Outdated faring technology can significantly affect your revenue and waste time for passengers.
The future of fare collection will evolve to completely self-service oriented models, a recent study found.
Passengers can waste up to 16 minutes and 16 seconds boarding and paying for their fare on the vehicle.
Fare evasion reported to the FTA between 2000 and 2010 more than doubled, from 53,863 in 2000 to 167,746 in 2010.
A major transit agency in the U.S. spends more than $39 million annually on its proprietary fare system.
Make transit faster, easier to use and more flexible.
Reduce the cost of cash handling, decrease dwell time on bus and improve the passenger experience with automated fare collection.
The automated fare collection market continues to grow rapidly and is expected to reach $10.87 billion U.S. by 2021.
While the market grows, transit agencies have the opportunity to choose solutions that decrease the high cost of fare collection, reduce fraud and reduce the cost of inter-operator and inter-modal ticketing.
Before, we had two full time employees who would spend three hours a day to count cash. I now send one person out, they count for about an hour a day.”
John Jones Transit Manager, Charlottesville Area Transit