Cubic Archives - Mobility Payments

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

by Dan BalabanPosted on November 6, 2025 (November 15, 2025)Posted in Closed LoopTagged Cubic

There is growing talk of layoffs at Cubic Transportation Systems, although it’s unclear how many employees will lose their jobs. When asked, a Cubic spokesman did not immediately address the…

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

by Dan BalabanPosted on October 30, 2025 (November 7, 2025)Posted in Closed LoopTagged Cubic, Editor's Choice

David Maitland, who headed business development for Cubic Transportation Systems, is out after fewer than 18 months with the struggling fare-system supplier, Mobility Payments has learned. The vendor does not…

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

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

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

D.C. Transit Authority WMATA Releases Open-Payment Overlay Contract with Littlepay; Declines to Disclose Transaction Fees, including Interchange

Tip Sheet: Layoffs at Cubic–Vendor Says It Amounts to Only 2% of Workforce but Won’t Release Figures; Insiders Say Cuts Taking Toll on Engineers, Others

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

D.C. Transit Authority WMATA Releases Open-Payment Overlay Contract with Littlepay; Declines to Disclose Transaction Fees, including Interchange

Tip Sheet: Layoffs at Cubic–Vendor Says It Amounts to Only 2% of Workforce but Won’t Release Figures; Insiders Say Cuts Taking Toll on Engineers, Others

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