New York's Metropolitan Transportation Authority has developed a concept of operations for use in establishing a contactless fare-payment system for transit.

The plan, which is based on open standards for the authority's subway and bus systems, will lead to the design, procurement and implementation of a new fare-payment system, the agency said Friday.

The MTA is making the plan available to the fare collection, technology, telecommunication, system integration and payments industries to stimulate discussion and to obtain input to finalize a concept that describes a payment system that is cost-effective and technically and commercially feasible.

New York transit agencies began a test of contactless payments last spring.

The MTA plans to hold an outreach presentation to the vendor community on May 10.

Attendance will be limited to persons representing companies that participate in the fare collection, technology, telecommunication, system integration or payments industries, according to the authority.

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