# ABT, M-Ticketing, EMV: the top trends in transport ticketing
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-04-27
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Next-Gen Ticketing Solutions: Trends & Challenges
Meta Description: Discover the latest trends in next-generation ticketing, the benefits of mobile ticketing, and the challenges faced by public transport players in delivering
URL: https://financedigest.com/abt-m-ticketing-emv-the-top-trends-in-transport-ticketinghtml

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_Key considerations to support the launch of next-generation ticketing solutions_

Traveller expectations are at an all-time high. In the age of on-demand, mobile services and the convenience of ‘tap-and-go’ technology, the public transport industry is under increasing pressure to deliver the same, high-quality interoperable experience with its ticketing solutions.

While the pressure is on to deliver new services, the benefits of next-gen ticketing are many and wide-ranging. In a rapidly evolving, converging and [advancing market](https://www.financedigest.com/lte-and-lte-advance-market-potential-growth-share-demand-and-analysis-of-key-players-forecasts-to-2025.html "LTE And LTE Advance Market Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2025"), public transport players are faced with several opportunities to meet both the rising expectations of end-users and tap in to new revenue streams. For the [transport ticketing market](https://www.financedigest.com/growing-transportation-industry-is-driving-demand-for-aluminum-sheet-market.html "Growing Transportation Industry Is Driving Demand For Aluminum Sheet Market"), the time to innovate is undoubtedly now.

However, [navigating the latest trends and technologies](https://www.financedigest.com/financial-technology-fintech-how-to-navigate-the-latest-trends-and-innovations.html "Financial Technology (FinTech): How to Navigate the Latest Trends and Innovations") can be a complex and technically exhausting challenge. To help make sense of it all, let’s take a closer look at the front-running trends in the next-generation ticketing race, the benefits and challenges of implementation, and the [key considerations players in the transport market](https://www.financedigest.com/intelligent-transport-systems-its-market-2021-by-global-key-players-types-applications-countries-industry-size-and-forecast-to-2027.html "Intelligent Transport Systems (ITS) Market 2021 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2027") need to guarantee a successful project.

**Come together: converging services, new form factors and making the move to MaaS**

As the [industry’s latest](https://www.financedigest.com/global-compressor-controllers-market-outlook-2021-pricing-strategy-industry-latest-news-research-report-analysis-and-share-by-forecast-2028.html "Global Compressor Controllers Market Outlook 2021, Pricing Strategy, Industry Latest News, Research Report Analysis And Share By Forecast 2028") buzz-word, it’s hard to avoid the growing popularity of Mobility-as-a-Service, or MaaS. As services increasingly converge onto smartphones, there’s huge [potential for transport operators to deliver](https://www.financedigest.com/delivering-on-the-potential-of-open-finance.html "Delivering on the potential of open finance") greater convenience to travellers. In addition, by translating multiple transit solutions, adjacent and value-added services into one simple, seamless app, there’s huge [potential for operators to generate](https://www.financedigest.com/french-cloud-provider-ovh-lines-up-diesel-generators-to-offset-potential-power-cuts.html "French cloud provider OVH lines up diesel generators to offset potential power cuts") new revenue streams.

**So, how best to make the** [move to mobile?](https://www.financedigest.com/the-cleanroom-technology-market-to-be-on-the-mobility-move.html "The Cleanroom Technology Market To Be On The Mobility Move")

Partnering with handset manufacturers and [mobile network operators](https://www.financedigest.com/russian-regulator-says-mobile-operator-mts-breached-anti-monopoly-laws.html "Russian regulator says mobile operator MTS breached anti-monopoly laws") (MNOs) to deliver a near field communication (NFC) based solution is one option, but not the only one. Host Card Emulation (HCE) technology for example, can offer a simple, considerably more cost-effective NFC solution for those looking to remain independent of OEMs and MNOs. However, security remains vital and additional considerations, such as implementing tokenization, may also be needed.

Wearables are also tipped to have a potentially revolutionary effect on transit ticketing, enabling passengers to ‘tap’ their [way through the transit network without touching their wallets](https://www.financedigest.com/digital-wallets-the-new-way-to-pay.html "Digital Wallets: The New Way to Pay") or bags. But with knowledge limited on these solutions, ensuring their security, functionality and interoperability across the [network poses a real technical challenge](https://www.financedigest.com/keeping-ahead-of-network-challenges-in-the-finance-industry.html "Keeping ahead of network challenges in the finance industry") that requires unique expertise.

**Account-Based Ticketing: easy as A-B-T?**

With capacity to simplify maintenance logistics, improve security and ultimately reduce costs, account-based ticketing solutions are proving popular too. As the traveller’s funds are managed in the back-office account and ‘payment’ occurs automatically after travel, ABT gives travellers the flexibility to choose between several fare media to authenticate themselves with, whether that is a smartcard, mobile [device or a wearable](https://www.financedigest.com/wearable-medical-devices-market-size-to-surge-at-the-cagr-of-17-7-from-2018-to-2026.html "Wearable Medical Devices Market Size to Surge at the CAGR of 17.7% from 2018 to 2026"). What’s more, while solutions can be done in conjunction with EMV®\*, account-based can also be developed independently of EMV, accommodating support for young and unbanked travellers.

To guarantee a successful implementation and realize the full scope of ABT benefits, operators need to ensure solutions are secure and fully interoperable across all fare-media, with the [capacity to work effectively both offline](https://www.financedigest.com/norsk-hydro-keeps-some-aluminium-capacity-offline-due-to-weaker-demand.html "Norsk Hydro keeps some aluminium capacity offline due to weaker demand") and during instances of poor connectivity, managing risks.

**Offering open-loop EMV® payments**

Following the success of Transport for London’s (TfL) implementation and the increasing penetration of EMV globally, it’s not hard to [see why many operators are following suit and upgrading their systems](https://www.financedigest.com/bae-systems-sees-big-opportunity-in-space-after-uk-satellite-bolt-on.html "BAE Systems sees big opportunity in space after UK satellite bolt-on") to offer open-loop EMV payments.

Accommodating EMV payments in public [transport networks](https://www.financedigest.com/strikes-bring-londons-transport-network-to-a-halt.html "Strikes bring London’s transport network to a halt") offers travellers greater flexibility, convenience and, as with all contactless-centric implementations, reduced queues and quicker throughput. From an operator perspective, this also translates into a reduced need for transit-specific travel cards, [cutting manufacturing costs](https://www.financedigest.com/hm-to-cut-costs-as-profits-hit-by-inflation-cautious-shoppers.html "H&M to cut costs as profits hit by inflation, cautious shoppers") and the need for on-the-ground resource to support issuance. These [benefits also readily serve tourist markets](https://www.financedigest.com/health-benefits-served-by-vegan-diet-will-infuses-vegan-noodles-market-demand.html "Health Benefits Served By Vegan Diet Will Infuses Vegan Noodles Market Demand"), enabling visitors to easily board the local transport network with a fare-media that’s already in their pocket.

Whilst proven, secure and widely [adopted across](https://www.financedigest.com/how-ai-looks-set-to-power-facial-recognition-passport-adoption-across-southeast-asia-post-covid.html "How AI looks set to power facial recognition passport adoption across Southeast Asia post-COVID") the payments market, the EMV ecosystem is complex, with several players, technologies and guidelines. For public transport players looking to cash in, getting to get to grips with these complexities first is essential.

**Deciding the next steps**

The opportunities are evident, but to truly make the right choice in delivering high-quality ticketing systems, players [need support](https://www.financedigest.com/hung-out-to-dry-smes-need-further-support-to-stay-afloat.html "Hung Out to Dry: SMEs need further support to stay afloat") right from the start of projects to fully evaluate their options. In-depth knowledge of the standards and requirements solutions must conform to, and how suitable these are to their respective systems will be [key to a smooth and successful](https://www.financedigest.com/mvp-for-startups-the-key-to-success.html "MVP for startups: the key to success") launch.

To truly realize seamless transport ticketing, open standards will also play an increasingly [important role](https://www.financedigest.com/the-importance-of-role-models-and-policy-in-encouraging-more-women-to-pursue-careers-in-the-finance-sector.html "The importance of role models and policy in encouraging more women to pursue careers in the finance sector"). Delivering interoperability and the capacity to [transform the business models of the global ticketing industry](https://www.financedigest.com/sql-server-transformation-market-advanced-research-growth-opportunities-in-global-industry-by-2029fmi.html "SQL Server Transformation Market advanced Research & Growth Opportunities in Global Industry by 2029|FMI"), understanding and integrating these standards can deliver real value. Partnering with a [business enabler helps you evaluate all of the options in line with your strategy](https://www.financedigest.com/foot-orthotic-insoles-market-to-generate-us-5-billion-by-2026-growth-key-business-strategies.html "Foot Orthotic Insoles Market to Generate US$ 5 Billion by 2026 | Growth & Key Business Strategies"). This ensures the quality of projects from the start, minimising unnecessary delays and guaranteeing a smooth, [cost-effective path to market](https://www.financedigest.com/cost-effective-digitized-innovation-to-drive-the-immune-thrombocytopenia-treatment-market.html "Cost-effective Digitized Innovation to drive the Immune Thrombocytopenia Treatment Market"). A thorough [testing and certification plan is also key to guaranteeing secure](https://www.financedigest.com/london-police-say-queens-funeral-poses-biggest-ever-security-test.html "London police say queen’s funeral poses biggest ever security test") and interoperable solutions first time. During this implementation process, defining a robust [quality assurance](https://www.financedigest.com/the-neurotrophic-keratitis-treatment-market-to-stand-on-quality-assured-digitization.html "The Neurotrophic Keratitis Treatment Market to stand on quality assured digitization") (QA) system will ensure your solution runs smoothly and efficiently, year after year.

The convergence of payments, mobile and transit holds exciting possibilities, but also increased risk. Expert technical consultancy, from implementation partners well versed in payments and developing new, [innovative solutions across](https://www.financedigest.com/open-finance-can-help-unlock-innovation-across-the-financial-ecosystem.html "Open Finance can help unlock innovation across the financial ecosystem") form factors, is essential.

**Choosing a trusted implementation partner**

With over 20+ years of experience ensuring the efficient and successful implementation of card and [mobile transaction service](https://www.financedigest.com/rebound-in-the-oil-gas-exploration-and-production-activities-to-boost-mobile-servicing-rig-market-fact-mr-report.html "Rebound In the Oil & Gas Exploration and Production Activities to Boost Mobile Servicing Rig Market, Fact.MR Report"), FIME is well-equipped and experienced in supporting the transport market in delivering the next-generation of transit ticketing solutions. With unrivalled expertise in EMV and [developing mobile](https://www.financedigest.com/sony-to-buy-mobile-game-developer-in-push-beyond-consoles.html "Sony to buy mobile game developer in push beyond consoles") payment solutions, FIME can provide end-to-end support for your projects, from technical consultancy and training, through to design support, quality assurance, field testing and certification services.

For more information, visit [www.FIME.com](http://www.FIME.com)

_\*EMV® is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo._


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