Starting this summer the price for single ride bus and train tickets in Chicago will jump from $2.25 to $3. That’s under Ventra, the Chicago Transit Authority’s new fare payment system. Riders who use the new reloadable Ventra card would still pay the regular fare of $2.25.

There will be four payment options. One will allow customers to use their own bank-issued debit cards to pay for transit. The Ventra Card will function the way the Chicago Card Plus does.

Ventra single ride ticket will cost $3.  That cost includes the original fare, a 25 cent fee for transfer, and a 50 cent charge for convenience.

The Ventra card will initially cost five dollars. But CTA spokeswoman Tammy Chase says that money would count toward fares.

“All you have to do is call or go online or come in person and register the card,” Chase said. “That five dollar fee is converted to stored value, and you never have to pay that fee again.”

Customers will still be able to pay with cash to board buses.

As the system is rolled out, CTA said there will be simultaneous acceptance of both Chicago Cards and Chicago Card Plus alongside the Ventra system. The new Ventra system is scheduled to be launched this summer. In the first half of 2014, there will be a full switchover to Ventra.

The CTA is holding a public hearing Monday to talk about the single ride fare hike.

Elliot Ramos contributed to this report.