Cubic to Bring Contactless Transit Cards to Apple Wallet - Starting in Chicago Later this Year

SAN DIEGO, April 30, 2019 /PRNewswire/ -- Cubic Corporation (NYSE:CUB) today announced it is enabling transit cards in Apple Wallet so passengers can use their iPhone and Apple Watch to ride public trains, subways and buses. Transit cards in Apple Wallet are a convenient and secure alternative to physical cards. Cubic is working with Apple to roll out this technology in the U.S., starting with support for the Ventra card in Chicago later this year. Cubic and Apple are also working to support open-loop transit systems such as the new OMNY system launching in New York later this Spring.

Cubic's mobile platform will enable passengers to add transit cards to Apple Wallet on iPhone, eliminating the need for a physical transit card. Cubic's Traveler app provides travelers with new tools to manage their transit cards and enhance their journey.

"We are thrilled to be working with Apple to allow customers to ride transit using the Apple devices they carry with them every day," said Bradley H. Feldmann, chairman, president and chief executive officer of Cubic Corporation. "Cubic strives to be at the forefront of creating mobile transit payment solutions and next-generation apps, and we're confident these developments will provide the most efficient way for travelers to pay and go."

"This solution will benefit those who use public transportation for their daily commutes, as well as occasional journeys, by creating convenience and flexibility in their payment options and a seamless and frictionless experience as travelers move through the transit network" said Matt Cole, president of Cubic Transportation Systems. "We look forward to bringing these exciting features to travelers."

Travelers will be able to add transit cards to Apple Wallet, load transit funds, buy fare products and manage their account from the Cubic Traveler app. Cubic's Traveler app will integrate Apple Pay; reloading funds and purchasing tickets will be secure, private and as simple as a glance with Face ID or the touch of a finger with Touch ID on iPhone. All key ticket and pass types will be available for purchase via the Cubic Traveler app.

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 www.cubic.com or on Twitter @CubicCorp.

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SOURCE Cubic Corporation