2017 e -FARE SYSTEM PRESENTATION

Slides:



Advertisements
Similar presentations
Tucsons Seamless Regional Fare System. Smart Card System SunGO Smart Card Products Replace all Magnetics Individual, Organization, Administrative Websites.
Advertisements

Bus Collection System Subway Collection System KSCC Fare Settlement Center T-money System – Total Interoperability among Modes & Operators Boarding a BUS.
Pilot Programs, Fare Products & Transfers. Pass Development Goals/Criteria Increase ridership Increase revenue Convenient for Public Total number of pass.
1.7.2.G1 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Funded by a grant from Take Charge.
Ticketing Vending Machines Capital Metro Board of Directors Finance, Audit & Administration Committee April 13, 2016 Information Technology 1 Joe Iannello.
Teens lesson six banking services presentation slides 03/08.
{ You need your notes out. Answer the following questions as best you can in your notes based on what you already know. 1. What is the difference between.
Mobile Wallet & Its Usage
Grade 8 Mathematics FLBP Lesson 6 Credit Cards Financial Literacy Budget Project.
DEBIT CARDS. What is a Debit Card? almost instantaneously  When a consumer makes a purchase with a debit card, the funds are electronically transferred.
Pub 4012 – Pages K-16 to K-22 Pub 4491 – Lesson 31
2017 e -FARE SYSTEM PRESENTATION
Take Charge of your Finances
Lesson 5.2 Banking Services and Fees
A checking account is an account held at a bank or credit union into which account owners deposit funds.
Great Rates. Personal Service.
Teens 2 lesson six using banking services presentation slides 04/09.
AFC 2.0 Procurement Update
Tracking Your Money Standard 4. Managing a Bank Account
Paytm wallet add money offer
Take Charge of Your Finances
Check Writing.
Take Charge of Your Finances
Transportation Options in Pinellas County
Credit, Debit, and ATM Cards
Take Charge of your Finances
Financial Services Econ 10/19.
Choose Your Feud! Team 1: Rounds Won Team 2: Rounds Won Round 1
Why have a (regular) checking account?
TMW Prepaid Card Easy life ki shuruaat! SECURED BY POWERED BY
Checking Literacy Consumer Education
Banks!.
Information on Types of Electronic Banking
Banking Chapter 5 11/7/2018.
Orange County Transportation Authority Micro-Transit Pilot Program
Revenue Collection Paradigm Shift
Commuter Account Presenter Name Date.
PPWG Recommendation February 27, 2018
Choose Your Feud! Team 1: Rounds Won Team 2: Rounds Won Round 1
Banking.
17 Banking and Financial Services
Managing Farebox Ratio
The Journal and Source Documents
Teens lesson six banking services presentation slides 04/09.
City of Phoenix/Valley Metro Platinum Pass Program
Commuter Account Presenter Name Date.
Take Charge of Your Finances
using banking services
Implementing Mobile Ticketing
Choose Your Feud! Team 1: Rounds Won Team 2: Rounds Won Round 1
Teens lesson six banking services presentation slides 04/09.
Teens lesson six banking services presentation slides 04/09.
Banking Services: Savings and Payment Services
Local and global opportunities in B2B2C Payments
Teens 2 lesson six using banking services presentation slides 04/09.
Business model review CAPE TOWN December 2-7, 2018.
using banking services
Automated Fare Collection 2.0 Next Generation MBTA Fare System
Teens lesson six banking services presentation slides 04/09.
Take Charge of your Finances
AC Transit Proposed Fare Structure Revision & Pricing Changes
Teens lesson six banking services presentation slides 03/08.
Overview Welcome & Introductions MTM Overview
Viking Independent bank Mrs. sorrell
Teens lesson six banking services presentation slides 04/09.
Take Charge of Your Finances
Lesson 4.2 Banking Services and Fees
FSA Commuter Account.
Take Charge of Your Finances
Banking Services: Savings and Payment Services
Presentation transcript:

2017 e -FARE SYSTEM PRESENTATION

The Rapid e – Fare System What is it? A new way for passengers to pay their fares The best fare system for EVERY rider A tool to speed boarding at bus stops A way to eliminate the printing of 1.7 million transfers each year

e – Fare vs. Our Current System Today: Value is on the card, itself Passes store a period of time or a number of rides 31 days/ 7 days/ 1 day or 10 rides encoded on card Lost card = lost money The Future – the Electronic Fare System e – Fare is an account-based system Just like a debit card, it connects to an account via a number on the card If the card gets lost or stolen, you just get a new one that connects to the account Passengers can register their account through an online system

How will passengers pay their fare on the bus? e-fare Smart Card e-fare smart card can be purchased online, at the Rapid Central Station (RCS) Information Center, at one of 38 ticket vending machines or at a retail outlet. e-fare Mobile App Can access from the mobile app or online Apple and Android versions

What makes the new system good for you? Capped Fares With the e-fare system, you buy a pass one trip at a time – a true Pay-as-you-go system No big upfront cost – put as much as you want in your account You never pay for a trip you don’t take, which can happen with a period based pass The e-fare capped fare system will give YOU the best deal on your fare based on how much you ride. Earn a 1 day pass after riding twice (you’ve paid $3.50) in 1 day Earn a 7 day pass after riding 10 times (you’ve paid $16.00) in 7 days Earn a 31 day pass after riding 29 times (you’ve paid $47.00) in 31 days

What makes the new system good for you? For example, once you've reached the cost of a monthly pass, you can ride as if you have a 31 day pass. The same with 7 day and 1 day passes. So everyone gets the savings of a pass without the upfront cost. You account can be reloaded in many ways: With cash/credit/debit at a retail location With cash/credit/debit at The RCS Information Center Automatically by linking your online account to a debit or credit card With cash/credit/debit at a Ticket Vending Machine

Fare Categories Rider Category Current Fare Structure Proposed e-fare Fare Structure Adult Anyone No Change Reduced Fare Over 65 and people with disabilities No change Student Anyone enrolled at any educational institution (e.g. GVSU, GRPS, GRCC, Aquinas, etc.) Will change to an e-fare Partner program with e-fare cards issued by the schools Youth No youth program currently Anyone over 42” in height and age 19 or under e-fare Partner Program Unique magnetic stripe card (e.g. Spectrum Health, Grand Rapids Parking Services, GVSU, etc.) Unique partner e-fare smart cards will be used

The Rapid Fare Structure CURRENT FARE STRUCTURE PROPOSED CAPPED FARE STRUCTURE Categories Cash fare 10 Ride 31 day 7 day 1 day Adult $ 1.75 $ 13.50 $ 47.00 $ 16.00 $ 3.50 Reduced $ 0.85 $ 8.50 $ 30.00 ---- Student ----- $ 10.50 Categories Cash fare or Cap Increment 10 Ride 31 day 7 day 1 day Adult $ 1.75 ----- $ 47.00 $ 16.00 $ 3.50 Youth $ 1.25 $ 33.75 $ 11.25 $ 2.50 Reduced $ 0.85 $ 30.00 $ 10.50 $ 2.25 Partner/Student

A change in the way we think about transfers – Buying time on The Rapid, not just a ride Current System Transfers issued by bus drivers on request – delays boarding and delays the bus Transfers can currently only be used to continue a trip on a different route 1.7 million transfers are issued to riders each year – but only 1.3 million transfers are used. Paper for the transfers cost us $71,400 per year, of which $16,800 is wasted on 400,000 unused transfers. Proposed System e-fare system users will get to use any fixed route service for 90 minutes when they pay their fare – no limits on getting back on the same route Riders will, in essence, be buying the use of the system for a period of time instead of for a given trip Eventually, we will discontinue the issuance of paper transfers for cash fare riders – you’ll have to use an e-fare card or mobile app

The Rapid e – Fare System e – Fare will give YOU the lowest cost trip that You have earned – it’s FAIR and EQUITABLE e – Fare will greatly simplify the payment of fares e – Fare will speed boarding on the bus, thus decreasing the amount of time the bus sits at a stop e – Fare will phase out magnetic stripe tickets, an old technology that causes many problems on the bus e – Fare will offer YOU many different ways to pay your fare e – Fare will eventually eliminate paper transfers