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Vix Technology Agrees to Pay $2.1 Million to Settle Covid Relief Loan Fraud Case; CEO Says Penalty Won’t Affect ‘Operations or Financial Position’

by Dan BalabanPosted on May 1, 2025 (July 7, 2025)Posted in Closed LoopTagged Editor's Choice

Vix Technology Group recently agreed to pay $2.1 million to settle a fraud case alleging Vix made false claims on its application for a low-interest Covid relief loan. Vix CEO Aaron Ross insisted to Mobility Payments that the damages will have “no impact”...

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Cubic Hires Former Vix Chief as Head of Business Development, Replacing ‘Turnaround Expert’ in Post

by Dan BalabanPosted on June 11, 2024 (August 31, 2024)Posted in Closed LoopTagged Cubic

Cubic Transportation Systems has replaced its head of business development–and turnaround expert–Rich Varos with fare-industry veteran and former head of Vix Technology David Maitland, Mobility Payments has learned. The move, coming after Varos was in...

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Bid Award Challenged in Sweden’s No. 2 City by Ridango; but Displaced Incumbent Vix Declines to Appeal

by Dan BalabanPosted on April 18, 2024 (April 18, 2024)Posted in Open LoopTagged Sweden, Västtrafik

A contract award to Czech Republic-based vendor Mikroelektronika for a new fare system in Sweden’s second-largest city, Gothenburg, is on hold as officials handle an appeal from the vendor that came in second in the bidding, Estonia-based Ridango, Mobility...

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Tip Sheet: Vix Chief Ross Dismisses Talk of Merger with Kuba

by Dan BalabanPosted on March 13, 2024 (March 24, 2024)Posted in Closed LoopTagged Editor's Choice, Tmoney, Transport for London, Vix Technology

Vix Technology CEO Aaron Ross told Mobility Payments that even though he will continue to head up both Vix and Kuba and that the two fare vendors share a private equity owner and have a close working relationship, there are no plans for the companies to...

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Mikroelektronika Set to Unseat Incumbent Vix with Low Bid in Sweden’s No. 2 City; Can Vendor Deliver for Price?

by Dan BalabanPosted on February 14, 2024 (April 18, 2024)Posted in Open LoopTagged Sweden

Czech Republic-based fare-system provider Mikroelektronika submitted the low bid to win the procurement of a new fare system in Sweden’s second-largest city, Gothenburg, besting a field of bidders that included nearly 20-year incumbent supplier Vix...

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TIP SHEET: Vix and Kuba Ready to Merge? Also: Czech Vendor Wins in Sweden; Overhaul in Miami; Singapore ABT Update; Masabi Contract Expected

by Dan BalabanPosted on February 12, 2024 (March 13, 2024)Posted in Open LoopTagged Editor's Choice, NEORide, Vix

For several industry observers, the naming earlier this month of Kuba CEO Aaron Ross to also lead Vix Technology–replacing former Vix chief David Maitland–looks at lot like the start of an unannounced Vix-Kuba merger. Vix and Kuba are already sister...

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Tip Sheet: Vancouver Accepts Bids for Major System Upgrade–Another Must-Win for Cubic

by Dan BalabanPosted on April 13, 2026 (May 22, 2026)Posted in Open LoopTagged Tip Sheet, Vancouver, Wellington

Also: Wellington launches contactless payments Sunday–without Cubic. Got a tip for the Tip Sheet? Write to contact@mobility-payments.com [...]

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Search Results for: vix

Vix Technology Agrees to Pay $2.1 Million to Settle Covid Relief Loan Fraud Case; CEO Says Penalty Won’t Affect ‘Operations or Financial Position’

Cubic Hires Former Vix Chief as Head of Business Development, Replacing ‘Turnaround Expert’ in Post

Bid Award Challenged in Sweden’s No. 2 City by Ridango; but Displaced Incumbent Vix Declines to Appeal

Tip Sheet: Vix Chief Ross Dismisses Talk of Merger with Kuba

Mikroelektronika Set to Unseat Incumbent Vix with Low Bid in Sweden’s No. 2 City; Can Vendor Deliver for Price?

TIP SHEET: Vix and Kuba Ready to Merge? Also: Czech Vendor Wins in Sweden; Overhaul in Miami; Singapore ABT Update; Masabi Contract Expected

Tip Sheet: Vancouver Accepts Bids for Major System Upgrade–Another Must-Win for Cubic

Tip Sheet: Next Major Fare-System Contract Award Could be in Sydney; It’s a Must-Win for Cubic

Maitland Out at Cubic; CTS President Montgomery-Torrellas to Take Over ‘Growth’ Position Himself

Cubic’s Recently Installed Head of Europe Departs Abruptly; Maitland Under Pressure

San Francisco Bay Area Transit Operators Urge MTC to ‘Pursue all Contractual Remedies’ to Recover Lost Revenue, Costs for Clipper Problems

In-Depth: Who is Behind Little-Known Company Serving as Key Subcontractor for Winning Vendor of Sydney Contract?

Ex-Cubic President Torrellas Lands at Supply Chain Risk Management Company after Unsuccessful Three-Year Run at CTS

Cubic Could Face Penalties for Problem-Plagued Next-Generation Clipper Rollout in San Francisco

Paris Announces Plans to Enable Open-Loop Payments on Métro; Targets Tourists and Other Occasional Riders

In-Depth: Who is Behind Little-Known Company Serving as Key Subcontractor for Winning Vendor of Sydney Contract?

Cubic Could Face Penalties for Problem-Plagued Next-Generation Clipper Rollout in San Francisco

In-Depth: LA Metro Launches Open Loop in Time for World Cup; Last Top 10 U.S. Transit Agency to Support Technology

Montgomery-Torrellas Resigns as Cubic Transportation Systems President; Cubic Corp. CEO to Take Over as Interim Chief

Ex-Cubic Executives Worked on Winning Bid for INIT in Sydney, Helping Smaller Cubic Rival Score Major Upset