Skip to Content
Federal Reserve Bank of Chicago
  • About Us
  • Contact Us
  • Newsroom
  • Tours
  • Jobs
  • Banking
  • Research
  • Markets
  • Publications
    • Periodicals
    • Data Releases
    • Speeches
  • Events
  • Education
  • People
  • Region
  • Share
  • Print
    • Text Size
    • Smaller
    • Larger
CFL cover
On This Page
April 2006, No. 225
  • Download Entire Publication
Last Updated: 03/15/2006

Inducing More Efficient Payment on the Illinois Tollway

Gene Amromin, Carrie Jankowski, Richard Porter

All vehicles were required to come to a full stop at many toll plazas and pay with coins or dollars. To combat fraud and improve efficiency, in 1993 the Illinois Tollway introduced an electronic payment option—a radio frequency identification device (RFID)—brand-named I-PASS. Cars equipped with an I-PASS have the correct toll amount deducted electronically upon passing through specially equipped toll gates. RFID technology has now improved enough to allow I-PASS payments while traveling at highway speeds. Such “open road tolling” is effective in reducing the congestion that often occurs near toll plazas. However, its success requires a significant capital expenditure by the Tollway, as well as a critical mass of motorists ready to use it.

  • Share
  • Print
Subscribe Now

Register to receive email alerts when new issues are published.

Subscribe
More by this Author

Gene Amromin

  • Debit Card and Cash Usage: A Cross-Country Analysis
  • Do Financial Counseling Mandates Improve Mortgage Choice and Performance? Evidence from a Legislative Experiment

Carrie Jankowski

  • Using Payment Innovations to Improve Transportation Networks: A Conference Summary (Special Issue)
  • Payments Pricing: Who Bears the Cost?—A Conference Summary (Special Issue)

Richard Porter

  • Against the Tide—Currency Use among Latin American Immigrants in Chicago
  • Transforming Payment Choices by Doubling Fees on the Illinois Tollway
Related Topics
  • The Price of Gasoline and the Demand for Fuel Economy: Evidence from Monthly New Vehicles Sales Data
  • Why is Inflation So Low?
  • Would banks buy daytime fed funds?
  • Banking Insights: International Banking in the Seventh Federal Reserve District
View All

Follow Us:

FaceBook RSS Twitter YouTube
  • About Us
  • Contact Us
  • Newsroom
  • Subscribe
  • Tours
  • Jobs
Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322
Copyright © 2012. All rights reserved. Please review our
  • Privacy Policy
  • Legal Notices