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Article #264Cashless was Re:Metrocard Gripe (currency)
From: Mark Elledge
Date: Thu, 13 Jun 1996 00:00
Date: Thu, 13 Jun 1996 00:00
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2042 bytes
Regarding method of payment for Metro/mass transit: The whole currency issue may be moot in a couple of years. While surfing one day I came across a blurb about a major bank's plan to test market a "Visa Cash" card for use in the Atlanta area for the Olympics and it appears that they are already on the market in that area. I sent an e-mail to the bank about when they would be using it in the DC market and their response was a couple of years. Once it gets here though, it could provide another option for the currency impaired. The farecard machines could be modified to accept them and ultimately, booths might be able to accept them directly. It is essentially a "credit card" version of the Metro ticket. The cash cards have thier own intrinsic value that is not attached to a persons account and therefore the risk of theft is limited to the value remaining on the card. Merchants would have to get new credit card readers that can update the remaining value on the cards and no call-in is required (I think). ---------------------------------------------[Mark Elledge]- If you would not be forgotten, As soon as you are dead and rotten, Either write things worth reading, Or do things worth the writing. - Benjamin Franklin ------------------------------------------------------------ elledgem@ix.netcom.com
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 112ce4,bff7d4d41bac2833 X-Google-Attributes: gid112ce4,public X-Google-Thread: 101049,ba84b781c3041450 X-Google-Attributes: gid101049,public X-Google-Thread: 10ca13,bff7d4d41bac2833 X-Google-Attributes: gid10ca13,public From: elledgem@ix.netcom.com (Mark Elledge) Subject: Cashless was Re:Metrocard Gripe (currency) Date: 1996/06/13 Message-ID: <4pnpmu$bsl@sjx-ixn3.ix.netcom.com> X-Deja-AN: 159904120 references: <4p2v2p$1b0@news4.digex.net> <4p58o5$h5n@madeline.INS.CWRU.Edu> organization: Netcom x-netcom-date: Wed Jun 12 6:08:46 PM PDT 1996 newsgroups: nyc.transit,misc.transport.urban-transit,dc.general