Cubic Archives - Mobility Payments

Cubic Corp. Hires Transportation Industry Veteran to Turn Around Its Troubled Fare-System Vendor

by Dan BalabanPosted on October 5, 2026 (October 14, 2026)Posted in Closed LoopTagged Cubic, Editor's Choice

Cubic Corp. has named a longtime transportation industry veteran, who served a stint as CEO of New York’s Metropolitan Transportation Authority, to head its troubled transportation unit, CTS. Elliot…

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Montgomery-Torrellas Resigns as Cubic Transportation Systems President; Cubic Corp. CEO to Take Over as Interim Chief

by Dan BalabanPosted on May 27, 2026 (August 14, 2026)Posted in Closed LoopTagged Cubic, Editor's Choice

Cubic Transportation Systems president Peter Montgomery-Torrellas has resigned, saying he was leaving June 19 for a “new opportunity,” which he didn’t name. Steve Slijepcevic, chairman and CEO of CTS parent…

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

by Dan BalabanPosted on November 6, 2025 (February 24, 2026)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 (February 24, 2026)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 Corp. Hires Transportation Industry Veteran to Turn Around Its Troubled Fare-System Vendor

Montgomery-Torrellas Resigns as Cubic Transportation Systems President; Cubic Corp. CEO to Take Over as Interim Chief

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?

Tip Sheet: Could Cubic Lose Another Big Contract in Vancouver?

Cubic Corp. Hires Transportation Industry Veteran to Turn Around Its Troubled Fare-System Vendor

Updated: Modaxo Completes Acquisition of Conduent Transit Unit; Renames Fare Business ‘Novvan’

Cubic and Moovel Intend to Protest Recommendation in Miami for $42 Million Contract Award to Masabi

U.S. Federal Rules Surface Again as Issue for Transit Agencies Outside California Buying Open-Loop Technology through Cal-ITP

Tip Sheet: Could Cubic Lose Another Big Contract in Vancouver?

Cubic Corp. Hires Transportation Industry Veteran to Turn Around Its Troubled Fare-System Vendor

Cubic and Moovel Intend to Protest Recommendation in Miami for $42 Million Contract Award to Masabi

Barcelona Transport Authority Sets Date for Launch of Open-Loop Payments…Again; Can It Make It This Time?

Miami-Dade County Recommends Masabi for Back Office Deal; If Approved by Board, Debt-Strapped Cubic Would Lose Another Contract as Incumbent