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Cubic, TfL Honored for London Fare Payment System

The contactless public transit fare payment system created by Cubic Transportation Systems and Transport for London (TfL) recently received its ninth award since 2015: the London First Award for Innovation, presented by London First, a nonprofit organization that promotes business interests in the English capital.

London First supports transport infrastructure and services that enable business and employees to move around the city efficiently, including increased investment in London’s transport infrastructure, coupled with greater efficiency and innovation from TfL.

Cubic and TfL launched the contactless bankcard system in 2012 and two years later extended its reach to cover London’s entire transit network, including Tube (subway), rail, bus and tram services. The system has accounted for more than 800 million contactless trips since its introduction.

In 2016, Cubic and TfL agreed on a licensing deal for the use of London’s contactless ticketing system worldwide, making it accessible to cities around the world.

“We are honored that London First has named our technology as one of the major achievements in the last 25 years.” said Shashi Verma, TfL’s chief technology officer. “London’s transport system is renowned around the world, from the first Underground railway network in 1863 to now introducing world-leading contactless bankcard technology to make travel around the city simple and convenient for our customers. Our pay-as-you-go fare collection system has completely transformed the way millions of commuters pay for travel every day.”
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