."

"Ventra will improve the passenger experience by creating convenient connections throughout the region with the latest in contactless card technology," said Forrest Claypool, president, CTA.

For more information on companies in this article

Related Content

  • Brooklyn eyes Bogota’s BRT system
    June 17, 2016
    David Crawford considers the increased interest in bus rapid transit and looks that the latest trends. Bus rapid transit (BRT) is gaining an increasingly high profile in the US public transport agenda, for two main reasons. One is the potential for ‘trains on wheels’ to save substantially on installation costs as compared with other modes such as underground metros or light-rail transit. Another, highlighted in the case of New York City, is the value of having a rapid surface-based alternative available whe
    Read More
  • GMV to provide account-based ticketing for Cyprus buses
    November 16, 2023
    Company will build on existing smart card system on 750 vehicles
    Read More
  • Collaboration on next generation intelligent travel research
    May 11, 2012
    Cubic Transportation Systems and the Jacobs School of Engineering at the University of California San Diego (UC San Diego) have entered into a collaborative partnership to research the next generation of intelligent travel technologies for cities. Cubic will contribute US$500,000 over five years to the UC San Diego Jacobs School of Engineering to fund research done by faculty, students and Cubic Transportation Systems staff. The project aims to achieve a better understanding of the application and use of em
    Read More
  • Philippines bank combines banking and transport into one prepaid card
    August 31, 2016
    Dutch digital security specialist Gemalto is supplying the Bank of the Philippines Islands (BPI) with EMV prepaid banking and transport cards that support Manila Metro’s beep contactless ticketing system. BPI is one of the leading banks in the Philippines and the first to cater to both EMV and transport payment. The two-in-one card leverages Gemalto's Optelio technology and gives commuters greater security and convenience while increasing the transaction volume and user base for financial institutions.
    Read More

Highlighted Content