FT.com / World / UK - TfL drops proposal to expand Oyster card use:
By Sharlene Goff
Published: May 1 2006 03:00 | Last updated: May 1 2006 03:00
"Transport for London has abandoned initial expansion plans for its pre-pay Oyster card after failing to agree terms with a financial partner.
The transport agency had hoped to roll out a service this year that would have enabled passengers to use their Oyster cards - currently used on the London Underground, buses, and some trains - to buy low-value goods such as newspapers, coffee and sandwiches with 'electronic money' that would be loaded on to the card in advance.
But the transport agency said that setting up a link with a bank or financial services partner had so far proved too expensive"