Cubic Archives - Mobility Payments

Cubic to Launch Open-Payment Overlay Product, Introduces New Pricing Strategy, as It Seeks to Revamp Umo Offer

by Dan BalabanPosted on March 26, 2025 (May 2, 2025)Posted in Mobile TicketingTagged Cubic, Editor's Choice

Cubic Transportation Systems plans to launch its “open-payment overlay” product within 90 days, seeking to give transit agencies the potential to launch open-loop payments with low upfront costs, like the…

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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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Cubic Sues to Block Release of Records by LA Metro Related to Sole-Source Contract

by Dan BalabanPosted on January 31, 2025 (May 14, 2025)Posted in Open LoopTagged Cubic, Editor's Choice, LA Metro

Cubic Transportation Systems has gone to court to block Los Angeles Metro from releasing documents that are part of a $66.4 million no-bid contract upgrade Cubic won last year. The…

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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…

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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…

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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…

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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,…

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Cubic This Week Sees Transit Boards Act on Its Contracts in Four Major U.S. Cities–the Results were Mixed at Best

by Dan BalabanPosted on May 24, 2024 (June 7, 2024)Posted in Closed LoopTagged Cubic, Editor's Choice

Board members for transit agencies in four major U.S. cities this week either proposed or approved changes to their contracts with the same fare systems vendor–Cubic Transportation Systems. Overall, it…

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Cubic Confirms It Outscored Indra on Technical Points, Despite Losing Big Contract in Ireland

by Dan BalabanPosted on May 2, 2024 (December 4, 2024)Posted in Open LoopTagged Cubic, Editor's Choice, Indra

Cubic Transportation Systems has confirmed that it topped the winning vendor, Spain-based Indra, on technical points in the recent competition for the large next-generation ticketing system contract in Ireland, Mobility…

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Tip Sheet: Cubic Lays Off More Employees; Contends It Needs to ‘Become Leaner’ and More Competitive

by Dan BalabanPosted on April 15, 2024 (May 15, 2025)Posted in Closed LoopTagged Cubic, Montreal, SEPTA

Cubic Transportation Systems is laying off more employees in an effort, it says, to “become leaner and more responsive” to the market, Mobility Payments has learned. The U.S.-based vendor, the…

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Cubic to Launch Open-Payment Overlay Product, Introduces New Pricing Strategy, as It Seeks to Revamp Umo Offer

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

Cubic Sues to Block Release of Records by LA Metro Related to Sole-Source Contract

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

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?

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

Cubic This Week Sees Transit Boards Act on Its Contracts in Four Major U.S. Cities–the Results were Mixed at Best

Cubic Confirms It Outscored Indra on Technical Points, Despite Losing Big Contract in Ireland

Tip Sheet: Cubic Lays Off More Employees; Contends It Needs to ‘Become Leaner’ and More Competitive

Las Vegas Transit Agency Thought Tourists would Use Open-Loop Payments More than Residents; It was Wrong

Major San Francisco Transit Operator BART to Launch Open-Loop Payments Tomorrow following Delays

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

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

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

Major San Francisco Transit Operator BART to Launch Open-Loop Payments Tomorrow following Delays

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

Special Report: Ultra-Wideband Holds Much Promise to Power Hands-Free Ticketing; but Backers Must First Overcome Significant Challenges

Tip Sheet: Speculation Aside on Contract Winner, Losing London would be ‘Big Blow’ to Cubic

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