Cubic Open Payment System On Display at Smart Card Alliance Event in Philadelphia

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The open payment system delivered by Cubic Transportation Systems to the Port Authority Transit Corporation (PATCO) commuter rail system that runs from New Jersey to Philadelphia will be featured at the Smart Card Alliance Transportation Council Meeting September 18-19, nearly one year after launch.

The open payment system delivered by Cubic Transportation Systems to the Port Authority Transit Corporation (PATCO) commuter rail system that runs from New Jersey to Philadelphia will be featured at the Smart Card Alliance Transportation Council Meeting September 18-19, nearly one year after launch.

The annual gathering of public transportation executives and industry technology suppliers, sponsored in part by Cubic, includes two days of presentations and roundtable discussions on the trends in fare payment that are driving new fare collection system implementations. Cubic is the leading integrator of payment and information technology and services for intelligent travel solutions.

In 2011, PATCO partnered with Cubic to create one of the world’s first open payment programs for public transit. The system accepts the four major card brands – American Express, Discover, MasterCard and Visa – in any contactless form, whether a plastic bank card or a virtual card in an NFC-enabled smart phone wallet, as well as accepting the first transit-agency branded, contactless Visa prepaid card in the world. That prepaid payment card, the Wave & Pay ANYWHERE Card, debuted on September 26, 2011, and was among one of the first times that consumers had been able to use the same transit payment card for both transit and retail purchases at any retailer that accepts debit or credit payments.

Southeastern Pennsylvania Transportation Authority (SEPTA), the transit services operator for Philadelphia and surrounding counties and PATCO’s regional partner, is hosting the Transportation Council Meeting.

Cubic® Transportation Systems, Inc. is part of Cubic Corporation. Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services for U.S. and allied nations.

Cubic Transportation Systems, Inc., is a leading integrator of payment and information technology and services for intelligent travel solutions. Cubic delivers integrated solutions that help transport operators manage their operations and services and give passengers choices in the smartest and easiest ways to pay their fares. Cubic specializes in design, development, manufacture, supply, installation, integration, services and information. Services provided by Cubic include on-site management, central systems, operations support, patron support, business support and field services.

Every year, nearly 10 billion rides are taken worldwide using Cubic payment and information systems. Cubic has delivered over 400 projects in 40 major markets on five continents. Active projects include London; Brisbane (Southeast Queensland) region, Australia; New York/New Jersey region; Washington, D.C. /Baltimore/Virginia region; Los Angeles region; San Diego region; San Francisco region; Minneapolis/St. Paul; Chicago; Atlanta region; Miami (South Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales), Australia; Germany and Scandinavia.

For more information about Cubic, see the company's Web site at http://www.cubic.com.

Contacts:

Montner & Associates
Debra Montner
203-226-9290 ext. 12 (office)
203-984-7861 (mobile)
dmontner(at)montner(dot)com

Timothy A. Hill
Director of Corporate Communications
Cubic Corporation
858-505-2430 (office)
858-232-2927 (mobile)
timothy(dot)hill(at)cubic(dot)com

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