Cubic and MTA OMNY Rollout Complete Across All 472 New York City Subway Stations

Rhea-AI Summary

Cubic Corporation (NYSE:CUB) has successfully deployed the OMNY contactless payment system throughout New York City, including all buses and 472 subway stations. This system enhances customer convenience by allowing mobile and open payments via contactless bankcards and mobile wallets. The last station to be completed was Eastern Parkway Brooklyn Museum, and the initiative was delivered on time and under budget despite pandemic challenges. Future phases will expand OMNY to the Long Island Rail Road and Metro-North Railroad, improving fare options for riders.

Positive

• Successful deployment of OMNY system enhances customer convenience with contactless payments.
• Implementation delivered on time and under budget, demonstrating effective project management.
• Future expansion plans include additional fare options and integration with other transit systems.

Negative

• None.

Cubic Corporation (NYSE:CUB) today announced its Cubic Transportation Systems (CTS) business division and the Metropolitan Transportation Authority (MTA) has fully deployed the OMNY contactless payment system across all of New York City. Every New York City bus and all 472 subway stations across all five boroughs are now OMNY-enabled. The OMNY system features mobile and open payments via contactless bankcards and mobile wallets to improve customer convenience and service for travelers. Eastern Parkway Brooklyn Museum Station was the last station to be completed as part of a final wave that included enablement of all Queens and Brooklyn buses.

This is a major milestone for New Yorkers as OMNY allows riders to create personalized transit accounts to see ride history, check balances and add transit value, as well as report lost or stolen cards to protect their funds. OMNY also enables riders to use payment media such as credit and debit cards and mobile devices at the bus or turnstile, instead of purchasing or adding value to a separate fare card.

“We are grateful to our partners at the MTA for working with us — in spite of a pandemic and economic downturn — to deliver this benefit to New Yorkers and the whole New York region, on time and under budget,” said Jeff Lowinger, president of Cubic Transportation Systems. “As the region begins to return to offices in the coming year, a more seamless and safe trip awaits.”

“I want to thank Cubic, our partner from day one on this project. They've been world class from top to bottom and are one of the most professional companies I've ever worked with,” said Al Putre, executive director of MTA’s OMNY Fare Payment Program. “They've learned key lessons from delivering similar contactless payment systems at transit systems around the world and applied them to New York and our customers will have a better customer experience because of it.”

In 2021, Cubic and the MTA will focus on enhancing the digital experience for riders to support expanded fare options, including reduced fares, student fares and special programs across subway, bus, paratransit and commuter rail. The system will be expanded to the Long Island Rail Road (LIRR) and the Metro-North Railroad (MNR) during later phases.

Cubic is credited with inventing the MetroCard and also supports fare payment across many of the world’s largest public transit systems, from Boston to Chicago and London. The company was selected to replace the iconic MetroCard in 2017; OMNY will operate in parallel with the MetroCard system until its retirement in 2023.

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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FAQ

What is the OMNY contactless payment system announced by Cubic Corporation?

The OMNY contactless payment system allows riders to pay using mobile wallets and contactless bankcards, improving convenience across New York City's transit.

When was the OMNY payment system fully deployed in New York City?

The OMNY payment system was fully deployed across all New York City buses and subway stations on January 5, 2021.

What benefits does the OMNY system provide to transit riders?

OMNY allows riders to manage their transit accounts, check balances, and use various payment options without needing a separate fare card.

How does Cubic Corporation plan to expand the OMNY system in the future?

Cubic Corporation plans to enhance the OMNY system by introducing expanded fare options, including reduced and student fares, and integrating it with the Long Island Rail Road and Metro-North Railroad.