In message Y8W9o.93300$6C1.13499@hurricane, Roy Badami
writes

On 15/08/10 18:41, Paul Terry wrote:

Oyster cannot support the £300 charge made for lost or terminally
damaged bicycles.

And yet it can support an annual Travelcard that costs many times that
sum...

But the travelcard has already been paid for - Oyster is simply acting
as a convenient medium for using the purchase.

In the case of a lost bicycle, TfL need to have a mechanism to initiate
a £300 payment.

It's a pity that Oyster couldn't have been upgraded to have the
necessary capabilities...

Well, I suppose TfL could insist that anyone using an Oyster for bicycle
hire must have at least £300 credit on their Oyster, but would that
really be attractive to anyone?
--
Paul Terry