Citi, MasterCard to Test Contactless Payments in New York City Subways
NOTE: To offer content from IndexCreditCards.com, including our weekly summary of credit card rates, Credit Card Monitor, in your publication or on your Web site, please contact syndicate@indexcreditcards[dot]com.
Citi, MasterCard to Test Contactless Payments in New York City Subways Citibank and MasterCard International announced today that they will be working with New York City’s Metropolitian Transportation Authority (MTA) to test contactless subway payments via credit card. Starting this spring, pre-selected holders of Citi credit cards equipped with MasterCard’s PayPass technology will be able to pay their fares by tapping their cards or keychain-sized payment tags in front of special card readers mounted on subway turnstiles.
The trial will last six months and not be system-wide, but will instead take place at select Lexington Avenue Line 4 5 6 stations. In addition, the riders using the PayPass feature will be pre-selected Citi customers versus all riders who hold Citi credit cards. ?Contactless payments hold the promise of simplifying fare payment for customers who travel throughout the MTA network, while also providing for operating efficiencies and cost savings,? said Metropolitan Transportation Authority Executive Director Katherine N. Lapp.
Disclaimer:The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.
This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.
Published (Modified )