13 February 2016

TfL eyes global travel card harmonisation - report

08 October 2010  |  10342 views  |  2 Barclaycard OnePulse1

Transport authorities in major global cities are considering harmonising their ticketing systems, enabling people to use contactless bank cards to pay for journeys wherever they are in the world, according to the Daily Telegraph.

Transport for London (TfL) is already planning to start accepting contactless debit and credit cards as an alternative to Oyster, although there are not yet plans to completely phase out the current system.

According to TV news show London Tonight, which has seen minutes from a TfL board meeting, the capital's buses will be equipped to accept bank cards from early 2012, with the Underground set to follow later that year.

A switch to bank cards, or mobile phones, has long been touted, with TfL floating the death of Oyster back in October 2008. Barclaycard launched a combined contactless Oyster travel and debit card, OnePulse, in 2007.

The move is designed to make travelling more convenient and save TfL money on the commission it currently has to pay Oyster operators every time one of the accounts is topped up.

Meanwhile, the Daily Telegraph claims TfL is talking to counterparts in the US, Australia and Europe on harmonising systems, which would enable travellers from London to use their bank cards to travel on the Paris Metro or New York subway.

Smart travel card to ease global travel - Telegraph


Comments: (2)

A Finextra member
A Finextra member | 08 October, 2010, 20:11

As I have posted before in "Transiting to open-loop contactless payments" http://www.finextra.com/community/fullblog.aspx?id=3952, the acceptance of open-loop contactless payment cards on mass transit could I believe significantly fuel the growth of contactless bank card payments outside transit too.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Alan Laird
Alan Laird - ADL Card Systems - London | 11 October, 2010, 09:18

Not before time - Oyster was a great product but contactless has moved on a lot since the early days in no small part encouraged by the success of Oyster.  The big question for the UK market is what will happen to ITSO as used by the bus operators and planned for the train operating companies.  Specialised back-office processes for transport are fine but the consumer front-end should use universal card payment products which today means EMV based.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

21 September, 2010
28 July, 2010
02 June, 2010
13 April, 2010
11 January, 2010
18 December, 2009
05 November, 2009
20 August, 2009
20 November, 2008
22 October, 2008
21 October, 2008
28 November, 2007
27 November, 2007
09 July, 2007
12 January, 2007
13 December, 2006

Top topics

Most viewed Most shared
UK sets out open banking API frameworkUK sets out open banking API framework
16161 views comments | 102 tweets | 91 linkedin
Deutsche Bank calls for co-operation with fintech firms on B2B servicesDeutsche Bank calls for co-operation with...
8963 views comments | 30 tweets | 30 linkedin
How to accelerate your fintech startupHow to accelerate your fintech startup
8531 views comments | 35 tweets | 9 linkedin
Is Paym a failure?Is Paym a failure?
7128 views 16 comments | 23 tweets | 16 linkedin
Visa issues API to offer consumer control over card transactionsVisa issues API to offer consumer control...
6519 views comments | 17 tweets | 28 linkedin

Featured job

Competitive Package
New York City, NY. USA

Find your next job