Cubic Transportation Systems, a business of Cubic Corp., and Transport for London’s (TfL) contactless bankcard payment system received two prestigious awards for Outstanding Project at the 2015 UK Rail Industry Awards, followed by Most Innovative Transport Project at the London Transport Awards.

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. The success of the contactless payment project in London is best represented by the 500,000 contactless journeys made every weekday.

John Hill, managing director of Cubic Transportation Systems in Europe, said bringing contactless bankcard payment to London was the result of a successful collaboration with TfL and years of research and planning.

“TfL and Cubic worked closely together to solve a number of complex technical and regulatory issues to achieve the contactless innovation. Since the introduction of contactless, more than 1.3 million unique cards have been registered on the system with up to 30,000 new cards used every weekday,” Hill said.

The two awards come just weeks after the ticketing system was named the Best Bank Card Ticketing Scheme at the Transport Ticketing awards in the UK earlier this year.