STATEN ISLAND, N.Y. — The Metropolitan Transportation Authority (MTA) on Wednesday chose the new payment system to replace the iconic MetroCard, after a committee approved an initial contract for a new payment system earlier this week.
The MTA board voted to approve Cubic Transportation Systems (CTS), based in California, to be awarded the contract for the next generation of fare payment for the MTA.
“Today’s vote is a tremendous win for New Yorkers, paving the way for flexible payment options, a streamlined trip through the region’s public transit, and updated equipment that will help save money in operating costs. Together with Cubic, we look forward to building the MTA of tomorrow,” said Joseph J. Lhota, chairman of the MTA.
The base contract award is $539.5 million, with additional options worth $33.9 million. The contract is subject to finalization.
Watch the video above, provided by CTS, to see how the new payment system will work.
Here are they things to know:
The new system will allow customers to create personalized transit accounts to see ride history, check balances, add value as well as report lost or stolen cards to protect their funds.
Riders will have the option of using various payment media, such as credit and debit cards and mobile devices at the bus or turnstile, instead of purchasing and adding value to a separate fare card.
For those customers without a bank card or who prefer not to use one, a contactless card option will still be available with the same account management convenience features.
Mobile phones can also be used like ticket vending machines to check account balances and recharge fare accounts anywhere.
Equipment will include fare validators and new configurable ticket vending machines in the MTA’s 472 subway stations and 6,000 buses.
Officials say the plan is to fully retire the MetroCard by 2023. New York’s transit system customers will still be able to use MetroCards during the transition.
“We are extremely pleased with being awarded this contract, which reinforces Cubic’s position as the industry leader in advanced transportation payment and information solutions” said Brad Feldmann, president and chief executive officer of Cubic Corporation, the parent company of CTS.