China’s UnionPay has become the only international bankcard association offering Chinese Visa application VIP express service. UnionPay cardholders can apply at the Chinese Visa Application Service Centers in five cities in Australia, namely Sidney, Melbourne, Canberra, Brisbane and Perth. This service will substantially shorten the processing time, and will soon be rolled out in some of the other countries where UnionPay cards have been issued.
Rhein-Main-Verkehrsverbund (RMV), one of Europe’s largest transport associations, has sold five million tickets through its Cubic-developed mobile ticketing app.
Cubic Transportation Systems and TfL (Transport for London) have been awarded Best Bank-Card Ticketing Scheme at the 2015 Transport Ticketing Awards on January 27.
GlobalCollect has opened a new office in Sao Paulo, Brazil, further consolidating the company’s leading position in the Latin-American eCommerce market.GlobalCollect has had a presence in Brazil for several years, and by establishing the Sao Paulo office, the company responds to strong demand for regional expertise from both Brazilian companies looking to expand internationally, as well as global merchants entering the rapidly growing Brazilian market. The Sao Paulo office is the fifth new GlobalCollect office to open in the last 12 months, following Shanghai, Beijing, Tokyo and Brisbane, which all opened in the second half of 2013. GlobalCollect’s Argentina-based subsidiary Sub1 has its own software factory and is the region’s leading payments gateway, providing access to more than 50 local payment methods and more than12 local acquirers across the region. In 2013, Sub1 outperformed the overall Latin American eCommerce market, growing revenues by 46%.
EyeVerify, San Jose, California, Finovate start-up and TSWG (The System Works Group) from Brisbane, Australia announces that TSWG NetTeller Mobile Money will integrate with EyeVerify’s Eyeprint Verification across iOS and Android devices.
TSWG is a leading provider of secure and agile digital banking technology, and will integrate the patented Eyeprint Verification technology; which is available only from EyeVerify and provides a highly accurate, user friendly biometric authentication stack.
UnionPay International and China Construction Bank (CCB) jointly announce the commissioning of the first overseas ATM of CCB in Melbourne and the co-building of UnionPay “Super ATM”, which represents new measures taken by UnionPay International to assist Chinese-funded banks to expand their foreign business, and improve UnionPay card overseas service through UnionPay International’s global network.
Cubic Transportation Systems payment and information technology and services for intelligent travel solutions, announced that the latest version of their Cubic Payment Application (CPA 3.0) has been successfully “Validated According to PA-DSS v2.0” by the PCI Security Standards Council, and is listed as “Acceptable for New Deployments” on the Payment Card Industry Data Security Standards (PCI-DSS) website. CPA 3.0 is architected to provide optimum performance for securely processing legacy closed-loop payments (such as agency issued transit smartcards) as well as emerging forms of payment including open-loop (bank-issued contactless cards), mobile and EMV payments.
Cubic Transportation Systems has been selected for contract award by the Chicago Transit Authority (CTA) to integrate, deliver, operate and maintain the agency’s next-generation open payments system that will accept bank cards and, ultimately, mobile phone payments. The contract has an estimated value of $454 million, making it the largest automated fare collection contract ever placed in North America. Cubic will operate and maintain the entire system, resulting in an overall 12-year partnership between Cubic and the CTA. Riders without credit or debit cards will be issued reloadable prepaid debit cards that can be used for everyday purchases and CTA rides.
SUBWAY sandwich franchise will accept MasterCard PayPass contactless payments at more than 7,000 U.S. locations by the end of 1Q/12. Extending to customers the option to pay for their meal by simply tapping a MasterCard PayPass-enabled card or device at the register, MasterCard’s PayPass technology offers consumers a simple, easy and convenient way to pay for goods and services at 341,000 merchant locations worldwide. With MasterCard PayPass, SUBWAY customers simply tap their PayPass-enabled MasterCard card, phone or device on a PayPass-accepting reader at check-out.
Radiant Systems implemented its “Quest” technology in Australia’s Metricon Stadium with Michael O’Brien Catering, which will be running the “Quest Venue Manager” software hosting 31 Q1515 touch screen POS terminals and 98 VS terminals throughout the stadium. Radiant Systems innovative technology for stadiums and arenas offered the “Quest” solution to deliver loaded tickets, voucher cards and bar tab account cards. With comprehensive, real-time reporting, managers are able to update terminals during events with minimal disruption.
Port Authority Transit Corporation (PATCO) High Speed Line customers will be able to pay transit fares with their credit or debit cards in 2011 thanks to agreements with Cubic Transportation Systems. The PATCO commuter line connects New Jersey Transit and the Southeastern Pennsylvania Transportation Authority and will implement the Cubic “open payment” technology on the “FREEDOM” card across its 14-mile line between Lindenwold, New Jersey, and Philadelphia, and will simplify how customers pay their fares by eliminating the need to carry a separate transit payment card. This agreement will ultimately reduce the costs associated with managing and distributing fare media and offer travelers a convenient payment method. Eventually, any bank card with a contactless chip will be accepted on the PATCO system.
TransLink, the Greater Vancouver transit authority, has awarded Cubic Transportation Systems a contract valued at $220 million to deliver and operate a new smart card fare payment and revenue management system for the region’s rail, bus, ferry and paratransit services. The base contract for $84 million includes the design, build and installation of the system, which will include new faregates, to be delivered by 2013. Following delivery, a 10-year services contract valued at approximately $13 million per year, plus a one-time $6 million transition cost, will begin. The contract includes an option for five additional years of services. TransLink’s new system will be built on Cubic’s “Nextfare” technology, giving transit operators better reliability, revenue recovery from fare evasion and valuable business data to support planning and transit services.