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Re: NJT's New fare collection system {UPDATE}

Posted by brightonr68 on Mon Nov 2 15:18:09 2009, in response to Re: NJT's New fare collection system {UPDATE}, posted by JAzumah on Mon Nov 2 03:36:19 2009.

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"Revenue sharing is a brutal process. The fees for the MTA to process MetroCard revenue for non-MTA carriers is substantial. How can revenue sharing be done without losing 5%-10% of the fare in transaction costs?"

Transaction costs for a customer as large as NYCT for credit card will be lower. Consider the current transaction costs the MTA is incurring in the form of the cost of useless station agents and the cost to install, maintain and service the MVM's. The swipe and go credit card solution is the way to go

I seem to remember that the original plan for metrocard was for it to be administered by chase. the union of course block that at the cost of riders and taxpayers in the tens of hundreds of millions of dollars.

As for people who do not have credit cards or debit cards, refillable debit cards can be issued. I have a debit card from chase for my transit benefit account. they charge me 90 cents a month. A small amount compared to how much I save each month

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