Transport for London has terminated its contract with the Transys consortium that provides the Oyster ticketing system for the London Underground, buses and trams.
Dutch chipmaker NXP Semiconductors has sued a university in The Netherlands to block publication of research that details security flaws in NXP's Mifare Classic wireless smart cards, a market leading product used in public transport and building entry systems around the world.
Travellers in London were forced to pay full price fares on Saturday as the computer system for the Oyster travel smartcard encountered technical problems during the morning.
A Dutch researcher rode free on the London transit system, having hacked the public transit's card system; he used a clone of a paying passenger's transit cards. His point? The transit smartcards, which are used by millions worldwide, are vulnerable to attack.
Transport for London may replace its Oyster card with with new ticketing systems operated through mobile phones or bank cards.
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