NEW YORK (CBSNewYork) – Could the MetroCard soon be as outdated as the subway token?

The MTA is starting a pilot program, aimed at phasing out the current payment system and making way for new technology.

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MTA officials have released their plan for a new fare payment system called OMNY, short for One Metro New York.

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FILE – A man swipes his MetroCard at the entrance to the subway at Grand Central Terminal. (Photo by Andrew Burton/Getty Images)

Riders would reportedly be able use their smartphone or tablet on future subway and bus readers. Credit, debit, or pre-paid cards could also be used in the OMNY system. The release did not address how riders who use cash to purchase MetroCards or single-ride passes will be accommodated.

Agency employees will begin testing the new equipment at 16 stations starting next week before it becomes available to the public in May.

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The MTA says it plans to phase the MetroCard out completely by 2023.