MTA and Visa Launch NYC Contactless Transit System

New York City’s Metropolitan Transit Authority has partnered with Visa to launch a tap to pay system for subways and bus fares; the partnership plans to go live May 31 with select routes and will allow consumers to use their contactless credit card, debit card or mobile wallet to pay for rides; contactless cards are becoming a trend in the U.S. with JPMorgan Chase, Wells Fargo and more launching contactless card products; “Mass transit is a really terrific use case for tap and pay: People commute 10 times a week. It gets them in the habit of using the card to tap and go,” Visa CEO Al Kelly told Bloomberg. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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