On 26 Nov, 01:41, Tom Anderson wrote:
On Sun, 25 Nov 2007, Mizter T wrote:

(snip)

I think it would fall foul of regulatory issues though. I understand
that if Oyster were to be used as a cashless payment system (for non-
transport services) then it would have to be regulated by the FSA as if
it were a bank - whilst as things stand, Oyster can only be used as an
electronic ticket for travel so it doesn't fall within the scope of this
regulation.

I've heard this story too. Not totally convinced by it. Especially in this
case, where, since TfL operate the museum, the card is being used to pay
TfL, exactly as with travel.

tom


Well, I guess the point is that the card would thus be being used to
pay for something other than travel - AIUI it's the fact that the card
is only used as an electronic ticket to pay for travel that exempts it
from this regulation.