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Pay As You Go (transport)
Pay as you go, or PAYG, in the context of public transport, refers to a method of fare collection where the fare is only charged at or after usage, depending on the actual usage, instead of buying a ticket in advance. In such a case, the payment method itself, when validated, is the proof-of-payment, with the actual journey detail not yet known. How it works When using pay as you go, it is not necessary to buy a ticket. Instead, the passenger simply taps their travel pass on and off, and the system will automatically charge the correct amount, without needing an actual physical ticket. History Pay as you go ticketing has become possible since the existence of automated fare collection. Fares can be charged automatically from ticket barriers, instead of the earlier form of ticketing, where a prospective passenger must visit a ticket office to buy a ticket, which is valid for a number of specified rides on a specific network / route, or buy a ticket from the conductor on boar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Transport
Public transport (also known as public transit, mass transit, or simply transit) are forms of transport available to the general public. It typically uses a fixed schedule, route and charges a fixed fare. There is no rigid definition of which kinds of transport are included, and air travel is often not thought of when discussing public transport—dictionaries use wording like "buses, trains, etc." Examples of public transport include Public transport bus service, city buses, trolleybuses, trams (or light rail) and Passenger rail transport, passenger trains, rapid transit (metro/subway/underground, etc.) and ferry, ferries. Public transport between cities is dominated by airlines, intercity bus service, coaches, and intercity rail. High-speed rail networks are being developed in many parts of the world. Most public transport systems run along fixed routes with set embarkation/disembarkation points to a prearranged timetable, with the most frequent services running to a headwa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oyster Card
The Oyster card is a Payment#Types_and_methods_of_payment, payment method for public transport in London and some surrounding areas. A standard Oyster card is a blue ISO/IEC 7810, credit-card-sized Stored-value card, stored-value contactless smart card. It is promoted by Transport for London (TfL) and can be used as part of London's integrated transport network on travel modes including London Buses, London Underground, the Docklands Light Railway (DLR), London Overground, Tramlink, some London River Services, river boat services, and most National Rail services within the London fare zones. Since its introduction in June 2003, more than 86 million cards have been used. Oyster cards can hold period tickets, travel permits and, most commonly, credit for travel ("Pay as you go"), which must be added to the card before travel. Passengers touch it on an electronic reader when entering, and in some cases when leaving, the transport system in order to validate it, and where rel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Card
A bank card is typically a plastic card issued by a bank to its clients that performs one or more of a number of services that relate to giving the client access to a bank account. Physically, a bank card will usually have the client's name, the issuer's name, and a unique card number printed on it. It will have a magnetic strip on the back enabling various machines to read and access information. Depending on the issuing bank and the preferences of the client, this may allow the card to be used as an ATM card, enabling transactions at automated teller machines; or as a debit card, linked to the client's bank account and able to be used for making purchases at the point of sale with a bank card using a payment terminal. Later, in 2010s, smart card technology was adopted for bank card. The first bank cards were ATM cards issued by Barclays in London, in 1967, and by Chemical Bank in Long Island, New York (state), New York, in 1969. In 1972, Lloyds Bank issued the first bank card ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contactless Smart Card
A contactless smart card is a contactless credential whose dimensions are credit card size. Its embedded integrated circuits can store (and sometimes process) data and communicate with a terminal via NFC. Commonplace uses include transit tickets, bank cards and passports. There are two broad categories of contactless smart cards. Memory cards contain non-volatile memory storage components, and perhaps some specific security logic. Contactless smart cards contain read-only RFID called CSN (Card Serial Number) or UID, and a re-writeable smart card microchip that can be transcribed via radio waves. Overview A contactless smart card is characterized as follows: *Dimensions are normally credit card size. The ID-1 of ISO/IEC 7810 standard defines them as 85.60 × 53.98 × 0.76 mm (3.370 × 2.125 × 0.030 in). *Contains a security system with tamper-resistant properties (e.g. a secure cryptoprocessor, secure file system, human-readable features) and is capable of providi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OV-chipkaart
The OV-chipkaart (, short for ''openbaar vervoer chipkaart'' , meaning ''public transport chipcard'') is a contactless smart card and integrated ticketing system used for all public transport in the Netherlands. First introduced in the Rotterdam Metro in April 2005, it has subsequently been rolled out to other areas and travel modes. It fully replaced the national strippenkaart system for buses, trams, and metro trains in 2011, and the paper ticket system for rail travel in July 2014. The OV-chipkaart is available in disposable form (for occasional passengers, such as tourists) and reusable versions (for frequent travellers, either in anonymous or personalised forms). History and coverage The OV-chipkaart is a collaborative initiative of five large public transport operators in the Netherlands: the main rail operator NS, the bus operator Connexxion and the municipal transport operators of the three largest cities: GVB (Amsterdam), HTM (The Hague) and RET (Rotterdam), thou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stored Value Card
A stored-value card (SVC) or cash card is a payment card with a monetary value stored on the card itself, not in an external account maintained by a financial institution. This means no network access is required by the payment collection terminals as funds can be withdrawn and deposited straight from the card. Like cash, payment cards can be used anonymously as the person holding the card can use the funds. They are an electronic development of token coins and are typically used in low-value payment systems or where network access is difficult or expensive to implement, such as parking machines, public transport systems, and closed payment systems in locations such as ships. Stored-value cards differ from debit cards, where money is on deposit with the issuer, and credit cards which are subject to credit limits set by the issuer and are connected to accounts at financial institutions. Another difference between stored-value cards and debit and credit cards is that debit and cr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Farebox
A fare is the fee paid by a passenger for use of a public transport system: rail, bus, taxi, etc. In the case of air transport, the term airfare is often used. Fare structure is the system set up to determine how much is to be paid by various passengers using a transit vehicle at any given time. A linked trip is a trip from the origin to the destination on the transit system. Even if a passenger must make several transfers during a journey, the trip is counted as one linked trip on the system. Uses The fare paid is a contribution to the operational costs of the transport system involved, either partial (as is frequently the case with publicly supported systems) or total. The portion of operating costs covered by fares - the farebox recovery ratio - typically varies from 30%-60% in North America and Europe, with some rail systems in Asia over 100%. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cash
In economics, cash is money in the physical form of currency, such as banknotes and coins. In book-keeping and financial accounting, cash is current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately (as in the case of money market accounts). Cash is seen either as a reserve for payments, in case of a structural or incidental negative cash flow or as a way to avoid a downturn on financial markets. Etymology The English word ''cash'' originally meant , and later came to have a secondary meaning . This secondary usage became the sole meaning in the 18th century. The word ''cash'' comes from the Middle French , which comes from the Old Italian , and ultimately from the Latin . History In Western Europe, after the fall of the Western Roman Empire, coins, silver jewelry and hacksilver (silver objects hacked into pieces) were for centuries the only form of money, until Venetian merchants started using silver bars for larg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debit Card
A debit card, also known as a check card or bank card, is a payment card that can be used in place of cash to make purchases. The card usually consists of the bank's name, a card number, the cardholder's name, and an expiration date, on either the front or the back. Many new cards now have a chip on them, which allows people to use their card by touch (contactless), or by inserting the card and keying in a PIN as with swiping the magnetic stripe. Debit cards are similar to a credit card, but the money for the purchase must be in the cardholder's bank account at the time of the purchase and is immediately transferred directly from that account to the merchant's account to pay for the purchase. Some debit cards carry a Stored-value card, stored value with which a payment is made (prepaid cards), but most relay a message to the cardholder's bank to withdraw funds from the cardholder's designated bank account. In some cases, the payment card number is assigned exclusively for use on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contactless Payment
Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near-field communication (NFC) for making secure payments. The embedded integrated circuit chip and antenna enable consumers to wave their card, fob, or handheld device over a Credit card terminal, reader at the point-of-sale terminal. Contactless payments are made in close physical proximity, unlike other types of mobile payments which use broad-area cellular or Wi-Fi networks and do not involve close physical proximity. EMV (abbreviation for Europay International, Europay, Mastercard, and Visa Inc., Visa) is a common standard used by major credit card and smartphone companies for use in general commerce. Contactless smart cards that function as stored-value cards are becoming popular for use as transit system Public transport#Electronic fare card, farecards, such as the Oyster car ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
