Cubic Introduces Two More Nextfare Smart Card Technologies.Business Editors NOTE: Photos introducing two additions to Cubic's Nextfare(TM) Solution Suite smart card technologies relating to this story will be available for journalists to download beginning today at www.newstream.com SAN FRANCISCO--(BUSINESS WIRE)--Sept. 25, 2000 Cubic Transportation Systems, a subsidiary of San Diego-based Cubic Corp. (AMEX AMEX See: American Stock Exchange :CUB), introduces two additions to its Nextfare(TM) Solution Suite smart card technologies. Cubic is 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. The Nextfare Advanced Modular Gate allows "touchless" gate entry while giving transit authorities the option to utilize any 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-approved smart card type, allowing them to take advantage of marketplace competition, ultimately lowering costs. Cubic's Web Target allows cardholders to add value to their smart card from a personal or laptop computer. A demonstration of the products will take place at 11:15 a.m., Tuesday, Sept. 26, 2000, at the San Francisco Hilton and Towers (333 O'Farrell Street, San Francisco, Room 2101, Towers Penthouse, Building 2) during the American Public Transportation Association The American Public Transportation Association is a Washington, DC based non-profit organization that serves as an advocate for the advancement of public transportation programs and initiatives in the United States since the organization's founding in 1882. (APTA APTA American Physical Therapy Association. ) Annual Meeting 2000. Nextfare is a suite of software, hardware and e-commerce contactless card solutions developed to help transit agencies around the world develop and integrate high-tech infrastructure for e-commerce based "smart" fare collection. The open architecture makes possible smart card solutions for retail, transit payment terminals, Web access technology, virtual payment networks and e-commerce transactions. San Diego-based Cubic Transportation System is the provider of smart card technology utilized by smart card pioneers, 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 and Chicago Transit Authority
Cubic also has installed turnkey systems around the world, including work in London, New York, Chicago, Atlanta, Hong Kong, Shanghai, and Sydney. |
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