Torrellas Takes Over as President of Cubic Transportation Systems; Can He Get Vendor Back on Track?
Peter Torrellas this week officially took over as president of Cubic Transportation Systems, the largest fare-system supplier globally, but one that is facing major challenges in the market.
Torrellas replaces Jeffrey Lowinger, whose more than three-year tenure as head of Cubic Corp.’s transportation division was marked by the acquisition of the company by private equity, employee
With Less Than a Year to Go Before Olympics, will Paris Transit Authority be Ready with Ticketing?
Paris regional transit authority Île-de-France Mobilités, or IDFM, has promised to enable “100% of spectators to reach Olympic and Paralympic sites by public transport” next summer during the games.
The authority, an official Olympics and Paralympics partner, has pledged to increase capacity on its transport network by 15% to handle the expected spike in ridership.
San Diego Transit Agency to Target Infrequent Riders with Open-Loop Payments–at Least at First
The San Diego Metropolitan Transit System, or MTS, and a smaller affiliated transit agency are planning to introduce open-loop payments in April–deep in the heart of car-centric Southern California.
The open-loop rollout is part of an account-based fare system, which MTS and its main vendor, Germany-based INIT, began rolling out a little less than five years ago.
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
Can Transit Agencies Save Money with Open-Loop Payments?
Transit agencies often offer open-loop payments mainly for convenience–that is, to enable their customers to tap to pay for fares with their credit and debit cards and NFC wallets without having to buy a ticket or top-up a closed loop card.
Debate Panel Split on Whether Transit Agencies Should Support Concessions with Open Loop
Transit agencies rolling out open-loop payments have an important question or two to answer: Should they include concessionary discounts with their open-loop service, and, if so, how?
‘Frankly Outrageous’: Open-Loop Pioneer Says Interchange Fees for Transit Agencies Too High, Especially in U.S.
Shashi Verma, chief technology officer for Transport for London and the driving force behind the agency’s landmark open-loop payments service, called for greater regulation of interchange rates outside of the UK and European Union to reduce fees agencies pay.
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.
Special Report: How Much Has Open-Loop Payments Reduced Transport for London’s Cost of Fare Collection?
Backers of open-loop payments routinely promise that transit agencies can save substantially on their fare-collection costs by rolling out open-loop payments. But the amount agencies can cut from their ticketing budgets has proved difficult to pin down.
Uber Expands Transit Ticketing, but First Agencies to Sell Tickets through App See Low Adoption
Despite continued interest from transit agencies in selling tickets and passes through the Uber app, the first agencies to make the move are not seeing strong adoption.