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New York public transportation system may implement mobile payments process

January 14, 2014

Many businesses have spent the past months reaping the benefits of mobile credit card payment processing terminals.

Many businesses have spent the past months reaping the benefits of mobile credit card payment processing terminals. Now, a major organization within the public sector is aiming to implement the practice.

Fast Company recently noted that the New York MTA plans to replace its current payment cards sometime in the next five years. Spokesman Kevin Ortiz told the news outlet that the firm is currently considering implementing the use of either contactless payment cards or mobile-based payment processing applications. 

“MetroCards is a system that is reaching the end of its useful life,” Ortiz told Fast Company. “Its equipment is on the verge of becoming obsolete.”

The MTA reported to Fast Company, via Ortiz, that it hopes the change in payments strategies will allow it to simultaneously cut down on costs and improve consumer convenience. 

The MTA isn’t the only public sector organization aiming to make advances in the electronic payments market. A local Fox affiliate recently reported that citizens of Forsyth County, N.C. can now pay their fines and court costs using their credit cards. 

“Most people have debit cards and credit cards,” Susan Frye, clerk of court for the County, told the news outlet. “It’s also a convenience for the court system.”

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