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Electronic Payment & Pricing > Transit Fare Payment
Electronic transit fare payment systems, often enabled by smart card or magnetic stripe technologies, can provide increased convenience to customers and generate significant cost savings to transportation agencies by increasing the efficiency of money handling processes and improving administrative controls.
Plan for greater time and project complexity than expected.(4/14/2006)
Anticipate challenges in planning and deploying smart card technology in a rural environment.(9/1/2005)
Bus speeds increase by 29 mph after High Occupancy Toll conversion and opening of Priced Dynamic Shoulder Lanes. (January 4, 2013)
Smart card technology reduces fare collection transaction time by more than 30 percent.(March 2010)
Proof-of-payment systems that use ticket vending/validating machines can reduce boarding times by up to 38 percent.(August 2004)
Impacts of Transit Fare Policy Initiatives Under an Automated Fare System(Summer 2000)
Smart card electronic payment systems can increase ridership, decrease fare evasion, and reduce administrative costs.(November 1995)
Transit AVL can improve O&M and reduce operating expenses.(November 1995)
In Manchester, UK, transit smart cards that improve data accuracy and reduce data collection costs saved $1.5 million.(September 1995)
Conversion to card-based electronic payment system for small transit agency costs $380,800.(March 2010)
Deployment of an Advanced Public Transit System (APTS) for a mid-size transit system costs $150,000.(July 2009)
Capital costs to implement ITS fare collection systems for bus rapid transit (BRT) ranged from $2 million to $6 million.(February 2009)
The projected operating costs for a regional smartcard financial clearing center totaled less than $4 million per year.(6 February 2007)
Driver assist and automation systems can substantially increase the cost of a new bus.(2007)
The cost to implement the ICTransit Card system was estimated at $635,700. (9/1/2005)
TMC central hardware costs can exceed $200,000 if regional communications and system integration are required.(5 August 2004)
The cost to develop the Central Puget Sound Regional Fare Coordination Project was estimated at $42.1 million. (29 April 2003)
Electronic fare payment was implemented on 109 buses operated by the Ventura County Transportation Commission for $1.7 million.(13 December 2002)
Mobile Data Terminal - Fixed Route Service - Capital cost/unit - $1747(July 2009)
Electronic Farebox (with smart card reader) - Capital cost/unit - $6000(February 2009)
Magnetic Farecard Processing Unit (upgrade) - Capital cost/unit - $6000(February 2009)
Validating Farebox (includes magnetic card processing unit) - Capital cost/unit - $6000(February 2009)
Electronic Registering Farebox - Capital cost/unit - $6000(February 2009)
Smart Card Processing Unit - Capital cost/unit - $6000(February 2009)
Magnetic Farecard Processing Unit (upgrade) - Capital cost/unit - $6000(February 2009)
Automated passenger counter (APC) system software - Capital cost/unit - $6000(February 2009)
Smart card - Capital cost/unit - $6000(February 2009)
Automated passenger counter (APC) on-board unit - Capital cost/unit - $6000(February 2009)
Electronic Registering Farebox - Capital cost/unit - $6000(February 2009)
Electronic Farebox (with smart card reader) - Capital cost/unit - $6000(February 2009)
Smart Card Processing Unit - Capital cost/unit - $6000(February 2009)
Automated passenger counter (APC) system software - Capital cost/unit - $6000(February 2009)
Smart Card Processing Unit - Capital cost/unit - $6000(February 2009)
Validating Farebox (includes magnetic card processing unit) - Capital cost/unit - $6000(February 2009)
Smart Card Processing Unit - Capital cost/unit - $6000(February 2009)
Validating Farebox (includes magnetic card processing unit) - Capital cost/unit - $6000(February 2009)
Automated passenger counter (APC) on-board unit - Capital cost/unit - $6000(February 2009)
Automated passenger counter (APC) Interface to AVL - Capital cost/unit - $6000(February 2009)
Magnetic Farecard Processing Unit (upgrade) - Capital cost/unit - $6000(February 2009)
Magnetic Farecard Processing Unit (upgrade) - Capital cost/unit - $6000(February 2009)
Electronic Registering Farebox - Capital cost/unit - $6000(February 2009)
Automated passenger counter (APC) Interface to AVL - Capital cost/unit - $6000(February 2009)
Validating Farebox (with smart card reader) - Capital cost/unit - $6000(February 2009)
Electronic Registering Farebox - Capital cost/unit - $6000(February 2009)
Validating Farebox (with smart card reader) - Capital cost/unit - $6000(February 2009)
Electronic Registering Farebox (with smart card reader) - Capital cost/unit - $6000(February 2009)
Validating Farebox (with smart card reader) - Capital cost/unit - $6000(February 2009)
Smart card - Capital cost/unit - $6000(February 2009)
Validating Farebox (with smart card reader) - Capital cost/unit - $6000(February 2009)
Electronic Registering Farebox (with smart card reader) - Capital cost/unit - $6000(February 2009)
Validating Farebox (includes magnetic card processing unit) - Capital cost/unit - $6000(February 2009)
Electronic Fare Payment (EFP) System - Capital cost/unit - $12300(5 August 2004)
Electronic Card Fare Payment System - Capital cost/unit - $550000(March 2003)