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The former AFC barrier gates at Southern Cross station in the Melbourne Metcard AFC System. An automated fare collection (AFC) system is the collection of components that automate the ticketing system of a public transportation network – an automated version of manual fare collection. An AFC system is usually the basis for integrated ticketing.
A ticket system, also known as a closed toll collection system, is a system used on some toll roads in which a user pays a toll rate based on the distance traveled from their originating entrance to their destination exit.
Fare capping on the Tripperpas was advertised as the "best price guarantee," billing passengers for only up to the cost of the equivalent Sterabonnement season ticket. [4] [5] At the conclusion of its 2-year trial, the Tripperpas system was shut down, with only 4,000 cards in use, of the 11,000 cards planned to be issued. [5]
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The ticketing system was expanded and rebranded with new ticket stock and new fare products. Introduced in April 2010, MyZone somewhat standardised fare product names and ticket designs across trains, buses and ferries; and brought privately operated buses into the same fare structure as those operated by the State Transit Authority. Limited ...
Based on payment system, the smart ticketing market is segmented into open payment system, smart card, and NFC. The smart card segment held the largest share in the smart ticketing market forecast in 2023. Smart cards are considered to be the most convenient option among users for making payments in transit.
In the airline industry, available seats are commonly referred to as inventory. The inventory of an airline is generally classified into service classes (e.g. economy, premium economy, business or first class) and any number of fare classes, to which different prices and booking conditions may apply.
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