You searched for masabi - Page 2 of 10

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 Cubic Transportation Systems. The primary analyst for the ratings change told...

Preview Article

Updated: Small U.S. Transit Agency Decides Not to Save Much-Used Closed-Loop Card; Replaces It with Open Loop

by Dan BalabanPosted on January 7, 2025 (January 31, 2025)Posted in Open LoopTagged Cal-ITP

A small U.S. transit agency in northeastern Pennsylvania has launched open-loop payments, with plans to shut down its closed-loop card program, which is used for more than half of its rides but which would have required a major overhaul. The agency, the...

Preview Article

In-Depth: Agencies See Opportunities–as well as Challenges–in Rolling Out Account-Based Ticketing

by Dan BalabanPosted on December 5, 2024 (February 11, 2025)Posted in Mobile TicketingTagged Account-Based Ticketing, NEORide, NTA

Account-based ticketing offers big potential for transit agencies, but also poses challenges, a panel of representatives from agencies in Europe, the Middle East and North America that have rolled out the technology or are in the process of doing so said...

Preview Article

U.S. Agency Pulls Back from Going Cashless, Citing Some Rider Complaints

by Dan BalabanPosted on October 24, 2024 (October 25, 2024)Posted in Mobile TicketingTagged Cashless, Masabi

A transit agency in Knoxville, Tenn., yesterday introduced account-based ticketing, fare capping and new reloadable contactless cards, all geared–at least in part–to enable the agency to eliminate cash acceptance on board its buses. It would have made...

Preview Article

U.S. Agency Releases First Details about Reasons for ‘Emergency Procurement’ to Replace Fare System; is It Enough?

by Dan BalabanPosted on October 16, 2024 (November 13, 2024)Posted in Mobile TicketingTagged CapMetro, Cubic, Editor's Choice, Siemens Mobility

Texas transit agency Capital Metro said 1.25 million fare transactions went unprocessed during a 30-day period last spring by its incumbent vendor, Siemens Mobility, according to the agency in a newly released document that seeks to justify the “emergency...

Preview Article

Australia: Cubic Notches Contract in Tasmania by ‘Leveraging’ Its Larger Queensland Project in ‘Platform-as-a-Service’ Play

by Dan BalabanPosted on October 14, 2024 (October 14, 2024)Posted in Open LoopTagged Australia, Editor's Choice, Tasmania

Seeking “big city” features for its fare system, the small Australian state of Tasmania has decided to plug into the back office of a much larger fare system that is under development by Cubic Transportation Systems in the state of Queensland. The...

Preview Article

Cubic Planning Open-Loop Payments Product as Part of New Business Unit

by Dan BalabanPosted on October 9, 2024 (December 8, 2024)Posted in Open LoopTagged Cubic

Cubic Transportation Systems’ new business unit, Mobility Essentials, which will oversee the vendor’s software-as-a-service ticketing platform, Umo, will also offer an open-loop payments product that has yet to launch, Mobility Payments has learned. The...

Preview Article

In-Depth: Cubic’s Hardware-Free Option for Mobile Ticketing; Will It Find a Market?

by Dan BalabanPosted on October 4, 2024 (November 28, 2024)Posted in Mobile TicketingTagged Cubic, Umo

Cubic Transportation Systems has introduced an option for riders to scan printed QR codes with the vendor’s Umo mobile-ticketing app, targeting its main North American market. The option, first trialed by Cubic in taxis last year in Chile, is aimed at...

Preview Article

Tip Sheet: Washington, D.C., Short Lists Vendors for Open-Loop Payments Project

by Dan BalabanPosted on October 2, 2024 (December 4, 2024)Posted in Mobile Ticketing, Open LoopTagged Editor's Choice, SEPTA, WMATA

The Washington (D.C.) Metropolitan Area Transit Authority, or WMATA, one of the largest subway operators in the U.S., has narrowed its procurement for an open-loop payments project to a short list containing as few as two vendors, Mobility Payments has...

Preview Article

U.S. Agency CapMetro Calls ‘Emergency Procurement’ that Hired Cubic to Replace Incumbent Vendor Bytemark a ‘Pressing Urgency’

by Dan BalabanPosted on September 30, 2024 (October 13, 2024)Posted in Mobile TicketingTagged Editor's Choice

U.S. transit agency Capital Metro has issued its first public statement since conducting what it termed an “emergency procurement” to replace its current fare vendor, Siemens-owned Bytemark, with Cubic Transportation Systems, telling Mobility Payments it...

Preview Article

Search Results for: masabi

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

Updated: Small U.S. Transit Agency Decides Not to Save Much-Used Closed-Loop Card; Replaces It with Open Loop

In-Depth: Agencies See Opportunities–as well as Challenges–in Rolling Out Account-Based Ticketing

U.S. Agency Pulls Back from Going Cashless, Citing Some Rider Complaints

U.S. Agency Releases First Details about Reasons for ‘Emergency Procurement’ to Replace Fare System; is It Enough?

Australia: Cubic Notches Contract in Tasmania by ‘Leveraging’ Its Larger Queensland Project in ‘Platform-as-a-Service’ Play

Cubic Planning Open-Loop Payments Product as Part of New Business Unit

In-Depth: Cubic’s Hardware-Free Option for Mobile Ticketing; Will It Find a Market?

Tip Sheet: Washington, D.C., Short Lists Vendors for Open-Loop Payments Project

U.S. Agency CapMetro Calls ‘Emergency Procurement’ that Hired Cubic to Replace Incumbent Vendor Bytemark a ‘Pressing Urgency’

Paris Transport Authority Still Insists Costs Too High to Support Open Loop, but Resistance Appears to be Falling

Masabi Wins Montreal Contract, Beating Out Cubic, Likely Conduent

Barcelona Transport Agency Sets Date for Launch of Open-Loop Payments–Two Years Late

New Zealand Taps CTO of Country’s Largest Transport Agency to Try to Get National Ticketing Project Back on Track

New Zealand Government Believed to be Replacing Head of National Ticketing Program Amid Concerns Over Project Delays

Paris Transport Authority Still Insists Costs Too High to Support Open Loop, but Resistance Appears to be Falling

Transport for London Expected to Reveal Winner of Major Revenue-Collection Contract within Weeks

In-Depth: Washington, D.C., Launches Open-Loop Payments on Subway with Overlay Technology; but Transit Agency Incurs Extra Costs

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