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Digital Subscriptions > > TfL and Cubic team up to sell contactless system overseas

TfL and Cubic team up to sell contactless system overseas


Photo: Cubic/TfL

Transport for London (TfL) has signed a £15 million deal with Cubic Transportation Systems that will allow the latter to sell London’s contactless payment technology to cities around the world. Cubic and TfL teamed up to create London’s contactless payment system in 2012. Cubic developed the front and middle office, while TfL built the back end. Cubic has also created and delivered a similar system to Chicago, which is called Ventra. Cubic has already submitted a proposal to provide the New York Metropolitan Transportation Authority with a similar system. The TfL back office consists of the software code, detailed design documentation and business design documentation. In addition, the deal allows Cubic to access TfL’s consultancy support for the next five years. The contract anticipates senior management from each side meeting every six months to monitor the market and map out new business opportunities.

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