LONDON, October 22, 2013 /PRNewswire/ --
Smart travel is a hot item on the country's political agenda. After years of effort and millions in investment, several isolated smart ticketing schemes have been launched across the country, with a varied degree of success. Yet, simple flexible fares, ticketing without queues and a single nationwide travel pass still remain a distant dream. That dream will finally become a reality with MultiPass.
Inspired by its sci-fi namesake from Luc Besson's film "The Fifth Element", MultiPass offers a simple value proposition: seamless best price travel across Britain.
No need to queue for tickets - just turn up and go. No need to think what ticket to buy - MultiPass always charges the lowest possible fare for any journey the passenger makes, on any transport mode, with any operator, at any time.
Consumers will also be able to use MultiPass to pay for snacks and drinks, car parking and other travel-related products and services.
MultiPass solves a number of pressing problems for transport operators too, by reducing costs, increasing revenues, improving capacity utilisation and enhancing customer experience. MultiPass platform incorporates several groundbreaking innovations, including virtual ticket gate and a futuristic multi-functional wallet compatible with the UK smart ticketing standard, ITSO.
The Technology Strategy Board, the innovation arm of the UK Government, awarded a special £1.1m grant to the industry consortium to pilot MultiPass. The consortium, led by TEDIPAY, a disruptive London-based startup, includes several key players from transport and ticketing industries: GuestLogix, GIS, Global Travel Ventures, Centre for Transport Studies at Imperial College London and transport operators including Abellio Greater Anglia.
The consortium will run live MultiPass pilots in London and Glasgow in early 2014, prior to full rollout.
About TEDIPAY (UK) Ltd
TEDIPAY is a dynamic startup company that brings to the market a game-changing platform for secure mobile transactions. The platform includes such unique features as "chip & PIN" e-commerce and "zero Capex" transit ticketing. TEDIPAY formed strong partnerships with the top players in payment and transport industries.
About Abellio Greater Anglia
Abellio is an international public transport company which delivers rail and bus services to over one million passengers every day across the UK and Germany.
Greater Anglia is one of the railway franchises operated by Abellio in the UK. It provides intercity, commuter and rural services throughout the region including the Stansted Express service. In 2012, Greater Anglia won the Train Operator of the Year award at the annual national Rail Business Awards.
Abellio Transport Holdings also operate the successful Northern franchise and Merseyrail concession, plus bus services in London and Surrey.
GuestLogix is the leading provider of on-board retail technology and solutions to the passenger travel industry. Through its proprietary Mobile Virtual Store(TM) platform, the Company provides air, rail and ferry operators the tools to become successful on-board retailers, enhance service and drive ancillary revenue growth. With a customer base consisting of world leading airlines such as American Airlines, Delta Air Lines, Ryanair, Air Canada and Alaska Airlines, GuestLogix currently serves more than 600 million passenger trips annually. Customer base also includes caterers, railways, ferries, hotels and commissaries. GuestLogix is publicly traded on the Toronto Venture Stock Exchange (Symbol GXI).
For more information, please visit http://www.guestlogix.com
About GIS Ltd
General Information Systems Ltd is a world leader in the design and supply of contactless and contact smartcard applications and readers. Cambridge-based company targets such rapidly expanding markets as e-commerce payments, electronic purses, secure access control, card-based loyalty schemes, and electronic ticketing, including mass transit. GIS Ltd has supplied thousands of handheld terminals, including ITSO-compliant ones, to major public transport operators worldwide. The company also has a wealth of experience in high volume off-shore manufacturing.
About Global Travel Ventures (GTV)
GTV is a startup company that brings to the market a game-changing online travel retail platform which identifies all combinations of fares for journeys, including those requiring multiple carriers.
The Centre for Transport Studies (CTS) is based in the Department of Civil and Environmental Engineering at Imperial College London. CTS is one of the leading multi-disciplinary transport centres in the world. The faculty comprises academic staff with backgrounds in engineering, economics and mathematics, and around 60 research staff and doctoral students. It has consistently received the highest possible rating for research in all assessment exercises undertaken by the UK Government over the past two decades. CTS carries out teaching and research in a broad range of aspects of transport studies, covering transport engineering, planning, operations and management as well as geomatic engineering and surveying. The Centre also includes several specialist research units and enjoys collaborative links with other groups in the Department of Civil and Environmental Engineering, elsewhere in Imperial College, other academic institutions and industrial partners.
SOURCE Tedipay (UK) Ltd