Cubic to Showcase Leading Payment Innovations at Transport Ticketing Global Conference

SAN DIEGO, Jan. 22, 2018 /PRNewswire/ -- Cubic Corporation (NYSE:CUB) today announced its Cubic Transportation Systems (CTS) business division will exhibit innovations and technologies for smart city transportation planning at the 10^th Transport Ticketing Global conference, held at the iconic Old Billingsgate Market, London, United Kingdom from January 23–24. At the event, Cubic will demonstrate its account-based ticketing and open-payment platforms, new mobile technologies and other strategies for increasing efficiencies for transportation operators and convenience and accessibility for travelers. Transport Ticketing is the world's largest public transport gathering, bringing together key industry players from the intelligent ticketing, passenger and smart cities industries.

Account-based ticketing, using Cubic's One Account platform, is driven by the company's industry-leading back office that integrates account-based ticketing, closed-loop smart cards and open-loop bankcard payments on a single, cloud-based and open platform. It also manages demand, reduces fare collection costs and opens new revenue streams.

"One Account provides a single point of payment through a traveler's registered online account to manage fares across all transportation modes," said John Pickworth, business development director of Europe, CTS. "For bus and rail it allows users to simply tap and go with a credit or debit card that is already in their wallet or mobile phone, without the need for physical smart cards or stopping at a machine for top-up. This is an exciting proposition delivering guaranteed best fares and an improved travel experience for customers."

For more information on how One Account is being optimized by regional transportation service providers for the management and administration of fares and payments, download our white paper, "The Power of One Account: Integrating Mobility for the Future."

Cubic will exhibit other payment technologies at Stand #A24, including:

• Demonstration of Cubic's Mobile Suite for travelers, merchants and fare inspectors.
• Future concepts, including the latest evolution of the intelligent gate line concept, providing early travel token validation and the option to remove the gate as a physical barrier.

In addition, Cubic representatives will present at the following sessions:

• Platform Two: Open payments in New York's transit
  Presenter: Maria Bravo, project manager, CTS
  Tuesday, January 23, 11:35 – 11:55 a.m.
• Platform Three: What does a smart city look like?
  Panelist: John Pickworth, business development director of Europe, CTS
  Tuesday, January 23, 12:35 – 1:00 p.m.

Follow Cubic Transportation Systems at @CubicTS and join the conversation surrounding Transport Ticketing Global with #TTGlobal18.

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.

SOURCE Cubic Corporation

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