New York MTA Selects VeriFone TransitPAY for Bus Tracking Solution

The Metropolitan Transportation Authority (MTA) awarded a four-year, $6.9 million contract to VeriFone Systems, Inc., for delivery, installation, and warranty and maintenance services for 1,000 TransitPAY systems to provide real-time bus information to customers on Staten Island buses.

VeriFone, a secure electronic payments solutions company, will provide ruggedized on-bus hardware, software development, project management, installation, and warranty and maintenance services across Staten Island’s fleet of buses. The TransitPAY solution from VeriFone enables bus tracking via real-time information, with the added benefit of supporting future fare payment applications across a common “open standards” hardware platform.

TransitPAY provides real-time bus location details then wirelessly communicates to an MTA-hosted server. Bus route details are shared with riders via SMS text message, website or bus shelter display to alert riders of next bus arrival time.

Shipments of the systems will begin in August, installation will begin in October, and the system is scheduled to be operational on Staten Island buses by Jan. 1, 2012. Bus locator information will also be accessible by application developers who are developing apps for smartphones and tablet computers.

“VeriFone is thrilled to be a technology solutions partner in the MTA’s ongoing effort to modernize New York’s transit services,” said Jennifer Miles, VeriFone senior vice president – Retail, Global Security and Vertical Solutions. “VeriFone is committed to development of new mobile solutions for taxis and buses, and self-service solutions for areas like mass transit and parking.”

VeriFone’s TransitPAY is a rugged, reliable and secure solution that can transform the passenger experience and can integrate NFC smartphone-based payments and contactless smart cards. VeriFone has deployed transportation systems around the world, from Istanbul to New York City taxis, and supports both EMV and non-EMV bank-issued cards as well as closed-loop cards, such as MiFare cards.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Systems, Inc.

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