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Transit applications can take Payments from here to a Trillion Dollar industry Globally

Unattended payment situations are asking for innovation. Mobile/Tags/Devices based electronic transit payments can do a lot to address this opportunity.

This alone can be the biggest driver of revenues for suppliers and cost reduction, process optimization for transport, toll and transit authorities. Some examples below:

1) I have always appreciated the toll electronic payment innovation. e.g., FasTrak – the Electronic Toll Collection system (ETC) used in the state of California. FasTrak eliminates the need for cars to stop to pay at toll booths and helps reduce the traffic jams associated with toll roads.

2) Parking and transportation ticketing equipment supplier I ...

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