Cubic Wins Innovation Award for Mobile Point of Sale Solution at CARTES 2012 in Paris
PARIS, Nov 12, 2012 (GlobeNewswire via COMTEX) --
via PRWEB - Cubic Transportation Systems' Mobile Point of Sale Application has been named the winner of the 2012 SESAMES Award in the category of Trusted Internet/Authentication at the CARTES exhibition and conference in Paris.
A joint submission of Cubic and NXP Semiconductors N.V., the global leader in the identification market, the solution creates the secure use of personal mobile phones to top-up contactless transit fare cards. Cubic's innovative security architecture ensures complete security for the transit operator, the mobile operator, the payment source and the transit rider/payment account holder. This solution qualified for the prestigious award through its integration of authentication and encryption technologies, wireless mobile networks, Cubic's cloud-based payment server, NXP-developed Near Field Communication (NFC) technology and the Internet. It enables fare card loading without exposing the security keys and/or fare algorithms to the device.
Key benefits for transport operators and their customers include real-time delivery of fare products to cards, an ongoing load service that reduces the need for riders to seek out physical load locations/terminals, and operational cost reductions to transport operators associated with cash collection, terminal deployment/maintenance and retail network management.
The award-winning solution leverages existing Cubic patents, software, and innovative security architecture combined with NXP-developed NFC technology that resides in a broad range of commercial mobile devices.
Cubic's Mobile Point of Sale (MPOS) application will allow expanded flexibility and convenience for transit riders who will be able to use a mobile app to make fare product selections, select funding sources, make payments, and top up their cards with additional value simply by tapping it to their phone upon completion of a purchase. This solution is seen by Cubic as a complement to emerging solutions that are designed to place a virtual smart card in an NFC mobile phone. In-phone transit payment solutions may include some cost, so consumers wishing to keep their contactless fare payment card can avoid additional payments by using their NFC phone as a load terminal.
The technology will also provide a bridging solution for any NFC platforms that require more time for installation. With a MPOS solution, any NFC device regardless of mobile operating system or secure element configuration can facilitate the topping up of a transit card by simply downloading the app from the application store.
"Cubic is honored to receive this award and recognition for a solution that soon will be standard for transit customers as NFC technology becomes common in mobile phones and smart handsets," said Steve Shewmaker, president of Cubic Transportation Systems. "Cubic and NXP have a long history of collaboration on contactless fare programs with the majority of Cubic's installed contactless systems using various generations of NXP technology for contactless ticketing solutions."
This year's award is the 17th annual recognition for what is considered one of the most prestigious innovation awards in the smart technologies industry.
About Cubic Transportation Systems
Cubic(R) Transportation Systems, Inc., is part of Cubic Corporation (NYSE:CUB). Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services for 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 solutions that help transport operators manage their operations and services and give passengers choices in the smartest and easiest ways to pay their fares. 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, nearly 10 billion rides are taken worldwide using Cubic payment and information systems. Cubic has delivered over 400 projects in 40 major markets on five continents. 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.
About NXP Semiconductors
NXP Semiconductors N.V. provides High Performance Mixed Signal and Standard Product solutions that leverage its leading RF, Analog, Power Management, Interface, Security and Digital Processing expertise. These innovations are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. A global semiconductor company with operations in more than 25 countries, NXP posted revenue of $4.2 billion in 2011. Additional information can be found by visiting http://www.nxp.com/.
Montner & Associates
203-226-9290 ext. 12 (office)
Timothy A. Hill
Director of Corporate Communications
This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/2012/11/prweb10116736.htm
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Cubic Corporation
CONTACT: Cubic Corporation
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