News

Cubic Receives $3.4 Million Follow-On to BART-TransLink Integration Contract

Thursday 11 November 2004 00:34 CET | News

Cubic Transportation Systems, has received an additional $3.4 million from the San Francisco Bay Area Rapid Transit (BART) District to expand the scope of work on its fare collection equipment contract.

The original contract, valued at roughly $44 million, provided for procurement and installation of new fare collection equipment throughout the BART system. Since then, $7 million has been added to link the fare collection system with the Bay Area regional smart card program called TransLink(R). TransLink will allow riders to travel across all public transit systems throughout the Bay Area using a single smart card for fare payment. The latest addition to the contract will allow for Cubic to integrate its smart card technology into BARTs ticket vending machines (TVMs), which Cubic delivered as part of BARTs new fare collection system, now in operation. This new functionality will enable customers to load fare value onto a shared electronic purse, or e-purse, on their TransLink cards, which will be valid for use in any participating transit agencys system, including BART. An e-purse securely stores cash value on the smart card chip and is particularly convenient in applications like transit where exact change is often required. Instead of carrying cash, patrons can use their smart card like an electronic wallet. Cubic designed, built and integrated BARTs new fare collection system, which was completed in 2003.


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Categories: Payments & Commerce | Cards
Countries: World
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Payments & Commerce