Usually includes: In environments where multiple system operators share common, interoperable media, a central system similar to those used in stock exchanges can be used to provide financial management and other services to the operators such as: Canada's first public transit agency, the Toronto Street Railway Co., started in 1861 with a horse-drawn streetcar service but it was not until 1912 that the City of Toronto began deliberations on fare collection.
The first faregates in the United States were installed experimentally in 1964 at Forest Hills and Kew Gardens Long Island Rail Road stations in Queens;[4] the first systemwide installation was on Illinois Central Railroad (IC) in 1965 for its busy Chicago commuter service (today's Metra Electric.)
[9] Metropolitan Atlanta Rapid Transit Authority (MARTA)’s desire for simpler AFC systems resulted in Duncan (traditionally a parking meter vendor) developing turnstile machines for entry-only subway fare collection.
Bus fareboxes had hitherto been much simpler devices, mechanically registering coins deposited on accumulating registration counters.
Keene quickly followed suit, introducing a design meeting Urban Mass Transit Administration (UMTA) Section 15 reporting requirements, also collecting fuel consumption and bus mileage data.
Venerable GFI fareboxes featuring magnetic pass readers requiring cash single fares lasted in Boston until Scheidt-Bachmann’s CharlieCard was introduced in 2006.