Andrei Antipov

Article Highlights

Key Takeaway:

Tip Sheet: Paris transport authority expected to procure account-based back office; also: Debt woes continue for Cubic Corp.; Netherlands still stands by end date for 20-year-old Mifare card.

Key Data:

The spokesman did say use of open-loop payments in the Netherlands, called OVpay, had increased to 28% of trips taken with either credit and debit or OV-chipkaart as of the end of last month. That means riders took the rest of the trips, 72%, by tapping the Mifare-based OV-chipkaart.

Organizations Mentioned:

• IDFM (Paris)
• Paris Métro
• Conduent
• Modaxo
• Worldline
• RATP
• Cubic
• Scheidt & Bachmann
• Kuba
• Elliott Investment Mgmt.
• Veritas Capital
• Translink Systems

Also, debt woes continue for Cubic Corp.; Netherlands still stands by end date for 20-year-old Mifare card.

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