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

by Dan BalabanPosted on Posted in Closed LoopTagged ,
London Buses
Cubic Transportation Systems contends that it submitted a lower bid than rival Indra Systems for Transport for London’s revenue-collection contract and says it should have won the contract but alleges it was treated unfairly in the competition for the...

Cubic Execs Seek to Calm Worries among Agencies and Employees as Its Poor Showing in London and Lawsuit against TfL Sink in

by Dan BalabanPosted on Posted in Closed LoopTagged ,
Less than a week after the stunning disclosure by Cubic that it had filed a lawsuit against Transport for London seeking to challenge the loss of the agency’s coveted revenue-collection contract, executives are trying to allay concerns among other transport...

Is Cubic Challenging London Decision? Sources Say Vendor Sent ‘Letter’ to TfL about Contract Award; CEO Today Said Contract ‘Still in a Standstill Period’

by Dan BalabanPosted on Posted in Closed LoopTagged
Cubic Corp. Chairman and CEO Stevan Slijepcevic, when asked during a companywide “town hall” meeting for employees today about the status of the London revenue-collection contract, said that the vendor is “still in a standstill period and thus cannot...

Tip Sheet: Fare Officials from Major Transit Agencies, Including New York and London, Believed to be Discussing How to Deal with Payments Industry

by Dan BalabanPosted on Posted in Open LoopTagged ,
OMNY gates
Fare payments representatives with major transit agencies in Europe, North America and Australia have been quietly meeting to discuss merchant fees and fraud around open-loop payments, Mobility Payments has learned. Also: Australian Government Launches...
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