STOCK TITAN

Cubic Enhances Ventra Card Offering to Include Contactless Fare Payment Option for Android Users

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Cubic Corporation (NYSE: CUB) has partnered with the Chicago Transit Authority (CTA) and Pace Suburban Bus to launch the virtual Ventra card on Google Pay, offering a contactless fare payment option for Android users in the Chicago area. This initiative simplifies transit travel by eliminating the need for a physical card, allowing users to pay by tapping their phones. The Ventra app, launched in 2020, enhances user experience with an integrated trip planner and improved ticket access.

Positive
  • Launch of virtual Ventra card on Google Pay enhances customer experience.
  • Provides contactless payment options, responding to post-pandemic travel preferences.
  • Improves accessibility for all smartphone users with Ventra cards.
Negative
  • None.

Cubic Corporation (NYSE: CUB) today announced its Cubic Transportation Systems (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 Google Pay, riders can download or open the Ventra app on their NFC-enabled Android phone running Android 5.0 or later, add a new card or convert an existing card, press the Add to GPay button and follow instructions in the app.

“This launch improves the Chicago-area transit experience so that riders can simply tap their phones to Ventra readers to journey safely and conveniently,” said Jeff Lowinger, president of Cubic Transportation Systems. “As more people start to travel post-pandemic, the simplicity of contactless payment options like the Ventra card on Android devices will help put trust back in transit travel.”

Cubic launched the Ventra app with Chicago Transit Authority (CTA), Metra Rail (Metra), and Pace Suburban Bus (Pace) in September 2020. The Ventra app meets the evolving needs of regional transit riders by featuring a simplified user interface, integrated trip planner, improved access to Metra mobile tickets and updated transit account management.

“Now with the addition of Google Pay, all smartphone users that hold Ventra cards have the option to pay for their transit trips quickly and efficiently,” said Dorval R. Carter, Jr., president of CTA.

“We want to make everyday things fast and easy with Google Pay,” said Alan Stapelberg, product manager, Google Pay. “Commuters using Ventra cards saved to Google Pay can check their balance and know they are ready to ride from the convenience of their Android phone."

For more information, please visit www.ventrachicago.com/app/.

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.

FAQ

What is the significance of the Ventra card launch on Google Pay for Cubic Corporation (CUB)?

The launch enhances the customer experience for transit users in Chicago, providing a modern contactless payment option.

When was the Ventra app launched by Cubic Corporation for Chicago Transit?

The Ventra app was launched in September 2020.

How does the virtual Ventra card improve user experience?

The virtual Ventra card allows for easier transit payments by eliminating the need for a physical card and enabling tap-to-pay functionality.

Which transit authorities are involved in the Ventra card integration with Google Pay?

The integration involves the Chicago Transit Authority (CTA) and Pace Suburban Bus.

What technology is required to use the virtual Ventra card on Google Pay?

Users need an NFC-enabled Android phone running Android 5.0 or later.

CUB

NYSE:CUB

CUB Rankings

CUB Latest News

CUB Stock Data

20.00M
Small Arms Ammunition Manufacturing
Manufacturing
Link
US
San Diego