Tag: mobile payments technology

Mobile payments through Pingit now accepted by bus company

The operator from the United Kingdom has announced the start of fares paid through smartphone transactions.

In the United Kingdom, a regional bus operator has now announced that it will be accepting mobile payments to let riders pay for their fares using the Barclay’s Pingit app, using their smartphones.

The bus company, First West Yorkshire, is among the first in the country to enable Pingit fares.

First West Yorkshire, has made an announcement that has revealed that it will be beginning the use of the mobile payments service in order to provide riders with an additional transaction method. The service that they have chosen is Pingit, the app that was initially introduced by Barclays back in 2012. The transportation industries in the United Kingdom have not yet broadly adopted smartphone based payments, making this local operator among the first to take that first step into this sphere.

The choice to use mobile payments was meant to be a reflection of the company’s intention to keep up with what consumers want.

Mobile Payments - BarclaysAccording to the First West Yorkshire managing director, Paul Matthews, “Our partnership with Barclays puts First at the forefront of bus ticketing technology and reflects our commitment to grasp ever more innovative ways to make bus travel better, easier and more convenient.”

Though this bus operator is among the first in the U.K. transportation industry to make this move into appealing to consumers with mobile devices, the rest of the world has been catching on at an increasing rate. Some have predicted that this will be an important trend in areas such as travel and in public transportation. Mobile check-ins, for instance, are becoming increasingly commonplace among airlines in airports.

Some cities around the world have also been piloting programs that have been testing the use of smartphone based ticketing for their bus and subway systems. Among the key challenges has been choosing technology that would be compatible with the largest number of mobile devices as there has yet to be a standard within the very young smartphone based transaction industry.

From First West Yorkshire’s point of view, the mobile payments ticketing service has been chosen to give riders a quick, easy, and convenient way to use their smartphones to purchase and store their fares.

New Yorkers may soon use mobile payments for parking tickets

The Department of Finance for the city is looking to take advantage of the ubiquity of smartphones.

The Department of Finance of New York City is now seeking to develop a mobile payments option to help to boost collections on the tickets that are issued for traffic camera and parking violations.

This could prove to be a large and successful venture, considering that enforcement agents issue 8-10 million tickets per year.

The Department of Finance (DOF) is exploring options for mobile payments for tickets for parking and traffic light violations that would give drivers the ability to use anything from debit and credit cards to Apple Pay, PayPal, or even Bitcoin based transactions. This effort is in response to a request made by the city to obtain information for the development of a system that would accelerate the process of collecting from parking tickets, which brings in approximately $600 million per year.

Using mobile payments was one of the technology channels that appears the most promising to the DOF.

Mobile Payments - Parking TicketThe brief from the department explained that “After an internal review of DOF’s current payment channels and of recent developments in contemporary payment technologies.” It also went on to say that the department feels that emerging tech could offer a way for drivers to quickly and conveniently pay their parking tickets by way of smartphone, tablet, or other forms of mobile devices.

At the moment, the parking tickets that are issued by traffic enforcement agents and NYPD officers can be processed online, through the mail, or in person. The NYC.gov online payment site is not currently mobile optimized, and using it comes with a convenience fee of 2.49 percent.

The proposal from the Department of Finance would develop a mobile payments based system that would provide a single click option. Using that tech, the tickets could be scanned or photographed in a way to be able to process it while also taking “advantage of new technologies and extended public access to government.” It will simply make it easier and faster for the recipients of these tickets to get paying them over with.