Cubic Announces ``Nextfare Solution Suite'' 21st Century Smart Card Breakthroughs.Business Editors CardTech/SecurTech 2000 SAN DIEGO--(BUSINESS WIRE)--May 1, 2000 A Year After Company's Introduction of "Contactless" Transit Fare Collection to the U.S., Cubic Continues to Lead the Global Transit Smart Card Transition Cubic Transportation Systems (CTS (1) (Clear To Send) The RS-232 signal sent from the receiving station to the transmitting station that indicates it is ready to accept data. Contrast with RTS. (2) (Common Type System) The data typing used in . ) -- the first company to implement a fully operational contactless smart card A smart card that uses radio frequencies to provide a wireless connection to the reader. The transmission range is only a couple of inches, but allows the card to be quickly passed by a reader in applications such as secured entrances. See smart card and UltraCard. payment system for transit in the U.S. -- today announced Nextfare(TM) Solution Suite, an integrated set of breakthrough technologies that will transition mass transit mass transit, public transportation systems designed to move large numbers of passengers. Types and Advantages Mass transit refers to municipal or regional public shared transportation, such as buses, streetcars, and ferries, open to all on a fare collection in the 21st century to a smart card environment. CTS, a subsidiary of San Diego-based Cubic Corp. (AMEX AMEX See: American Stock Exchange :CUB), unveiled the new and innovative features at a news conference on May 1, 2000, at the CardTech/SecurTech advanced card and security technology conference and exhibition in Miami. "Nextfare(TM) Solution Suite is a package of advanced tools that can be integrated into automatic fare collection systems. It includes a variety of add-on applications and equipment designed to work seamlessly with a robust central computing application," said Gary Yamamura, director of strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , Cubic Transportation Systems. The announcement comes on the heels of the one-year anniversary of Cubic's successful introduction of contactless smart card fare collection to Washington D.C. The Washington Metropolitan Area The Washington Metropolitan Area, formally known as the Washington-Arlington-Alexandria, DC-VA-MD-WV MSA is a U.S. Metropolitan Statistical Area (MSA) as defined by the United States Office of Management and Budget (OMB) as of November 2004. Transit Authority's system is the country's first full-scale contactless smart card transit fare collection operation, linking both rail and parking operations with a single fare medium. In the business of helping transit authorities collect fares for more than a quarter of a century, Cubic -- the proven technology leader in mass transit revenue collection and processing -- leads the global smart card transit transition with its Nextfare(TM) Solution Suite. -- Nextfare(TM) Auto Load -- This feature allows transit users to instantly add pre-selected transit fare products to their smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. at selected ticket vending machines or even as they are walking through a transit turnstile. Purchases are assessed against the commuter's credit card account. Nextfare(TM) Auto Load is a time saving and convenient enhancement to an automatic fare collection system and is already being deployed as an upgrade to several transit programs. -- Nextfare(TM) Express -- With this add-on application, public and private employers can automate and decentralize de·cen·tral·ize v. de·cen·tral·ized, de·cen·tral·iz·ing, de·cen·tral·iz·es v.tr. 1. To distribute the administrative functions or powers of (a central authority) among several local authorities. distribution of transit benefits to their employees participating in the U.S. Transit Check A transit check or not on-us check is a negotiable item (check) which is drawn on another bank than that at which it is presented for payment. For example, a check drawn on Bank of America, presented for deposit at Wells Fargo Bank, would be considered a transit item program. By eliminating nearly all paperwork, Nextfare(TM) Express will enable employers to securely and conveniently deliver transit fare products as part of their flexible benefits offering. In addition, the Nextfare(TM) Express application can be used to provide instant refunds to a transit customer whose registered transit card is lost or stolen or to distribute prepaid electronic fare products to smart cardholders anywhere within the transit system. Nextfare(TM) Express will be added to selected mass transit customer systems by mid-2000. -- Tri-Reader(TM)-- Although introduced just six months ago, the Tri-Reader(TM)has already been selected for integration into Cubic-provided systems for a variety of U.S. and international transit authorities. The Tri-Reader(TM)is a contactless smart card reader architecture that provides transit authorities with the flexibility to select any smart card that meets the emerging ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 14443 specification (Type A or Type B) as well as Cubic's own GO CARD(R)platform. It will also enable a transit system operator to establish a system where different card types can be used interchangeably. Cubic also has other versions of the Tri-Reader(TM)currently in development that will further expand the utility of this exciting new technology by improving the adaptability of the reader for a much broader range of devices such as laptop computers, handheld computer/organizers or parking meters. -- GO CARD(R) Gen 3.0 -- This cutting edge enhanced memory logic technology, in development at CTS, will offer reduced die size and high-speed transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , allowing transit authorities to offer unprecedented contactless smart card memory and security for single or multi-application use. Look for the Gen 3.0 card to be a part of domestic and international transit programs by the end of 2000. Cubic is the world's leading supplier of automated fare collection systems for mass transit. In addition to the first U.S. smart card-based fare collection transit system in Washington DC, Cubic has introduced smart card systems and/or smart card-ready equipment to London; Chicago; New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ; Freiburg, Germany; Shanghai and Guangzhou, China; Kuala Lumpur Kuala Lumpur (kwä`lə l  m`pr), city (1990 est. pop. ; and Hong Kong.
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