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Common Stored Value Ticket was a system of plastic magnetically sensitive card used for paying fares on the MTR and KCR railway systems in Hong Kong from 1984 to 1999. A magnetic stripe card is a type of card capable of storing Data by modifying the Magnetism of tiny iron-based magnetic particles on a band of magnetic material MTR, or Mass Transit Railway, is the Rapid transit Railway system in Hong Kong. Hong Kong ( officially the Hong Kong Special Administrative Region, is a territory located on China 's south coast on the Pearl River Delta, and borders Year 1984 ( MCMLXXXIV) was a Leap year starting on Sunday (link displays the 1984 Gregorian calendar) Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) It was also used on Citybus and KMB for some MTR and KCR feeder bus services. Citybus Limited ( is one of the three major bus operators in Hong Kong. "KMB" redirects here For the record label see KMB Jazz. The system was replaced by the Octopus card system in 1997 and phased out on 2 January 1999. The Octopus card is a rechargeable contactless stored value Smart card used to transfer electronic payments in online or offline systems in Hong Year 1997 ( MCMXCVII) was a Common year starting on Wednesday (link will display full 1997 Gregorian calendar Events 366 - The Alamanni cross the frozen Rhine River in large numbers invading the Roman Empire. Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) The MTR and KCR have continued to issue magnetic strip cards for single-journey and souvenir tickets.

History

In 1981, MTR Corporation started using magnetic strip cards as tickets. Year 1981 ( MCMLXXXI) was a Common year starting on Thursday (link displays the 1981 The turnstile would confiscate the ticket when the passenger leaves the subway system.

On 15 October 1984, KCR automated its ticketing system. Events 533 - Byzantine General Belisarius makes his formal entry into Carthage, having conquered it from the Year 1984 ( MCMLXXXIV) was a Leap year starting on Sunday (link displays the 1984 Gregorian calendar) The two companies jointly produced the Common Stored Value Ticket.

On 31 August 1998, MTR and KCR announced that the tickets were no longer to be sold. Events 1056 - Byzantine Empress Theodora becomes ill dying suddenly a few days later without children to succeed the Throne Year 1998 ( MCMXCVIII) was a Common year starting on Thursday (link will display full 1998 Gregorian calendar) They would be replaced by the Octopus card starting on 2 January 1999. Events 366 - The Alamanni cross the frozen Rhine River in large numbers invading the Roman Empire. Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar)



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