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Updated with Judgment: UK Court Allows Transport for London to Enter into Revenue-Collection Contract with Indra

by Dan BalabanPosted on Posted in Open LoopTagged ,
Spain-based Indra Group announced today it has signed the new revenue-collection contact with Transport for London–a deal worth up to £845 million (US$1.1 billion) to operate and maintain TfL’s massive fare system. The High Court of Justice yesterday...

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

by Dan BalabanPosted on Posted in Closed LoopTagged ,
Transport for London contends that it would have rejected Cubic Transportation Systems’ tender for the agency’s revenue-collection contract even if the vendor had not been automatically knocked out of the competition by failing the first technical...

Breaking: Cubic Transportation Systems Files Legal Challenge to Transport for London Decision on Revenue-Collection Contract Award

by Dan BalabanPosted on Posted in Closed LoopTagged ,
Cubic Transportation Systems president Peter Montgomery-Torrellas told employees today that the vendor was legally challenging the decision last month by Transport for London on award of its lucrative revenue-collection contract. While Montgomery-Torrellas...

Transport for London Committee Approves New Revenue-Collection Contract, but Agency Stays Mum on Winner; Speculation Grows

by Dan BalabanPosted on Posted in Closed LoopTagged ,
Transport for London’s finance committee approved the agency’s new revenue-collection contract earlier this week, but the agency declines to say who won, promising only that the winning vendor will be announced “in due course.” As Mobility Payments...

As Use of Digital Wallets Grows with Open Loop, Transport for London and other Agencies being Hit by ‘Retokenization’ Fraud

by Dan BalabanPosted on Posted in Open LoopTagged ,
Digital wallets are fast becoming the preferred method of payments for transit riders using open loop, with some major agencies recording well over half of their open-loop transactions coming from mobile devices, as Mobility Payments reported. But for at...
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