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Philadelphia Daily News from Philadelphia, Pennsylvania • 13

Location:
Philadelphia, Pennsylvania
Issue Date:
Page:
13
Extracted Article Text (OCR)

NEWS F.C. KERBECK New PATCO card will give riders SEPTA freedom BUICK iMI COME JOIN US! 111 By Jason Laughlin STAFF WRITER F.C. KERBECK CADILLACS GOME JOIN US! New PATCO Freedom card will work on the El, Broad Street Line, and city buses and trolleys, jason laughlin staff COME AUG. 1, PATCO will make available a variant of its Freedom fare card that will be able to pay for rides on Philadelphia's city transit. As one of the original selling points of the Key system that is replacing tokens and transpass-es in the Philadelphia region, SEPTA touted the ability to accept payment from sources other than its own fare card.

Revising the system so Freedom cards work with it is the first step to what SEPTA officials say will eventually be a system that will accept payments from credit cards, even smart phones, said Andrew Busch, a SEPTA spokesman. The card will work on the El, Broad Street Line, and city buses and trolleys. The Freedom cards will not be compatible with Regional Rail fare card readers. SEPTA last year approved a fare hike to increase the cost of a round trip on city transit from $3.50 to $4 for PATCO riders. Making PATCO fare cards work with SEPTA's readers isn't going to be quite as simple as that suggests, though, officials said.

The existing Freedom cards, which work with an embedded chip, won't be compatible with SEPTA's system. Instead, PATCO will issue a new Freedom card that can be read by SEPTA's Key system. Those cards will not be sold in PATCO station's fare card kiosks but will have to be bought either at the PATCO office at the Walter Rand Transportation Center in Camden, or at a satellite office at the Woodcrest Station, open from 10 a.m. to 2 p.m. Tuesdays and from 2 p.m.

to 6 p.m. NOTICE OF PARTIAL REDEMPTION To the Holders of PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY COLLEGE REVENUE BONDS, ELEVENTH SERIES NOTICE IS HEREBY GIVEN that, pursuant to the applicable provisions of the governing documents of the above captioned Bonds (the $510,000 principal amount of the Bonds will be redeemed on July 1, 2018, at the referenced Redemption Price, together with interest accrued to July 1,2018. From and after July 1, 2018, interest on the Bonds shall cease to accrue. The following Bonds will be redeemed and paid upon presentation to the office(s) shown below. ELEVENTH SERIES 9.5 DUE JULY 1, 2020 CUSIP Number 709170TP9 Redemption Price: 100.00, Amount Called $510,000 Bearer Bond Numbers (with Prefix V) Called in the Amount of $5,000 Each 1006 1019 1076 1085 1086 1103 1117 1118 1128 1136 1137 1165 1174 1183 1186 1208 1214 1216 1308 1328 1330 Registered Bond Numbers Bond Number Principal Amount To Be Redeemed R43 $5,000 R87 $5,000 R95 $395,000 Payment of the Bonds called for redemption will be made upon presentation and surrender of said Bonds, together with all coupons maturing on and after July 1 2018, in the case of bearer Bonds at the offices shown below.

In the case of registered Bonds to be redeemed in part only, upon presentation of such Bonds for redemption, there will be issued in lieu thereof a new registered Bond or Bonds in principal amount equal to such unredeemed portion. Called Bonds should be presented as follows: First Class 'Registered 'Certified Mail Express Delivery Only By Hand Only plan to eliminate paper transfer slips within two months. An alternative needs to be available by then for PATCO riders who rely on the paper slips to board SEPTA transit. The new Freedom cards will likely be made available no later than the last week of July. People who already have Freedom cards can trade them in for an updated card.

People who don't have a Freedom card will be able to buy the SEPTA-compatible card for $5. Over Memorial Day weekend PATCO implemented $2.3 million in software updates to its fare system. That work included changes that would allow PATCO and SEPTA to be compatible. SEPTA's $297 million Key upgrade is used on all SEPTA's modes except Regional Rail. About 790,000 cards have been issued so far, SEPTA reported.

E3 JLaughlinphilly.com 215-854-4587 Sjasmlaughlin PATCO riders will have to register their cards on a yet-to-be unveiled web tool, PATCO officials said, and will need to link them to a bank account. Money cannot be added to these cards at the kiosks at PATCO stations. Officials said PATCO's card readers will continue to be unable to read SEPTA's Key card. Interoperability will only go one way, though officials said PATCO readers will eventually be reconfigured to read Key cards. About 800 riders transfer from PATCO to SEPTA on a regular basis, said John Rink, PATCO's general manager.

A typical weekday sees 37,000 total riders on PATCO trains, which provide service between South Jersey and Philadelphia. About 50 riders who regularly use both systems will be selected for a pilot program to begin in July, Rink said. The results of that pilot will determine how soon the new Freedom cards will be made available, but PATCO officials say they were prompted to begin their trial by SEPTA's The Bank of New York Mellon Global Corporate Trust P.O.Box 2320 Dallas, Texas 75221-2320 The Bank of New York Mellon The Bank of New York Mellon Global Corporate Trust Global Corporate Trust 2001 Bryan Street, 9th Floor Corporate Trust Window Dallas, Texas 75201 101 Barclay Street, 1st Floor East New York, New York 10286 Under the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the paying agents making payments of interest or principal on municipal securities may be obligated to withhold a 28 tax from remittance to individuals who have failed to furnish the paying agent with a valid taxpayer identification number. Owners of the Bonds who wish to avoid the imposition of the tax should submit certified taxpayer identification numbers when presenting the Bonds for payment. The Issuer and TrusteeAgent shall not be responsible for the selection or use of the CUSIP Numbers selected, nor is any representation made as to their correctness indicated in the notice or as printed on any Bond.

They are included solely for the convenience of the holders. Pennsylvania Higher Educational Facilities Authority By: The Bank of New York Mellon Trust Company, N.A. as Trustee or Agent Bondholder Communications: 800-254-2826 Dated: May 30, 2018 Wednesday, May 30, 2018 PHILADELPHIA DAILY NEWS Philly.com Page 13.

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Pages Available:
1,706,350
Years Available:
1960-2024