For the past few weeks, there has been talk about the MTA and their future plans of doing away with the MetroCard as one of the main subway and bus payment systems in New York City.
According to the New York Post, a new payment method is being created to replace the MetroCard, which will be done around 2023, as well as being used by commuters as early as 2018.
This new paying method will be done by commuters being able to scan their credit card or phone to get access to bus rides or the subway. The MTA is thinking of making an available “tap card,” which will allow customers to have options between a credit card, a mobile device, or the latter.
According to the Post, MetroCards will be replaced in a similar fashion to tokens, which will be done slowly in an integrated way over time.
The company who is responsible for this project is Cubic Corp, and according to the New York Times, this creation will cost around $570 million USD in capital funds.