dcsimg

Chicago Transit Prepares to Accept Credit Cards on City Buses

By , CardRatings contributor
  • Google +
  • Twitter
  • Facebook
Chicago Transit Prepares to Accept Credit Cards on City Buses

Chicago transit officials joined their peers from New York in a quest to replace coins with credit cards on city-operated trains and buses. The Chicago Tribune reported the Chicago Transit Authority's decision to pilot multiple credit card acceptance technologies after studying potential cost savings and ridership improvements from the move.

According to the CTA's research, a cash transaction on a typical bus route requires 25 seconds. Those seconds can turn into minutes if even a handful of riders at a busy stop decide to pay with paper money. Alternatively, a credit card swipe transaction takes about two seconds, while the contactless credit card solutions currently being piloted in New York require only about a third of a second.

Even though about one in twenty Chicago transit riders pay with cash, those transactions can result in delayed routes and missed connections. CTA officials announced plans to request proposals from competing companies to launch a pilot payment program like those in other cities. Proponents of the plan believe that accepting credit cards on trains and buses can help Chicagoans get to work on time more often, while making the Windy City more tourist-friendly.

0 Responses to "Chicago Transit Prepares to Accept Credit Cards on City Buses"

No Comments

Leave a Comment
 
 
 
About Our Ratings ×

Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. Ratings vary by category, and the same card may receive a certain number of stars in one category and a higher or lower number in another.

The ratings are the expert opinion of our editors, and not influenced by any remuneration this site may receive from card issuers.

Advertisers in our database are highlighted, and advertisements include an option to apply using links on our site. CardRatings.com may be compensated by companies mentioned on the site when a user's application is accepted or approved by such companies.

How do your cards stack up?

Compare your card starting here

NEXT »

Featured Partner Cards

loading