Cubic’s Mobile Transit App Sales Top Five Million Tickets in Frankfurt

Cubic Transportation Systems, Inc., a business segment of Cubic Corporation (NYSE:CUB) and a leading integrator of payment and information technology and services for intelligent travel solutions, announced today its customer Rhein-Main-Verkehrsverbund GmbH (RMV), one of Europe’s largest transport associations, sold five million tickets through its Cubic-developed mobile ticketing app.

Managing director for RMV, Professor Knut Ringat said, “Five million mobile tickets are proof of the app’s success and the service it provides. From downloading the app on an iPhone or Android smart phone to buying a ticket and starting your trip, the entire process is easy to use and efficient. We are very pleased with the customer conversion to this sales channel.”

More than 1.7 million mobile tickets were sold in 2014, reflecting a 30 percent growth in sales over 2013, and the numbers continue to rise.   

“The RMV mobile ticket is designed to enable an easy and fast way to buy a transit ticket. With a few clicks you can buy a ticket whether you are on the train platform or on your way to the bus stop. Customers no longer have to deal with long waiting times and searching for change. Frequent journeys can be stored in the app as favorites, further speeding up ticketing,” said Ringat.

Stefan Jacobs, managing director of Cubic Transportation Systems Deutschland said, “Ticketing is moving in the direction of a complete digital experience. With its mobile ticket, the RMV is helping to lead the way.”

RMV offers unique features over other mobile solutions, including the number of payment options. Customers can choose to register for an RMV account online and link their mobile ticket payment to their bank card or mobile phone bill, or pay via “girogo,” the contactless smart card that does not require a Personal Identification Number (PIN) and signature, which is offered by Germany’s Sparkasse bank. Customers may also connect to the RMVsmiles bonus program and choose from a variety of discount vouchers that can be redeemed at participating merchants. 

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About Cubic Transportation Systems

Cubic® Transportation Systems, Inc., is part of Cubic Corporation. Cubic Global Defense is a leading provider of realistic combat training systems, secure communications, operations, maintenance, technical and other support services for the U.S. and allied nations.

Cubic® Transportation Systems, Inc., is a leading integrator of payment and information technology and services for intelligent travel solutions. Cubic delivers integrated systems for transportation and traffic management, delivering tools for travellers to choose the smartest and easiest way to travel and pay for their journeys, and enabling transportation authorities and agencies to manage demand across the entire transportation network – all in real-time. Cubic specializes in design, development, manufacture, supply, installation, integration, services and information. Services provided by Cubic include on-site management, central systems, operations support, patron support, business support and field services.

Every year, more than 24 billion transportation payment transactions are processed using Cubic payment and information systems worldwide. Cubic has delivered over 20 regional back office operations which together integrate over 450 transport operators and serve over 38 million people every day in major markets around the world. Active projects include London; Brisbane (Southeast Queensland) region, Australia; New York/New Jersey region; Washington, D.C. /Baltimore/Virginia region; Los Angeles region; San Diego region; San Francisco region; Minneapolis/St. Paul; Chicago; Atlanta region; Miami (South Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales), Australia; Germany; and Scandinavia.

For more information about Cubic, see the company’s website at http://www.cubic.com.