USA: Chicago Transit Authority has selected Cubic Transportation Systems to supply and maintain the agency’s fare collection system in a 12-year contract worth $454m. The technology will accept bank cards and ultimately mobile phone payments.Currently the CTA operates a ‘closed-loop’ fare collection system, selling its own magnetic tickets and smart cards that can be used only on CTA and Pace.Riders without credit or debit cards will be able to use reloadable prepayment cards that can also be used in local shops. Cubic is systems integrator and service provider, leading a team of First Data Corp, Carolyn Grisko & Associates, Americaneagle.com, Bank of America and Bank of America Merchant Services. More...
