New York City's Metropolitan Transit Authority plans to do away with the aging MetroCard fare system in favor of one that supports contactless payments, reports the New York Times. The agency has approved a $573 million contract to update the system's turnstiles with new wireless readers that can accept smartphones and certain types of credit/debit cards. The readers will be installed in some 500 subway turnstiles and 600 NYC buses beginning in late 2018, with a projected completion date of late 2020. The new wireless fare payment system will replace MetroCards, though the cards won't be phased out until 2023. The new system will handle fares for the MTA-operated Long Island Railroad and Metro-North train systems, but not Amtrak or NJ Transit. The system will be compatible with Apple Pay, Android Pay, and Samsung pay, as well as cards that carry NFC chips. The MTA first began accepting proposals for a wireless payment system in April 2016.
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