Article: Chicago To Seek Request For Proposal For Open-Loop Contactless Fare Cards.(Debit News)

Byline: Frederick H. Lowe

A plan by the Chicago Transit Authority for an open-loop, contactless card consumers could use for paying both transit fares and retail payments could help broaden acceptance of contactless payments, observers say.

The authority, which operates the nation's second-largest public transit system based on annual ridership, says in the next few days it will issue a request for the proposal that calls for development of an open-loop, contactless debit or credit card. In addition, the request calls for development of a reloadable open-loop contactless prepaid debit card, the CTA says.

The authority already offers the Chicago ...

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