About Cubic Corporation
Cubic is a technology-driven, market-leading 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. Our teams innovate to make a positive difference in people’s lives. We simplify their daily journeys. We promote mission success and safety for those who serve their nation. For more information about Cubic, please visit the company’s website at www.cubic.com or on Twitter @CubicCorp.
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Cubic Corporation
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Cubic Transportation Systems recognized for its partnership with New York MTA for the implementation of marketing-leading, technology-driven fare payment system
SAN DIEGO – January 27, 2020 – Cubic Corporation (NYSE:CUB) today announced its Cubic Transportation Systems (CTS) business division was awarded the “2020 Innovative Transportation Solution of the Year” by Women's Transportation Seminar (WTS) of Greater New York for the New York Metropolitan Transportation Authority’s One Metro New York (OMNY) fare payment system. Cubic is the technology and service provider for the OMNY system, a modernized fare payment system featuring open payment technology, offering travelers greater flexibility in how they choose to pay for their journeys. OMNY saves travelers more time in transit and ultimately creates a more seamless travel experience.
“OMNY has contributed to key regional initiatives, improved access to services and continues to make a difference for lives of travelers. New Yorkers now have a faster, more convenient way to pay for transit,” said Steve Brunner, vice president and general manager, New York Tri-State Region. “It has been an honor to work hand in hand with the MTA and witness the major milestones and accomplishments we have achieved together over the past three decades.”
Leveraging Cubic’s proven, next-generation technologies, OMNY leverages open payment technology to provide travelers with the ability pay for their trips utilizing mobile devices and contactless bankcards. OMNY also allows travelers to create transit accounts to view their ride history, check their balances, add transit value and report lost or stolen cards. Travelers can quickly and easily “tap and go” at a turnstile with their credit and debit cards as well as mobile devices, instead of purchasing and adding value to a separate fare card.
The OMNY public pilot launched in May 2019 at 16 subway stations and all MTA buses on Staten Island. OMNY leverages the trend of relying on mobile devices to pay for day-to-day items to provide a national and international model for an intuitive, effective solution for seamless urban transit that improves the lives of urbanites. On the first full day of use, OMNY saw 6,100 taps, far more than the MTA had expected and 80 percent of those were via mobile phones. A more efficient fare payment system saves travelers significant time spent in transit, which explains why over one million people used OMNY during the first two months of its limited pilot rollout.
In November 2019, OMNY surpassed three million taps and in December 2019, the MTA began expanding the OMNY contactless fare system to include more stations, including Penn Station, 86th Street Station in Bay Ridge, Sutphin Boulevard in Queens and Saint George and Tompkinsville Stations in Staten Island. By the end of 2020, the MTA hopes to bring OMNY to all 472 stations and bus routes.
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