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Cubic and Transport for New South Wales to Expand Open Payment Trial in Sydney
Cubic Transportation Systems demonstrates contactless bankcard technology developed with Transport for London can be adapted for other transit systems
SAN DIEGO, March 12, 2018 /PRNewswire/ -- Cubic Corporation (NYSE: CUB) today announced its Cubic Transportation Systems (CTS) business division and Transport for New South Wales will expand the open payment trial, which was introduced to bring contactless ticketing into Australia, across the entire Sydney ferry and light rail network.
"In New South Wales (NSW), we know transport is no longer just about infrastructure but also about embracing technology to provide the best services possible for our customers," said Andrew Constance, NSW transport minister. "The integration of contactless transport payments into the Opal ticketing system makes the purchasing of one-off fares quick, easy and seamless, providing choice and convenience to customers." "The trial has been a very important test for this complex new technology and we are delighted that contactless will now be expanded further," said Tom Walker, senior vice president and managing director of CTS Asia-Pacific. More than 15,000 passengers have used their Mastercard to tap on and pay for travel across Sydney Harbour since the trial began on the Manly Ferry service in July 2017. With this contactless trial extension, customers will now also be able to use American Express and Visa cards to pay for their travel. Contactless promises to bring major benefits for both consumers and operators, and the trial has demonstrated that the technology Cubic pioneered with Transport for London can be adapted to fit Australia's unique environmental and regulatory conditions. Across London, more than 2.1 million journeys are now made using contactless on its bus, Tube and rail services every day. Open payment will not replace Opal, which is now used by nearly 14 million people a week but will provide freedom of choice when it comes to paying for travel. "Australians are keen adapters of technology and we expect to see a rapid adoption of contactless here," said Walker. "In addition, Cubic is continually evolving Opal to take advantage of best-of-breed technology developments that the company is investing in and deploying around the world." About Cubic Corporation Cubic is a market-leading, technology provider of integrated solutions that increase situational understanding for transportation, defense C4ISR and training customers worldwide to decrease urban congestion and improve the militaries' effectiveness and operational readiness. Cubic Transportation Systems is a leading integrator of payment and information technology and services to create intelligent travel solutions for transportation authorities and operators. Cubic Mission Solutions provides networked Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) capabilities for defense, intelligence, security and commercial missions. Cubic Global Defense is a leading provider of live, virtual, constructive and game-based training solutions, special operations and intelligence for the U.S. and allied forces. For more information about Cubic, please visit the company's website at www.cubic.com or on Twitter @CubicCorp.
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