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MTA New York City Transit (NYCT) earlier this week issued a request for proposals (RFP) for a new fare payment system to replace its existing MetroCard system. The agency is seeking a firm to design, furnish, install, test, integrate and implement an account-based fare payment and collection system based on an open bank card payment system, according to the RFP document. The new system will utilize "contactless" media, including smart cards and mobile devices. The technology would enable riders to hold a card or smartphone near a receiver to board instead of swiping a card.The solicitation also includes a number of contract options for providing related equipment and services. The project to overhaul NYCT's current fare system will be completely MTA funded, according to the RFP document. Award of a contract will be contingent on approval of the 2015-2019 MTA Capital Program.Proposals are due June 23.The use of mobile fare payment apps is one way that transit agencies are taking advantage of the Internet of Things (IoT) to address a host of challenges. Read this article in the March issue of Progressive Railroading to learn more about IoT in public transit.