After the TTC changed it's tokens and eliminated adult tickets, counterfeiting is still alive and well at the farebox. The TTC is losing $22,050 per week because of counterfeit tokens. Some of these frauds are so well duplicated they are able to fool the sensors in turnstiles at subway stations.
Fare evasion is not just limited to the TTC . Durham Region Transit also suffers from improper fares but I always found, the vast majority of passengers using DRT or any transit are honest and paying full fare. The best fare system I worked with was the Ajax Transit smart card. Even though it's not foolproof, it was still a good tool for bus drivers. It worked well in Ajax and it will work well again when Metrolinx and DRT start updating the fare collecting system with Presto Card in the winter 2011.
Transit authorities that have upgraded have notice a increase in cash revenue. Anaheim (Calif.) Transit Network (ATN) claimed a twenty fold increase. Using vending machines, Presto Cards will be available in more locations that the present point of sale now used for DRT tickets and passes. Smart cards also will eliminate paper waste. This can be accomplished by the none use of tickets and transfers. We should also see less fare disputes like ones reported by Simon Tonekham on his blog.
Related Link: TTC taken for a ride