Outside London bus companies have a direct incentive to collect fares
because they are taking the revenue risk. In London TfL takes the
revenue risk but fares used to be collected by the franchised bus
companies.Did they just turn over the cash to TfL at the end of the
day? How did TfL check that all the fares that should be paid were
paid? Does the move to Oyster Cards now mean that the cash now flows
straight from the consumer to TfL? In which case how does it check that
all passengers who should have checled through using their Oyster Cards
have done so? Does anybody keep a check on the number of young people
and pensioners using their concessionary travel?