Transport for London (TfL) has struck a deal with Cubic Transportation Systems (CTS) to sell TfL’s advanced payment technology. This software integrates many forms of contactless payment into TfL’s Oyster ticketing systems. Vancouver and London use CTS’ technology as the basis for their Compass and Oyster card systems.
TfL’s software integrates bank cards, mobile phones and other contactless technologies into the Oyster payment system.
TfL and CTS have a long-running partnership, having worked together to introduce the Oyster card system in 2003 as well as working together with the UK card industry to make TfL the first public transport provider in the world to accept contactless payment cards. The contactless payment system was first launched on London’s buses in December 2012 and expanded to cover Tube and rail services in London in September 2014.
Since then, more than 500 million journeys have been made by more than 12 million unique credit and debit cards from 90 different countries, as well as using contactless-enabled mobile devices. Around one in 10 contactless transactions in the UK are made on TfL’s network, making it one of the largest contactless merchants worldwide.