Rail

Cubic, Transport for London honored for ‘Technological Innovation’

Posted on March 2, 2016

Transport for London
Transport for London

Cubic Transportation Systems (CTS) along with Transport for London (TfL) received a major honor for London’s contactless bankcard system after winning the ‘Technological Innovation’ award at the 18th annual Rail Business Awards. The event recognizes excellence and innovation in the UK’s rail sector. This is the eighth major award for Cubic and TfL’s contactless system.

Launched in 2012, the contactless bankcard system was extended in 2014 to cover London’s entire transit network — including Tube, rail, bus and tram services. Since the introduction of the contactless payment scheme, more than 350 million contactless journeys have been made across the network.

“It’s great to win another key industry award for our contactless payment system. This is just one of the many projects we are working on to make paying for transport easier for everyone travelling in the Capital and beyond,” said Shashi Verma, TfL’s Director of Customer Experience. “More than 28 percent of our pay-as-you-go customers use contactless payment already because it is so quick and easy. There's no need to top-up, you just touch in and out with your credit or debit card.”



Cubic played a crucial role in the development of the payment system, spending three years researching and developing the Tri-Reader 3 to process contactless-enabled bankcards. It’s the first reader in the transport industry certified to read Oyster cards, Integrated Transport Smartcard Organization (ITSO) cards and Near Field Communication (NFC)-enabled devices.

More than one million journeys are made using contactless bankcard payments every weekday. In addition, bankcards from more than 80 countries are used on the London system, bringing a new level of convenience for the millions of visitors who visit London each year.

 

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

More News

Amtrak, NJ Transit reach spending deal for infrastructure upgrades

Will reinvest all of the funds that came from this — and other — agreements into existing and future joint NEC infrastructure projects.

BYD signs contract to begin building cross-sea monorail in Brazil

The 12-mile seaside route will be partially built above the sea to connect Salvador’s central business district to São João Island.

European cities respond to growing demand for urban transport

In a relatively buoyant economy in much of the continent, improving urban transport and creating additional capacity has become a pressing concern over the last decade.

Streetcars not a guarantee to bolster economic development: Study

Factors such as a healthy real estate market, land availability, and development-supportive zoning also need to be present.

California's Governor calls for scaling down of high-speed rail project

The state’s high-speed rail authority will focus now on building only the Central Valley segment of the planned San Francisco to Los Angeles train.

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