Transit Technologies, LLC — Transit operating software suite

Master Agreement 010726-FAST is a cooperative purchasing contract between Sourcewell, a Minnesota local government unit, and Transit Technologies, LLC for the provision of a transit operating software suite and transportation services payment solutions. The contract provides over 50,000 participating government, educational, nonprofit, and tribal entities across the United States and Canada with access to prepaid transportation payment solutions, fare collection systems, and back-office platform services. Key deliverables include mobile ticketing, payment integration, fare capping, fraud detection, and real-time reporting, all designed to integrate with various mobility platforms. The agreement has an estimated value of 25 million dollars with a base term of four years, effective February 2, 2026, and potential extensions up to a maximum of seven years. Participating agencies receive tiered pricing, including a 20% to 25% MSRP discount on the core Payments Platform and an additional 10% discount for orders of 10 or more units. Performance is delivered on an as-required basis, with the supplier ensuring compliance with PCI-DSS, ADA, and FTA guidelines, as well as federal regulations including 2 C.F.R. 200 and the Buy American Act.