Replacement for the token? – “Tim Cook Launches Apple Pay”

Article: Tim Cook Launches Apple Pay – The Wire.

Token -> Flash Pass -> mag stripe -> ?

So will the next step for fare collection be smart cards (a credit/debit card with a chip, à la Opus or Ventra) or smart phones?

If you don’t think Apple Pay (using NFC technology on the device) will influence this process, think again.  Look at music.