SAN DIEGO, Aug. 28, 2017 /PRNewswire/ -- Cubic
Transportation Systems (CTS), a business unit of Cubic Corporation
(NYSE:CUB), today announced that its Compass Card processed more
than one billion "taps" by Metro Vancouver's public transit users
since its launch in 2015. Compass Card is the contactless smart
card payment system designed and integrated by Cubic for
Vancouver's transportation
authority, TransLink. The system processes more than 43 million
card "taps" each month and over 1.5 million every weekday, with 95
percent of all fares now being paid using a Compass product.
"We are excited to achieve this milestone with TransLink in
exceeding one billion taps. This not only demonstrates the success
and reliability of our customer's Compass Card payment system, but
also the seamless and intermodal payment experience it provides,"
said Matt Cole, president of Cubic
Transportation Systems.
"This milestone of one billion taps demonstrates to me, the ease
with which our customers are using the Compass system and the way
it's helping to transform the travel experience for our customers,"
said Kevin Desmond, chief executive
officer of TransLink. "They enjoy the day-to-day benefits – the
ease of tapping, the ability to easily manage their card – and I'm
pleased to say Compass data is helping us design a better system
for our customers today and in the years ahead."
The Compass Card links all of TransLink's services and fare
products in Metro Vancouver to a single payment system, including
buses, West Coast Express, SkyTrain and SeaBus. The Compass system
replaces more than 150 different tickets and passes with one
easy-to-use, reloadable fare card. Customers have the option to
register their Compass Cards and manage their accounts online,
giving them the added convenience of loading products online,
signing up for AutoLoad on their card balance, as well as avoiding
the hassle of waiting in ticket vending machine lines.
In addition, the Compass system is supported by Cubic's services
and operations, which provide the system infrastructure, back
office, call center, card fulfillment and distribution as well as
field maintenance services for TransLink.
About Cubic Corporation
Cubic Corporation designs, integrates and operates systems,
products and services focused in the transportation, defense
training and secure communications markets. 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 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. Cubic Mission Solutions provides networked
Command, Control, Communications, Computers, Intelligence,
Surveillance and Reconnaissance (C4ISR) capabilities for defense,
intelligence, security and commercial missions. For more
information about Cubic, please visit the company's website at
www.cubic.com or on Twitter @CubicCorp.
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SOURCE Cubic Corporation