Conduent Incorporated CNDT unit Conduent Transportation has been selected by transport operator Azienda Trasporti Verona to provide contactless payment technology for buses in Verona, Italy.
In a bid to modernize the ticketing system, Conduent will provide contactless EMV (Europay, Mastercard, and Visa) payment technology in the buses.
With EMV, passengers can pay with debit and credit cards and NFC-enabled digital wallets on board ATV buses.
This month, Conduent and ATV are starting a pilot project of the EMV technology on the Airlink bus service between Verona Porta Nuova railway station and Verona airport.
Conduent will provide ticket validators that will be progressively installed, starting in the fall, on the 540 buses that serve the city of Verona and the suburban network.
"Modernizing the ticketing system in Verona is a significant investment in improving the transportation experience for the traveling public," said Lou Keyes, President of Transportation Solutions at Conduent.
"Conduent is ready to deliver the latest technology that supports the growing demand for contactless payments in transportation similar to other customer buying experiences," added Keyes.
Price Action: CNDT shares are trading higher by 2.95% to $3.3150 on the last check Wednesday.
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