Project Database
Project Search » Electronic Payment Services » Project Database Details
  
TITLEPrototype Development and Feasibility Test of a Contactless Bankcard for all Fare and Toll Micro Payments

PROJECT CODE13a-6A

COMMITTEEElectronic Payment Services

YEAR FUNDEDYear 13 - FY 2005

Year 13 Budget:$250,000

STATUSCanceled

DESCRIPTION

This project will validate the premise that standard bankcard payment technology (i.e., credit or debit cards) can be joined with contactless smart card technology and used to make all types of fare payments in a mass transit system, including payment for a single ride journey.


CONTACTS

Procurement Agency: None
Project Contact: Bill Stoeckert, I-95 Corridor Coalition

 

TITLEPrototype Development and Feasibility Test of a Contactless Bankcard for all Fare and Toll Micro Payments

PROJECT CODE13a-6A

PROJECT DATES
Project Start: N/A
Expected Completion: N/A

Year 13 Budget:$250,000

OBJECTIVES
  1. Confirm and quantify the market value of toll and transit micropayment functionality using a bankcard.
  2. Demonstrate proof-of-concept system for bankcard micro payments.

SCOPE

The prototype will test the feasibility and intends to validate the benefits for the patron, the transit and toll agencies and the financial institutions. The Port Authority and its partner agencies in the New York/ New Jersey region will monitor the prototype including the Metropolitan Transportation Authority, New York City Transit, New Jersey Transit, the New York State Thruway Authority, and the New Jersey Turnpike Authority. Additional interested agencies are welcome to share in the results and conclusions.


REPORTS

 


END OF PROJECT SUMMARY

 


ACTIONS

No data


FINAL PROJECT EXPENDITURES

This project was not funded by the I-95 Corridor Coalition.  The Year 13 funding for this project was taken back by FHWA.