The Toronto Transit Commission (TTC) has released a short list of 11 firms vying for the contract to the city’s proposed open fare public transit payment system, according to The Globe and Mail.
Chief among the the candidates are Visa Canada, South Korea’s LG, a Xerox subsidiary and San Diego’s Cubic Transportation Systems, which is responsible for London’s contactless Oyster card system.
Earlier this year, Cubic landed $370-million deal to provide electronic fare services for Sydney’s transportation authority, according to The Globe and Mail. The company claims to rake in $50 million in transit fare revenues every day.
The TCC will spend the next two weeks deciding which candidate, if any, will be awarded the contract, according to The Globe and Mail.
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