Best price algorithm and check-out reminder | IT-TRANS
16-Dec-2019

Best price algorithm and check-out reminder

With the FAIRTIQ app from the company of the same name based in Bern, Switzerland, passengers check in simply by swiping.

FAIRTIQ is showcasing a ticketing app for the public transport companies which simplifies ticket purchases and uses a algorithm to calculate the best ticket price. Copyright: FAIRTIQ
FAIRTIQ is showcasing a ticketing app for the public transport companies which simplifies ticket purchases and uses a algorithm to calculate the best ticket price. Copyright: FAIRTIQ

The app simplifies ticket purchases and requires no fixed sales/validation infrastructure. When the passenger swipes out at the end of the journey a best price algorithm calculates the optimum ticket for that journey. Using advanced geo-location algorithms, the system computes the distance traveled, including any intermediate changes between rail, bus, subway, tram and boat. The app can be used across borders and includes fraud detection. The system is running across Switzerland covering all types of public transport and all 250 operators. It can also be used in Germany, Austria, and Liechtenstein.

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