TTC looks into cashless pay system
The TTC has just dropped another huge wad of cash hired a New York consulting firm to look into developing a pay-as-you-go system for Toronto riders.
KMA Group, the firm awarded the $1.3 million contract, has been studying the TTC's fare system for the past 16 months. It will examine the possibility of belatedly mimicking creating a new payment system whereby riders can pay their fare by tapping a credit card onto an electronic reader.
TTC chair Adam Giambrone said the program could work in conjunction with the Presto smartcard already in use by some GTA transit systems.
Good move. My prediction? KMA will reveal that a credit card payment system will cut down on unexpected production costs, counterfeiting, and labour expenses. I guess common sense costs $1.3 million these days.
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