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London Transport (uk.transport.london) Discussion of all forms of transport in London. |
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Oyster Cards - how does the money go round?
Outside London bus companies have a direct incentive to collect fares
because they are taking the revenue risk. In London TfL takes the revenue risk but fares used to be collected by the franchised bus companies.Did they just turn over the cash to TfL at the end of the day? How did TfL check that all the fares that should be paid were paid? Does the move to Oyster Cards now mean that the cash now flows straight from the consumer to TfL? In which case how does it check that all passengers who should have checled through using their Oyster Cards have done so? Does anybody keep a check on the number of young people and pensioners using their concessionary travel? |
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