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Title:

Modeling Transit Rider Preferences for Contactless Bank Cards as Fare Media: Transport for London and the Chicago, Illinois, Transit Authority

Accession Number:

01334201

Record Type:

Component

Availability:

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Washington, DC 20001 United States
Order URL: http://www.trb.org/Main/Blurbs/166626.aspx

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Order URL: http://worldcat.org/isbn/9780309167659

Abstract:

Several transit agencies are considering the acceptance of contactless credit and debit cards directly at turnstiles and bus fareboxes. With the expertise and scale economies of the payments industry, agencies may reduce fare collection costs and improve regional interoperability and ease of use. Given these possible advantages, transit agencies want to understand rider demand for this new fare medium. Transit rider preferences for contactless bank cards were evaluated at two major public transit agencies, Transport for London and the Chicago Transit Authority in Illinois. Stated preference survey results from both transit agencies were analyzed, and discrete choice models for fare medium preference were used to assess factors influencing the demand for contactless bank cards. The results showed that approximately 33% of riders in London and 36% of riders in Chicago preferred contactless bank cards over current fare media. Although trends in ridership groups were not strong, a few key factors influenced the choice of fare medium. Riders at both transit agencies who had credit or debit cards tended to prefer contactless bank cards; likewise, younger riders showed a preference for contactless bank cards in both London and Chicago. The results appeared to align with sociology models for consumer adoption of new technologies.

Monograph Title:

Transit 2011, Volume 1

Monograph Accession #:

01361754

Report/Paper Numbers:

11-0315

Language:

English

Authors:

Brakewood, Candace
Kocur, George

Pagination:

pp 100-107

Publication Date:

2011

Serial:

Transportation Research Record: Journal of the Transportation Research Board

Issue Number: 2216
Publisher: Transportation Research Board
ISSN: 0361-1981

ISBN:

9780309167659

Media Type:

Print

Features:

Figures (2) ; References (34) ; Tables (6)

Uncontrolled Terms:

Subject Areas:

Finance; Planning and Forecasting; Public Transportation; I72: Traffic and Transport Planning

Files:

TRIS, TRB, ATRI

Created Date:

Feb 17 2011 5:23PM

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