There are a number of different methods to pay your fare to get onto a train, tram or a bus. 1) Pay $3 in coins, 2) bus ticket, 3) token, 4) day pass and 5) Metropass.
According to the Toronto Star
, the TTC will be spending approximately $1.3 million to look into a pay-as-you-go system, which would be a cashless structure where you tap your credit card onto an electronic card reader.
TTC Chairman Adam Giambrone will award the money to New York consulting firm, KMA group, operated by Paul Korczak who spoke at the TTC’s invitation in April. The firm will study the TTC’s fare system and its Presto fare card.
The former Mayoral candidate stated that the smart card could work in collaboration with the new system, reports 680 News
If implemented, the credit card companies would be the ones who would handle the payments and not the TTC