Mastercard Mass Transit Model
The Mastercard mass transit transaction model is Mastercard Pay As You Go. See Mastercard Pay As You Go.
Mastercard Pay As You Go
These are the key characteristics of the Mastercard Pay As You Go (PAYG) transaction
model:
- Journeys are multimodal.
- Fares are based on distance.
- Points of entry are contactless.
- Accounts are verified with an authorization for a nominal amount or the maximum fare amount.
- The deny list is checked so that cardholders with previously declined transactions can be blocked.
- Data can be authenticated offline to confirm that the card is valid.
- Token Management Service(TMS) option for managing sensitive authentication data (SAD).
- Multiple card taps and fares can be aggregated into a single payment.
- The deny list is automatically updated every 20 minutes.
- The back office records all trips and fares in order to reconstruct journeys and calculate the final fare.
- When the nominal amount authorization is declined, debt recovery can be performed.
- Standard follow-on payment services can be used to capture, reverse, or void transactions.
Figure:
Mastercard Pay As You Go Model
