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VeriFone wins contract from Metropolitan Transportation Authority of New YorkDec 10, 2012 (Datamonitor via COMTEX) -- VeriFone Systems, Inc., has received a $8.5 million contract from the Metropolitan Transportation Authority, or MTA, of New York to install and service its open-architecture vehicle tracking TransitPAY system on buses serving the Bronx. The contract was signed in September 2012 and installations were completed in October 2012. The Bronx contract award follows a similar contract in 2011 for the Staten Island fleet component of the MTA Bus Time system. MTA Bus Time uses VeriFone on-board systems to generate location data that is communicated wirelessly to the Bus Time server that passengers can access for real-time information. Passengers can use computers, cell phones, smartphones or other devices from home, the office, while out shopping or dining, to get information about when the next bus will arrive at a stop. "Our continued success in providing transit solutions to the MTA is a further validation of VeriFone's strategy to extend our technology to new market opportunities," said Jennifer Miles, VeriFone executive vice president, North America. "We have integrated control units, wireless modems and GPS tracking for improved fleet management with integrated solutions that are ready for automated payments capabilities such as NFC and EMV." 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 communicated wirelessly to an MTA-hosted server. Bus route details are shared with riders via SMS text message and website updates to alert riders of next bus arrival time. 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. http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon |