CUB Cubic Corporation

Cubic Brings PayPal Payments to Rhein-Main-Verkehrsverbund Expanding Payment Options for Travelers in Germany

SAN DIEGO--(BUSINESS WIRE)--

(NYSE: CUB) today announced its (CTS) business division integrated PayPal as a new payment option for the Rhein-Main-Verkehrsverbund’s (RMV) mobile ticketing platform. RMV is the operator of one of Germany's largest public transport networks and is also one of Europe’s largest transport associations. Payments with PayPal are enabled for the Rhine-Main area in the State of Hesse, the metropolitan and rural area around Frankfurt.

“It’s great to be able to expand our collaboration with RMV to give travelers more flexibility in how they pay for their journeys,” said Stefan Jacobs, general manager, CTS Deutschland GmbH. “We were able to help RMV reach 20 million ticket sales earlier this year and are going one step further in mobile innovation by adding PayPal. We’re delighted to continue working with RMV to incorporate new features that will benefit travelers.”

Cubic integrated PayPal into the RMV app and mobile back office system. It is the first time that weekly and monthly passes can be purchased through a smartphone for the RMV ticketing system.

The collaboration will optimize the existing mobile ticketing service which has been in operation for close to 10 years, accommodating PayPal customers who wish to use this payment method when using the RMV. This will make it possible for travelers who prefer and regularly use PayPal to pay for their journeys, increasing convenience and encouraging ridership. RMV provides bus and train services for an annual ridership of 788 million.

PayPal has 23 million active accounts in Germany. Along with regular users of the RMV, the integration will also make it easier for travelers using a different currency to pay for their tickets, due to PayPal’s global reach and availability in more than 200 markets worldwide.

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 or on Twitter .

EN
16/12/2019

Underlying

CUBCubic Corporation

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Cubic Corporation

MarketLine Department
  • MarketLine Department
EUR 148.52
CUB Cubic Corporati...

The Dewey Electronics Corp - Company Profile and SWOT Analysis

Summary The Dewey Electronics Corp - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights The Dewey Electronics Corp (Dewey Electronics) designs, develops, manufactures, and markets compact diesel power generation solutions. The company's product portfolio includes military tactic...

CUB CUBIC CORPORATION
02/20/25 February 20, 2025 1 EN
 PRESS RELEASE
Free
CUB Cubic Corporati...

Cubic and WMATA Deliver SmarTrip on Google Pay Integration for Trains ...

SAN DIEGO--(BUSINESS WIRE)-- today announced its (CTS) business division, Washington Metropolitan Area Transit Authority (Metro) and NXP Semiconductors N.V. (NXP) launched SmarTrip® on Google Pay, delivering a simple, contactless way for Metro riders to pay for their journeys on Metro trains or buses. Metro riders can add their SmarTrip card to Google Pay and use their NFC-enabled Android™ phone for payment, eliminating the need for a physical SmarTrip card. “Addressing mobility challenges with innovative technology is at the heart of everything we do at Cubic,” said Jeff Lowinger, presiden...

June 8, 2021 1 EN
 PRESS RELEASE
Free
CUB Cubic Corporati...

Cubic Partners with CVEDIA to Enhance AI

SAN DIEGO--(BUSINESS WIRE)-- today announced its (CTS) business division has partnered with CVEDIA, an artificial intelligence (AI) solutions company to enhance its GRIDSMART products. CTS will utilize CVEDIA’s synthetic data technology to continue to rapidly scale deep learning models for GRIDSMART omnidirectional cameras and other intelligent transportation systems (ITS) solutions. The GRIDSMART product pioneered horizon-to-horizon, computer-vision tracking for ITS applications and is installed in nearly 10,000 intersections in more than 1,500 communities globally. “Safety is the most fu...

June 3, 2021 1 EN
 PRESS RELEASE
Free
CUB Cubic Corporati...

Cubic Enhances Ventra Card Offering to Include Contactless Fare Paymen...

SAN DIEGO--(BUSINESS WIRE)-- (NYSE: CUB) today announced its (CTS) business division, the Chicago Transit Authority (CTA) and Pace Suburban Bus (Pace) launched the virtual Ventra card on Google Pay, enhancing the customer experience with additional contactless, tap-and-go fare payment options. Android™ smartphone users in the Chicagoland area now have a contactless fare payment option when traveling on CTA trains and buses as well as Pace buses. The virtual Ventra card in Google Pay removes the need for a physical card, making transit travel easy and convenient. To ride using Ventra on Goog...

May 25, 2021 1 EN
 PRESS RELEASE
Free
CUB Cubic Corporati...

Cubic Honored as a VETS Indexes Recognized Employer

SAN DIEGO--(BUSINESS WIRE)-- (NYSE:CUB) today announced it was awarded the designation of “VETS Indexes Recognized Employer,” from the 2021 VETS Indexes Employer Awards. A firm dedicated to promoting veteran employment, VETS Indexes and its awards program recognizes Cubic’s commitment to recruiting, hiring, retaining, developing and supporting veteran employees and others in the military-connected community. This press release features multimedia. View the full release here: Cubic recognized as a VETS Indexes Recognized Employer. “Being named a VETS Indexes Recognized Employer is a true testa...

May 20, 2021 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch