The MTA (Metropolitan Transit Authority) Committee has announced a new contract for the New York City Transit system to receive a technological update. This $573 million deal would hire the same company who developed the London Underground and London Commute payment system to adopt a similar payment system in 500 subway turnstiles and 600 city busses starting late-2018.
The new payment system would allow riders to pay the flat-rate fare with a contactless card, or NFC mobile payment service like Apple Pay, Android Pay or Samsung Pay. The full rollout of the new payment system is slated to…