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Let’s talk about Open Payment: Fare Capping

|   Fare-Collection-Systems

Day, weekly and monthly passes are great for frequent passengers, saving them money as they ride. This episode of our “Let’s talk about open payment” series will have a look how passengers can benefit from such discounts, without having to pre-buy when they travel via an open payment system.

Passenger behavior is changing and less predictable. Not everyone knows in advance how often they will travel and if several single rides, a day pass, weekly or monthly pass might be the best option.

Including fare capping in the open payment system solves this challenge. Fare capping ensures that passengers always pay the best fares based on how often they ride. Let’s imagine a passenger making several journeys in one day. For each journey, the system automatically calculates the fare due. As soon as the equivalent of, for example, a day pass is reached, all further journeys are no longer charged – the fare is capped at the equivalent of that pass, as defined by the fare-capping rules. Different periods can be considered for fare capping, for example days, weeks, months and individual periods.

Want to find out more about the open payment system that makes fare capping possible?
Here you can read more about Account based ticketing.

 

How does it work?


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