Electronic Payment Systems (EPS) provide a convenient, secure and auditable means of paying for different transport services and offer major advantages over cash payment for transport and highway operators, their passengers and customers, including:
Electronic payment benefits travellers and operators whilst speeding up the payment process, improves the efficiency of payment processes that were formerly cash-based and provides convenience for users of public transport. Electronic payment enables new business models, for example Electronic Toll Collection (ETC) no longer has to be considered as a means of improving efficiencies at toll plazas alongside cash and card-paying customers, but instead toll roads can now be designed exclusively for ETC operation, eliminating the need for toll plazas and allowing vehicles to pay tolls without having to slow down or stop.
Electronic payment applications are enabled by a variety of technologies including smart cards, RF tags and mobile phones. The principal applications are as follows: