Partnerships / Acquisitions

Cubic Wins NYC MTA MetroCard Contract Through 2022

Cubic Extends MTA Contract

Cubic Transportation Systems (CTS), a business unit of Cubic, announced the extension of its contract with the Metropolitan Transportation Authority (MTA) New York City Transit (NYCT) worth $40.3 million.

CTS will continue to provide software programming and maintenance support for the MetroCard Automated Fare Collection (AFC) system until it is decommissioned in 2022. In place of the MetroCard, MTA will launch the New Fare Payment System, featuring mobile ticketing and open payments via contactless bankcards. The two systems will operate in parallel until MetroCard is retired.

“Cubic has proudly served New York’s public transit system for more than 20 years with the introduction of the iconic MetroCard, and we’re pleased to continue our partnership with the MTA,” Matt Cole, president of CTS, explained in a statement.

CTS will also provide additional equipment and state-of-good-repair software and technical services as part of the contract extension.

In August, Cubic landed a $33 million contract with Miami-Dade County’s Department of Transportation and Public Works (DTPW) to modernize its EASY Card revenue management system.

Under the deal, CTS will provide 10 years of back-office cloud computing and support services. The EASY Card system is already supplied by Cubic, and this contract serves to provide a significant technology refresh and expansion of customer services. Cubic Transportation Systems said that, by doing the upgrade, the Miami government agency will spend a fraction of the costs associated with a new system.

“Seamless travel remains a priority for the Department of Transportation and Public Works, and what this project with Cubic will deliver are options to enrich the traveler experience through open and mobile payments, as well as moving back-office operations from us to Cubic, giving our agency the ability to focus on our core mission of creating a full range of well-synchronized mobility services within our community,” said Alice N. Bravo, director of DTPW, in a press release.



The pressure on banks to modernize their payments capabilities to support initiatives such as ISO 20022 and instant/real time payments has been exacerbated by the emergence of COVID-19 and the compelling need to quickly scale operations due to the rapid growth of contactless payments, and subsequent increase in digitization. Given this new normal, the need for agility and optimization across the payments processing value chain is imperative.

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