TfL plans to replace Oyster smart card technology

Transport for London is exploring options to replace the technology which is currently used inside its Oyster smart cards. Under the proposal, future Oyster cards would incorporate the contactless payment card technology which is used by bank credit and debit cards. This would allow fare payments to be handled using the proprietary Transit Transaction Model of payment rules and software which TfL developed to enable passengers to pay for travel using contactless bank cards instead of a dedicated smart card.