The MTA will replace the Metrocard system with a contactless fare payment system in the next five years, according to a press release from the company contracted to make the changes.
Cubic Corporation today announced that its Cubic Transportation Systems (CTS) business division was selected by the New York Metropolitan Transportation Authority (MTA) to replace the iconic MetroCard with a proven, next-generation fare payment system similar to that used on the bus, Tube and rail services operated by Transport for London (TfL). The base contract award is $539.5 million with additional options worth $33.9 million. The award has been approved by the MTA's Board and is subject to contract finalization.
The new sytstem will integrate with phones, credit cards, watches, or anything with a NFC chip in it for payment. Check out this video dug up by the Staten Island Advance to see how it will work once implemented.
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