AFC Solutions
Automatic Fare Collection
AFC (Automatic Fare Collection) is a system that enables seamless, automated fare collection for public transportation. It integrates various payment methods such as contactless cards, mobile payments, QR codes, and account-based ticketing to enhance passenger convenience and operational efficiency.
Hybrid AFC Solutions
(Hybrid Automatic Fare Collection – EMV, ABT, Closed Loop)- Classic closed loop automatic fare collection solutions
- Cloud/Account based automatic fare collection solutions using the principle “bring your own media” (ABT)
- Contactless EMV payment solutions
Key Features of an AFC Solutions
- Multi-Modal Support – Works across buses, trains, metros, and ferries.
- Contactless Payments – Supports NFC-enabled bank cards, transit smart cards, and mobile wallets (Google Pay, Phone Pe, etc.).
- Transit Payment Gateway – The secure digital interface that facilitates real-time fare payments between passengers and transit operators.
- QR Code & Mobile Ticketing – Allows payments via scanned QR codes on apps or paper tickets.
- Account-Based Ticketing (ABT) – Users can travel with digital accounts, eliminating the need for physical tickets.
- Real-Time Transaction Processing – Ensures fast and secure fare transactions.
- Integration with Banking Networks – Supports credit/debit cards and EMV standards.
- Fraud Prevention & Security – Uses encryption, tokenization, and authentication protocols.
- Automated Fare Capping & Discounts – Implements fare rules dynamically based on usage.
- Open-Loop & Closed-Loop Systems – Can function with general-purpose bank cards (open-loop) or transit-specific cards (closed-loop).
- Reporting & Analytics – Provides insights into ridership, fare collection, and payment trends.
Key Benefits of an AFC
Seamless and Convenient Passenger Experience
- Enables fast, hassle-free boarding with contactless and digital payments.
- Reduces long queues at ticket counters and eliminates the need for exact change.
Multi-Modal and Interoperable Payments
- Supports various transport modes, including buses, metros, trains, and ferries.
- Works with multiple payment methods like smart cards, mobile wallets, QR codes, and EMV bank cards.
Increased Operational Efficiency
- Automates fare collection, reducing manual cash handling and errors.
- Ensures faster, more accurate financial reconciliation.
Enhanced Revenue Collection and Management
- Minimizes revenue leakage and fraud with secure, encrypted transactions.
- Provides real-time revenue tracking and analytics for better financial oversight.
Cost Reduction and Infrastructure Optimization
- Reduces the need for paper tickets, vending machines, and ticketing booths.
- Lowers maintenance costs of outdated fare collection systems.
Secure and Fraud-Resistant Transactions
- Uses advanced security protocols like encryption, tokenization, and multi-factor authentication.
- Ensures compliance with PCI-DSS, EMV, and other industry security standards.
Real-Time Data Insights and Analytics
- Tracks passenger trends, peak travel times, and fare usage patterns.
- Helps transit agencies optimize routes, schedules, and pricing strategies.
Supports Contactless & Cashless Economy
- Encourages digital transactions, reducing dependency on cash.
- Enhances financial inclusion by supporting multiple digital payment methods.
Environmentally Friendly & Sustainable
- Eliminates paper tickets, reducing environmental waste.
- Lowers the carbon footprint associated with cash handling and ticket printing.