Cubic Transportation Systems

CTA riders, don't get excited to tap that pass just yet. The CTA board last week awarded a $454 million contract to Cubic Transportation Systems to devise a system that would allow CTA riders to use their credit and debit cards to pay their fares. Though the system is not expected to be implemented until 2014, Going Public has ID'd a few potential drawbacks to the proposal, which is a swipe in the right direction. > > Dollar back, ya'll: Cash would still be accepted on buses under the proposed system.

CTA riders, don't get excited to tap that pass just yet. The CTA board last week awarded a $454 million contract to Cubic Transportation Systems to devise a system that would allow CTA riders to use their credit and debit cards to pay their fares. Though the system is not expected to be implemented until 2014, Going Public has ID'd a few potential drawbacks to the proposal, which is a swipe in the right direction. > > Dollar back, ya'll: Cash would still be accepted on buses under the proposed system.