About Cubic Transportation Systems
Cubic® Transportation Systems, Inc., is part of Cubic Corporation. Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services.
Cubic® Transportation Systems, Inc., is a leading integrator of payment and information technology and services for intelligent travel solutions. Cubic delivers integrated solutions that help transport operators manage their operations and services and give passengers choices in the smartest and easiest ways to pay their fares. Cubic specializes in design, development, manufacture, supply, installation, integration, services and information. Services provided by Cubic include on-site management, central systems, operations support, patron support, business support and field services.
Every year, nearly 10 billion rides are taken worldwide using Cubic payment and information systems. Cubic has delivered over 400 projects in 40 major markets on five continents. Active projects include London; Brisbane (Southeast Queensland) region, Australia; New York/New Jersey region; Washington, D.C. /Baltimore/Virginia region; Los Angeles region; San Diego region; San Francisco region; Minneapolis/St. Paul; Chicago; Atlanta region; Miami (South Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales), Australia; and Scandinavia.
Cubic Defense Systems is a leading provider of realistic combat training systems, cyber technologies, asset tracking solutions, and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. For more information about Cubic, see the company's website at www.cubic.com.
About PATCO and the Delaware River Port Authority
The Delaware River Port Authority is a regional transportation agency. DRPA owns and operates the Benjamin Franklin, Walt Whitman, Commodore Barry and Betsy Ross Bridges, and PATCO. The DRPA also owns the RiverLink Ferry.
About The Bancorp Payment Solutions Group
The Bancorp Payment Solutions Group, a division of The Bancorp Bank (“Bancorp”), a wholly owned subsidiary of The Bancorp, Inc. (Nasdaq: TBBK), offers secure, creative and innovative payment solutions to the prepaid card industry. As a leading issuer of prepaid cards, The Bancorp Payment Solutions Group contributes to the success of Fortune 500 companies through the development of cutting-edge prepaid card programs that meet the rapidly changing needs of the prepaid industry. Through long-standing relationships with the MasterCard, Visa, and Discover card associations, leading program managers and processors, The Bancorp Payment Solutions Group designs innovative and flexible prepaid card programs which deliver outstanding results. For more information about The Bancorp Payment Solutions Group please visit www.thebancorp.com.
Media Contact:
Bridget Paverd, GillespieHall
Office: 302-234-9500
Mobile: 302-598-9567
bridget@gillespiehall.com
Timothy A. Hill
Director of Corporate Communications
Cubic Corporation
PH: 858-505-2430
Cell: 858-232-2927
timothy.hill@cubic.com
Second of three winners receives a PATCO Wave & Pay ANYWHERE Card Loaded with $600!
CAMDEN, N.J., May 30, 2012 — Benjamin Daniel of Pennsauken, NJ, is the second winner in the Ride Free for 100 Days Contest, open to all PATCO riders and sponsored by Cubic Transportation Systems, Inc., a business segment of San Diego-based Cubic Corporation (NYSE:CUB), and a leading integrator of payment and information technology and services for intelligent travel solutions.
Daniel won a PATCO Wave & Pay ANYWHERE Visa® Prepaid Card, loaded with $600 – good for approximately 100 days of travel on the PATCO line. The card was presented to him on Wednesday, May 16, in Philadelphia.
Daniel, a client services and marketing manager in Philadelphia on the threshold of earning his Ph.D., said he uses PATCO for his five-day-a-week commute to and from work, as well as for transportation to volunteer opportunities, special events and to enjoy the nightlife in Philadelphia.
He said the $600 he would have spent on his PATCO fares now will go to a couple of his favorite hobbies: reading and gadgets.
“I really love my Wave & Pay Anywhere Card. I was one of the first to get the card when it was introduced in September 2011. It makes so much sense using one card for transit and retail. Winning this Ride Free for 100 days contest means a lot,” said Daniel.
The contest isn’t over yet. One more lucky winner is still to be chosen in June. Visit www.patcowaveandpay.com/contest to learn more about the contest or to enter. There is no charge to get a Wave & Pay card, and no credit check is required.
PATCO (Port Authority Transit Corporation) partnered with Cubic Transportation Systems in 2011 to create the first transit-agency branded, all contactless Visa prepaid card in the world. This was one of the first times that consumers had been able to use the same transit payment card for both transit and retail purchases. That prepaid payment card, the Wave & Pay ANYWHERE Card, debuted on September 26, 2011 as Phase One of the PATCO open payment program.
Earlier this spring, on April 2, PATCO and Cubic announced Phase Two of the open payment program. During Phase Two, riders will be able to use any contactless Visa, MasterCard or Discover card, or a virtual card in a mobile wallet, to make secure transit payments at PATCO gates and parking terminals. Riders will simply tap their cards and go, paying their PATCO fares with a quick flick of the wrist.
Officials from Cubic said the PATCO open payment system is designed not only to speed riders through PATCO’s stations, but also to gain valuable technical information on the best practices for deploying and operating future contactless payment systems in other transit systems. This will include Chicago and London where Cubic is under contract to deliver open payment.
To follow the latest news and participate in the discussion, look on Twitter@waveNpayPATCO and Facebook.com/waveNpay.
The PATCO Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. The Bancorp Bank; Member FDIC.