TRANSIT FARE INNOVATIONS

While its great that the cell phone option will be available soon the more mainstream innovation is for 'tap and pay' methods.

The new Ventra Card, which features two accounts – a closed-loop account for transit payments and an optional reloadable prepaid card that can be used for everyday purchases everywhere Debit MasterCard is accepted. The prepaid card is an optional feature for cardholders who choose to upgrade and use the Money Network MasterCard Prepaid Debit Card.

IL: Cubic, MasterCard and Money Network to Launch Nation’s Largest Open Transit Fare Payment System