Transport for London (TfL) is exploring options to replace the technology which is currently used inside its Oyster smart cards.
Under the proposal, future Oyster cards would incorporate the contactless payment card technology which is used by bank credit and debit cards. This would allow fare payments to be handled using the proprietary Transit Transaction Model of payment rules and software which TfL developed to enable passengers to pay for travel using contactless bank cards instead of a dedicated smart card.
The existing Oyster brand would be retained for the TfL contactless payment cards, with just the card technology changing. Passengers would apply for and manage the new card online, with a refundable deposit but no transaction fees for travel. The TfL card would only be used for travel, and would not offer the ability to make other payments such as at coffee shops.
If the supply industry response proves positive, the new cards may be ready for passenger use in early 2016.
