Management & Operations

MasterCard, Cubic announce global fare payment partnership

Posted on March 3, 2015

At Mobile World Congress, MasterCard announced a global partnership with Cubic Transportation Systems, a provider of smart city solutions across North America, Europe, Middle East and Asia-Pacific. The alliance is designed to help the millions of daily commuters around the world experience faster, more convenient and personalized ways to get around, tapping into the power of their mobile devices.

With more than one-half of the world’s population already living in cities, many transportation systems have reached capacity. Transportation authorities are looking for ways to better manage existing demand and create investments in new infrastructure. The penetration of smart devices is opening up new opportunities for service operators to connect with transportation users before, during and after a journey — and in turn provide a more tailored and efficient experience.

By combining MasterCard’s leadership in everyday payments and loyalty management with Cubic’s “NextCity” platform the partners aim to develop solutions that:

  • Provide individual travelers with real-time guidance on their mobile devices on the smartest way to travel, offering fare incentives if the system becomes congested or overcrowded.
  • Enable transportation operators to offer flexible pricing based on system demand.
  • Offer retailers at and around transportation hubs ways to alert travelers to personalized offers and rewards on the go.

As part of the agreement, MasterPass, MasterCard’s secure digital payment service, will be integrated with Cubic’s NextWave ticketing and journey planning app.

The partnership will help accelerate the conversion of the currently $200 billion cash payments into digital payments, saving operators cost for cash-handling and speeding up through-put. By introducing globally interoperable payment solutions for urban transportation systems, traveling between cities will become much easier, with no need to carry multiple tickets.

View comments or post a comment on this story. (0 Comments)

More News

Cubic opens global ops center for transportation services

The new center utilizes Cubic’s latest innovations, including cloud-based enterprise software, best-in-class service management tools and advanced analytics.

AC Transit develops open source software

Open Source is a global movement that has gained acceptance as a way to produce high-quality software without the cost associated with commercial solutions.

Ore.'s Lane Transit District to add 14,000 hours of new bus service

The investment focuses on increasing service on LTD’s most used routes including the EmX serving downtown Eugene, downtown Springfield and the Gateway area, Route 11 serving Springfield’s Thurston area, and Routes 66 and 67 serving North Eugene.

Committee recommends interim CEO to lead Baton Rouge's CATS

William "Bill" Deville, who has been leading the agency since April, stepped in as interim leader of the bus system following the resignation earlier this year of former CEO Bob Mirabito.

DC Metro adds 28 new digital ad displays to increase revenue

Each digital display is expected to generate at least four times more revenue than the static ads they replace and significantly expand Metro’s digital advertising network.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close