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Pre-paid tolling to grow with emerging technology
Research report examines pre-payment methods in mass transit and tolling applications with growth expected on the back of new technology.
Examining both the metropolitan mass public transport systems as well as highway toll revenues, The “Transit and Tolls: New Tracks for Growth in Prepaid in the US” provides the results of research into the effects of new payment technologies on the growth of pre-payment as an alternative to using cash to pay per journey.
Magnetic and contactless cards both offer card top-up methods of payments as well as the emergence of mobile apps and vehicle based transponder technology for automatically triggering a deduction on held credit as a vehicle passes through a toll plaza, easing congestion and reducing waiting times for drivers.
The market for new pre-payment methods is seen by the director of a prepaid advisory group, Ben Jackson, as offering opportunities for companies despite the challenges which exist due to legacy systems still being in place. According to Ben, who is also the author of the report, prepaid transportation funds will be important for commuters with the adoption of new technology by transport payment system operators.
Covering the market in the USA, the report makes reference to technology providers and operators including E-Z Pass, GeoToll, TollTag, Minnesota MNPASS and the Utah Express Lane amongst others.
The “Transit and Tolls: New Tracks for Growth in Prepaid in the US” is available for purchase directly from Research and Markets.