Cubic Appoints New President for Fare Business Division, as It Prepares for Possible Sale
Cubic Corp., the largest supplier of fare-collection systems globally, has hired a new top executive for its Transportation Systems division, appointing an executive from U.S.-based defense and infrastructure technology company Parsons Corp.
Cubic named Peter Torrellas, president of the connected communities business unit at Parsons, as Cubic’s private equity owners prepare
Text of Letter to Top Official in Melbourne Details Cubic Attack on Conduent’s Credentials
Top Cubic executives accused government procurement officials in Melbourne of failing to independently verify rival Conduent's credentials, contending that this was a key reason Cubic lost a 15-year, AU$1.7 billion (US$1.1 billion) fare-system contract to its rival.
Boston Agency MBTA Hires Vendor to Extend Life of Existing Fare System, as It Waits for Cubic to Complete Project
The Massachusetts Bay Transportation Authority, or MBTA, in Boston recently approved another contract with Scheidt & Bachmann, as it seeks to extend the life of its existing fare-collection system until a delayed new fare system from Cubic Transportation Systems arrives.
The MBTA board unanimously approved a $51 million contract with Scheidt & Bachmann, longtime vendor of the agency’s closed-loop CharlieCard program.
U.S. Agency Bypassed Low-Cost Suppliers in Awarding Fare-Collection System Contract
The Utah Transit Authority received responses from eight vendors to its request for proposal for a new fare system, with five of the vendors submitting lower cost bids than the vendor the authority ended up choosing for the contract, documents obtained by Mobility Payments show.
Open-Loop-Leaning Panel Sees Role for Closed-Loop Payments in Transit
Despite the growth of open-loop payments, closed loop will continue to play a necessary role for transit agencies, especially to accommodate the unbanked and underbanked and customers that don’t want to use their credit or debit cards to pay fares, panelists at a recent Visa-sponsored webinar said.
Philadelphia Transit Agency Seeks to Overhaul ‘Troubled’ Fare System
For years, Philadelphia transit authority SEPTA was supposed to be the next big agency in North America to support open-loop payments. Now it appears that a launch of open loop might not happen until at least 2026, as part of an overhaul of a fare system that has been beset by delays and cost overruns.
Utah Transit Agency Hires Vendor for New Fare-Collection System
The Utah Transit Authority has hired fare-collection system vendor Scheidt & Bachmann to implement and host its new account-based ticketing system, including replacing all validators and ticket-vending machines and also swapping out its mobile-ticketing system, which itself was replaced on an interim basis last year.
Special Report: Despite Industry Push, Few Transit Agencies Rolling Out ‘Closed-Loop EMV’ So Far
Transit agency Storstockholms Lokaltrafik, or SL, in Stockholm launched what is believed to be the industry’s first rollout of white-label EMV cards for its closed-loop customers in September 2021. To date it has issued around 1.5 million cards, which customers use frequently.
Canadian City to Launch Its First Closed-Loop Contactless Card Rollout Today
Canada’s fifth largest city, Edmonton, launches its first electronic fare card today, with the closed-loop contactless Arc card becoming available for standard adult fares. An open-loop payments service will eventually follow, Cameron Grayson, director, transit innovation programs for the Edmonton Transit Service, or ETS, told Mobility Payments in a statement.
Transport for London Launches Procurement of Major Fare-Collection Contract
Transport for London yesterday launched its much-anticipated call for tenders to find the next vendor to run its high-profile fare-collection system–with the so-called “Project Proteus” expected to be one of the most expensive and complex fare-system contracts now in play globally.