| Key Facts |
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Standardization Provides Payment Efficiency |
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Scalable Payment Standard |
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One Convenient Card all Transportation Payment Needs |
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Increase Customer Satisfaction |
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More Vendor Options |
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Non-Proprietary |
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Interoperability between Agencies and other Organizations |
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RIS currently at ANSI |
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Background
The leaders at OmPay are positive the standardization of transportation payments is one of the key components necessary to increase Customer Satisfaction and Efficiency.
The Regional Interoperability Standard (RIS), developed by the Port Authority New York/New
Jersey and adopted by APTA is one component driving standardization. This comprehensive work spanned five years of development and is currently with ANSI reaching the final steps of the process.
At a high level, RIS is playing the same roll magnetic stripe standards played in the development of electronic payments for credit card networks. It is an open standard based on the premise that the interests of a region are best served not by dependence on a single technology provider or system integrator but by open interoperability made possible through adoption of and adherence to a regional standard.
How does this help?
A transportation payment standard will help agencies and organizations in the regional transportation system to leverage inherent benefits of standardization. Some examples are:
Open Interoperability allows multiple organizations to issue payment cards that work together. Agencies and organizations benefit from increased revenue, payment processing efficiency and customer satisfaction when more card holders have compatible payment cards.
An open standard by its in nature is not proprietary or vendor specific. This allows organizations to select from multiple product/service providers.
The RIS provides Scalability which allows card holders to use One Convenient Card to pay for all their transportation payments. Scalability also provides vendors the benefit of increased product volume as more people adopt.
Talk to one of our leaders and learn how your organization leverage RIS for on-street parking, off-street parking and taxis.
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