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FARA to implement ticketing project for Stræto Iceland

FARA has won a contract in Reykjavik, Iceland. The scope is to implement a Ticketing system for Strætó bs for 159 vehicles. Strætó bs existing solution will be replaced in line with their strategy for improving public transport in the city area of Reykjavík.

There is an increased emphasis on public transport and on green transport in the Reykjavík capital area. In the next couple of years a new BRT (Bus Rapid Transit) network will be built and Strætó‘s current ticketing system needs to be updated to connect to the new BRT network and other environmentally modes of transportations.

„We look forward to working with FARA and implementing a new and modern ticketing system for Strætó‘s city buses. We believe the new system will service all customers who wish to use public transport in the Reykjavík capital area.“ Jóhannes S. Rúnarsson, CEO of Strætó.

FARA’s commitment is to deliver a new Electronic Ticketing System in the Capital area of ReykjavÍk – hardware, software, hosting and associated services. The system is an account-based, open architecture, contactless payment system that supports closed-loop and open loop payment, bar code and NFC-based mobile payments. The system includes contactless EMV capabilities based on the Visa MTT and Mastercard Transit model. The system will provide full APIs for 3rd parties.

Other features that are to be implemented are a centralized back office that performs transaction processing, account management, customer service, device monitoring, maintenance management, data management and reporting, and financial settlement functions.

FARA is one of the first suppliers in Europe that has delivered two full scale solutions based on the new on-board ITxPT platform. This platform will also be part of the delivery to ReykjavÍk.

‘’Iceland is a new market and Strætó bs is a new customer for FARA. We are both exited, and FARA looks forward to work with Strætó in implementing best practices and highest standards for public transport in ReykjavÍk’’, says Ørjan Kirkefjord VP Nordic Market & Sales.