If the backside of your Chase Bank credit/debit card has the “blink” text and logo, you’ll be ready for Open Fare.
Soon you’ll be able to pay for a trip on Chicago Transit Authority (CTA) buses and trains with your credit/debit card (provided it has an embedded wireless chip) and NFC-enabled cellphones. Currently all four credit card processors (Visa, MasterCard, American Express, and Discover) offer cards with contactless chips – they use RFID technology. The Samsung Nexus S is the only widely available cellphone with an NFC chip. This is all part of an upcoming system called Open Fare. It’s not the same as the regional fare payment system that Pace, Metra, and the CTA are legislated to provide by 2015 (where one fare payment method works on any transit vehicle, often called “universal fare”*). Continue reading CTA announces open fare system to come in 2014