News Press

A New Era in NYC: Tap-to-Pay Comes to the Subway

May 31, 2019

SOURCE

Cheddar
Tanaya Macheel

Nearly 30 years ago, New York’s subway turnstiles began a transition from tokens to MetroCards ー what was then a cutting-edge technology for payment and fare collection. Now, in a sign of the times, the country’s oldest subway system is about to once again transition to a new form of fare payments for an increasingly cashless world.

The financial services industry is touting the New York City subway’s tap-to-pay pilot as the dawn of a new era, but the MetroCard isn’t going away yet, and for many commuters the benefits won’t take effect for some time.