Closed Loop Archives - Page 3 of 11

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…

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Tip Sheet: Sydney’s Transport for NSW Says Procurement of Opal Next-Gen System Still on Track; Also, Why Kurt Brissett Likely Left the Agency

by Dan BalabanPosted on April 30, 2025 (June 2, 2025)Posted in Closed LoopTagged Editor's Choice, Netherlands, New Zealand, Transport for New South Wales

Also in this article: White-Label Technology Gets Slight Boost from Dutch Project; New Zealand Rollout Delayed Again; Agency Said to be Unhappy with Cubic’s Progress. Please write to contact@mobility-payments.com with…

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Despite Nationwide Open-Loop Rollout, Netherlands Predicts Closed-Loop Card will Remain Most-Used Payments Method

by Dan BalabanPosted on April 14, 2025 (July 3, 2025)Posted in Closed Loop, Open LoopTagged Netherlands

Dutch transport operators and their national ticketing agency have disclosed updated details for rolling out a new white-label closed-loop card, while adding two months to the date when they plan…

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Ridango Gets New Owner, New HQ and Says It’s Looking for New Acquisitions; Can It Shed Its Status as a Regional Player?

by Dan BalabanPosted on March 26, 2025 (May 14, 2025)Posted in Closed LoopTagged Ridango

The chief of fare-system supplier Ridango says the vendor doesn’t plan “any shift in the company’s strategic direction” now that it has a new majority owner. But he added that…

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Scheidt & Bachmann Believed to have Lost U.S. Contract, though Few Details Leak about Likely Termination of Deal

by Dan BalabanPosted on February 28, 2025 (April 28, 2025)Posted in Closed LoopTagged Editor's Choice, Scheidt & Bachmann

Vendor Scheidt & Bachmann is believed to have lost a major contract it was awarded in 2021 to overhaul the fare system of Baltimore and the surrounding metropolitan area by…

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Ratings Agency Warns of ‘Onerous Debt Burden’ for Cubic, but Says Vendor’s Transit Clients Shouldn’t Worry

by Dan BalabanPosted on February 17, 2025 (April 28, 2025)Posted in Closed LoopTagged Cubic

S&P Global, a major ratings agency, has downgraded Cubic Corp.’s credit rating to CCC+ from an already low B-, warning of an "onerous debt burden" for the company that includes…

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Conduent Says Its Melbourne Fare Project is ‘Progressing Well’; That’s Not Exactly the Consensus Opinion in Victoria

by Dan BalabanPosted on February 13, 2025 (March 14, 2025)Posted in Closed LoopTagged Editor's Choice, Melbourne

The planned fare system in Melbourne and Victoria state in Australia is believed to be at least two years behind schedule, a key subcontractor has left the job and Victoria…

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Abu Dhabi Procuring Account-Based Ticketing System; Process May Have Reached New Stage

by Dan BalabanPosted on February 6, 2025 (May 15, 2025)Posted in Closed LoopTagged Abu Dhabi, Dubai

One or more short-listed vendors for Abu Dhabi’s planned fare system are believed to have made their pitches to the Integrated Transport Centre in recent days and weeks, Mobility Payments…

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In-Depth: Cubic Gets Must-Win Contract in Philadelphia, Beating Accenture on Price; Incumbent Conduent Sent Packing

by Dan BalabanPosted on January 27, 2025 (September 18, 2025)Posted in Closed LoopTagged Editor's Choice, Philadelphia, SEPTA

Cubic Transportation Systems, as expected, won a major fare-system contract from the Southeastern Pennsylvania Transportation Authority in Philadelphia, with the SEPTA board approving a $211 million deal Thursday. It was…

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Another Report Surfaces of Problems for Conduent Project in Melbourne

by Dan BalabanPosted on January 21, 2025 (February 22, 2025)Posted in Closed LoopTagged Melbourne

A local report that hit over the weekend is pointing to more problems for Melbourne’s AU$1.7 billion (US$1.1 billion) fare-system overhaul, with a key subcontractor reported to have walked away…

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Category: Closed Loop

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’

Tip Sheet: Sydney’s Transport for NSW Says Procurement of Opal Next-Gen System Still on Track; Also, Why Kurt Brissett Likely Left the Agency

Despite Nationwide Open-Loop Rollout, Netherlands Predicts Closed-Loop Card will Remain Most-Used Payments Method

Ridango Gets New Owner, New HQ and Says It’s Looking for New Acquisitions; Can It Shed Its Status as a Regional Player?

Scheidt & Bachmann Believed to have Lost U.S. Contract, though Few Details Leak about Likely Termination of Deal

Ratings Agency Warns of ‘Onerous Debt Burden’ for Cubic, but Says Vendor’s Transit Clients Shouldn’t Worry

Conduent Says Its Melbourne Fare Project is ‘Progressing Well’; That’s Not Exactly the Consensus Opinion in Victoria

Abu Dhabi Procuring Account-Based Ticketing System; Process May Have Reached New Stage

In-Depth: Cubic Gets Must-Win Contract in Philadelphia, Beating Accenture on Price; Incumbent Conduent Sent Packing

Another Report Surfaces of Problems for Conduent Project in Melbourne

In Harsh Response to Cubic’s Lawsuit, Transport for London Contends It Could have Rejected Vendor on Several Grounds

Tip Sheet: Layoffs Expected at Cubic; Fare Vendor Discloses ‘New Operating Model,’ Though Releases Few Details

Vancouver Transit Authority Issues RFP for Major Fare-System Upgrade; Believed to Have Rejected Sole-Source Proposal

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

Update on Swedish Procurements, including Recent Validator Competition Attracting Nine Bidders

In Harsh Response to Cubic’s Lawsuit, Transport for London Contends It Could have Rejected Vendor on Several Grounds

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

Cubic Contends It was Low Bidder and should have Won London Contract; Claims Unfair Treatment, Possible Conflict of Interest as Details of Lawsuit Emerge

Review of New Zealand National Fare Project Predicts More ‘Significant Delays’ and Likely Cost Overruns; Government in ‘Commercial' Talks with Cubic, Others