At Cubic, we believe in listening to our customers and developing customized solutions to meet their specific needs. At the core of this business is our dynamic revenue management platform, which has not only proven to be reliable while managing some of the most complex systems in the world – but is also designed with the future in mind. We are proud to be at the forefront of developing and evolving the technologies, features and applications that will support next-generation payment methods, and deliver the feature-rich applications and tools that many agencies are asking for.
Today, Cubic provides transit operators with enterprise revenue management systems that are architected for efficiency and reliability to keep their customers on the move, with more than 24 billion transactions processed on our systems every year.
NextFare is built around a common suite of software products and a central system, and is used by more than a dozen major transit properties around the world. This transit-specific solution for contactless smart card payment also provides financial clearing and settlement, business analytics, device and asset management, prepaid benefits, fare table management, customer service infrastructure, fraud analysis and fare collection engines. NextFare ties together multi-modal transport including commuter rail, light rail, subway, bus and parking into integrated systems that employ a single means of fare payment, and we see it in action every day in many of the world’s busiest systems including Baltimore, Brisbane, Atlanta, Miami, New York/New Jersey, Los Angeles and others.
Cubic’s innovative NextAccount system is transforming the traveler experience by taking advantage of developments in data communications and solving complex technical challenges to allow travelers to pay directly from a contactless bankcard, NFC-enabled mobile phone or other smart device, or a pre-funded transit account.
The NextAccount platform enables entire journey legs to be built – even if from multiple modes (toll, parking and transit) – into a single journey that can then be rated and paid. For bankcards, trips are treated as standard bank merchant transactions and are authorized and settled the same way. Other tokens are typically prepaid, where the customer has an account at the back office with a transportation balance and a replenishment mechanism, either personal or from an employer. Accounts also can be replenished from field devices, such as ticket machines or point-of-sale devices.