ATLANTA (June 6, 2024) – Elavon, a wholly-owned subsidiary of U.S. Bank and one of the largest payments processors globally, is partnering with Southeastern Pennsylvania Transportation Authority (SEPTA) to offer contactless payment acceptance from any enabled card or mobile device across transit services. SEPTA is one of the ten largest transit systems in the United States.
“With an average daily ridership of more than one-half million, SEPTA needed a payments partner equipped to make payments as convenient, efficient and modern as possible,” said Pari Sawant, global chief product officer, Elavon. “Elavon’s Mass Transit Payments will deliver on those needs by making riders transactions frictionless and secure, ensuring everyone can focus on getting where they need to go.”
Elavon’s Mass Transit Payment solution eliminates the need for cumbersome terminal equipment and dedicated transit cards, which can significantly reduce the transit agency's transaction costs, streamlines boarding and improves overall rider experience. This can help to lower the cost of payments acceptance and management for transit agencies and brings an “any card, anywhere” approach.
For riders, this helps reduce the plethora of cards in their wallet and eliminates the need for paper tickets, while giving riders the convenience of tap-and-board payment without the need of a ticket. Contactless payments also simplify transaction tracking and management via online bank accounts or monthly credit card statements, which gives transit agencies greater visibility into their rider volume and its variability.
Visa Acceptance Platform serves as both the gateway and payment management platform for Mass Transit Payments.
“Contactless payments have helped shape the way consumers pay. Rather than standing in line to purchase or load a separate transit card, riders can save valuable time with this fast, easy, and secure way to pay,” said Bill Dobbins, Senior Vice President, Head of North America Acquiring & Enablement at Visa, a world leader in digital payments. “We’re excited that our partners at Elavon have leveraged Visa Acceptance Platform to enable contactless payments on SEPTA, enhancing the customer experience by empowering riders to tap their contactless cards or digital wallets – and pay for transit the same way they pay for other everyday essentials.”
This partnership expands Elavon’s Mass Transit services, as they currently provide contactless payment services to transit agencies globally. Notable transit areas served include Venice and Genoa, Italy, as well as Monterey, California and Myrtle Beach, South Carolina.
Headquartered in Minneapolis, U.S. Bancorp is the parent company of U.S. Bank National Association the fifth-largest commercial bank in the United States. The company’s three major business lines serve 15 million clients globally, and its team of nearly 70,000 people invest their hearts and minds to power human potential every day. Ranked 110th in the Fortune 500, U.S. Bancorp is deeply respected for its culture and long-term stewardship and admired for its diversified business mix and product capabilities.
Elavon, a wholly owned subsidiary of U.S. Bank, provides scalable, end-to-end payment processing and servicing solutions to a wide range of small businesses and enterprise clients across the United States, Europe and Canada.
John Friess
Communications Manager| Merchant Payment Services
Business Line Communications | Public Affairs & Communications
john.friess@usbank.com