
Modeshift and ITSMAX Partner to Launch Validating Fareboxes, Advancing Modeshift's Fully-Integrated, 360-Degree Fare Collection System
BOSTON--(BUSINESS WIRE)--Modeshift, a leading provider of cloud-based fare collection, announces a strategic partnership with Canadian intelligent transportation technology leader ITSMAX Solutions Inc. Together, the companies are launching new validating fareboxes and a seamless deployment and maintenance program, which is fully integrated with Modeshift's complete, 360-degree fare collection platform.
Legacy fare systems have long burdened agencies with unreliable hardware, sluggish deployments, poor customer service that leaves them waiting days or weeks for support and siloed, proprietary software that's difficult to maintain or integrate. Often built before today's Internet of Things (IoT) standards, these outdated systems can't easily communicate with one another, making agencies vulnerable to disruptions whenever one component fails or updates.
The Modeshift/ITSMAX partnership addresses these challenges by combining future-ready validating fareboxes with a fully integrated, interoperable platform, backed by a responsive, easy-to-work-with team that delivers fast deployments, tool-free maintenance and dependable service so agencies can focus on moving riders, not fixing broken systems.
'Legacy farebox providers have built their business on outdated, inflexible systems,' said Miroslav Katsarov, CEO of Modeshift. 'We're changing that model by combining cloud-native innovation with reliable and proven hardware and finally giving agencies a modern option that can handle every form of payment, provide real-time data and reduce operating costs. This partnership with ITSMAX is about giving transit systems choice, adaptability and control.'
Fast operation and easy maintenance are central to the design of the new validating fareboxes. Designed for quick, on-site serviceability, they significantly reduce system downtime and keep vehicles in operation.
The Validating Fareboxes Feature:
Fast, secure cash handling to reduce boarding time
Ergonomic touch-screen interface for seamless user experience
Support for all payment types: cash, smartcards, mobile QRs and paper tickets/transfers
Integrated spatial intelligence and real-time data sync
Modular design for tool-free maintenance and minimal downtime
All major farebox components are modular and can be swapped out in minutes, minimizing the need for specialized tools or lengthy repairs. With fewer moving parts, the likelihood of mechanical failure is dramatically reduced. Problem components can be swapped out by maintenance staff allowing the vehicle to return to service immediately—while repairs can be handled off-site without disrupting daily operations.
'New intelligent transportation hardware and software solutions must be integrated, interoperable and simpler to maintain,' said Cyril Robitaille, President of ITSMAX. 'We are excited to be partnering with Modeshift with whom we share this vision to deliver innovative Fare Collection solutions.'
ITSMAX Solutions' field-proven devices will now be manufactured in the United States at a new, locally based facility, following Buy America compliance, supporting domestic job creation and reducing supply chain dependencies for U.S. transit agencies.
By adding cash fare capability with ITSMAX's validating fareboxes, Modeshift provides a comprehensive alternative to legacy systems, empowering transit agencies of all sizes to adopt future-ready, multimodal fare collection without sacrificing ease, compliance or operational control. Combined with Modeshift's account-based ticketing platform, mobile app, real-time passenger information system and CAD/AVL, the fareboxes advance a system that is intuitive for riders and powerful for operators.
Modeshift's end-to-end solution can be scaled up or down to fit the needs of rural transit systems, mid-sized cities and large metropolitan agencies alike, positioning it as a new standard for cost-effective, future-ready transit infrastructure.
The new fareboxes are currently deploying with two transit agencies in the USA.
For more information, visit www.modeshift.com and www.itsmax.ca/index.php/en.
About Modeshift
Modeshift, Inc. is a technology company that helps transit agencies modernize their user-facing technology and the underlying infrastructure to improve efficiency, increase ridership and provide adequate, sustainability-oriented service. It is the only all-in-one digital mobility infrastructure platform that also gives the transit industry the tools to reduce their carbon emissions and aim for sustainability.
Our core product is Account-based Fare Collection System, based on the Microsoft Azure cloud and delivered as a service (Software as a Service – SaaS). Modeshift also provides other subsystems which complete the stack of hardware and software needed to operate a modern transit system such as Mobile ticketing, CAD/AVL and real-time passenger information.
About ITSMAX Solutions Inc.
ITSMAX Solutions Inc. is a Canadian-based leader in Intelligent Transportation Solutions. Founded in 2006 from the fusion of an IT company and a major private Canadian transit operator, ITSMAX uniquely combines the practical knowledge and systems skills to develop and manufacture transit, fare collection hardware and software. ITSMAX brings proven expertise in the development and deployment of future-proof and cost-effective hardware solutions that integrate seamlessly with modern transit platforms.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hamilton Spectator
2 hours ago
- Hamilton Spectator
Chipotle opening two Burlington restaurants, including one this coming week
Chipotle Mexican Grill is opening two new restaurants in Burlington. The first local location of the California-based company is scheduled to open Wednesday, June 25 at Burlington Centre mall ( 777 Guelph Line ). Cornerstone Centre owner Krpan Group confirmed another Chipotle is preparing to open at the 2500 Appleby Line plaza, but the opening date was not available by deadline. A location of the Canadian company Rosie's Burgers recently opened at Cornerstone Centre. A RioCan spokesperson said the Burlington Centre Chipotle will be on the Guelph Line side of the mall, near Five Guys Burgers & Fries. Chipotle spokesperson Mohit Patel said the first location is hiring staff. 'There are 30 jobs per location on average,' Patel said. Patel said the positions include several benefits such as: tuition reimbursement, retirement savings matching, access to mental health care and bonuses for staff who refer other employees. More details on job openings and how to apply are available on the company's careers website . According to a press release, the first 50 customers at the Burlington Centre location on June 25 will receive a complimentary Chipotle T-shirt. The press release states the restaurant is scheduled to open seven days a week from 10:45 a.m. to 10 p.m. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Yahoo
2 hours ago
- Yahoo
Avoid the OAS Clawback: Dividend Strategies Every Retiree Should Know
Written by Kay Ng at The Motley Fool Canada For many Canadian retirees, the Old Age Security (OAS) pension is a welcome source of income. But for those with moderate to high retirement income, the OAS clawback — officially known as the OAS recovery tax — can reduce or even eliminate this benefit. Fortunately, with the right dividend strategies, retirees can build a reliable income stream while minimizing their exposure to the clawback. As of 2025, the OAS clawback begins when your net income exceeds $93,454. For every dollar above this threshold, you lose $0.15 of OAS benefits. This can result in thousands of dollars in lost income annually. Net income, for tax purposes, includes interest income, Registered Retirement Income Fund (RRIF) withdrawals, and even capital gains. However, eligible Canadian dividends (and income or gains received inside a Tax-Free Savings Account (TFSA)) — can provide tax-efficient income and help retirees avoid hitting that clawback threshold. Dividends from Canadian corporations benefit from the dividend tax credit, which significantly reduces the effective tax rate for your Canadian dividend income compared to interest income or RRIF withdrawals. This makes Canadian dividend stocks an essential part of any OAS-conscious retirement strategy. Even better, dividends, interests, and gains earned inside a TFSA are completely tax-free — they don't count as income for OAS purposes at all. TELUS (TSX:T) is a dividend stock worthy for retirees to take a closer look at. As one of Canada's Big Three telecom providers, TELUS offers stable cash flows and a strong track record of returning capital to shareholders. Dividend yield: Currently, TELUS offers a dividend yield of approximately 7.5% — well above the Canadian stock market yield of about 2.7%. Payout frequency: TELUS pays dividends quarterly, giving retirees regular, reliable income. Dividend growth: TELUS tends to increase its dividend semi-annually. Last month, it just announced a new plan, targeting annual dividend growth of 3-8% from 2026 through 2028. Sector stability: High debt levels and capital-intensive investments are a common theme in the telecom sector. As well, the sector is faced with increasing competition and pricing pressure. That said, TELUS continues to generate substantial operating cash flows. Furthermore, it targets a long-term payout ratio that's 60-75% of its free cash flow. For retirees looking to build a dependable income stream without pushing their net income into OAS clawback territory, TELUS is a solid idea. Use a TFSA first: If you have excess room in your TFSA, you can consider holding some big-dividend stocks like TELUS in your TFSA to keep that income out of your taxable net income. Otherwise, hold big-dividend Canadian stocks in your non-registered account to enjoy the dividend tax credit. Delay RRSP withdrawals. Consider delaying RRIF conversions until age 72, and in the meantime, draw from non-registered accounts or the TFSA. Split pension income. If you have a spouse, pension income splitting can lower one's income and reduce the chance of hitting the clawback threshold. Limit interest-heavy investments. Guaranteed Investment Certificates and bond interest are fully taxable and can quickly drive up net income. Favour eligible dividends instead if it makes sense for your situation. Watch capital gains. Selling stocks with large unrealized gains in a non-registered account could push you into clawback territory. Aim to harvest capital gains strategically in non-registered accounts or target these gains in your TFSA. The OAS clawback is a real risk for many Canadian retirees — but with a smart dividend strategy, it can be minimized or even avoided entirely. Dividend stocks like TELUS, when held in tax-efficient accounts, can provide steady income without the tax drag. By planning carefully and making tax-smart investment decisions, you can protect both your OAS benefits and your retirement lifestyle. The post Avoid the OAS Clawback: Dividend Strategies Every Retiree Should Know appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Kay Ng has a position in TELUS. The Motley Fool recommends TELUS. The Motley Fool has a disclosure policy. 2025


Business Wire
4 hours ago
- Business Wire
2025 Travelers Championship Generates More Than $4 Million for Charity
HARTFORD, Conn.--(BUSINESS WIRE)--The Travelers Companies, Inc. (NYSE: TRV) today announced that the 2025 Travelers Championship – a PGA TOUR Signature Event – generated more than $4 million for over 215 nonprofits, both record highs. Travelers also set a record this year as the longest-running title sponsor in the tournament's history. In the 19 years the company has been title sponsor, the Travelers Championship has generated tens of millions of dollars for charity. Alan Schnitzer, Chairman and Chief Executive Officer of Travelers, said, 'This week truly captured what makes the Travelers Championship so special – world-class golf played before an enthusiastic crowd, all united by a shared purpose. It is a formula that led to a great week of golf and more money raised for charity than ever before. For 19 years, we have been honored to bring the PGA TOUR to Connecticut, and every year I am inspired by the passion of the players, the dedication of our fans and the incredible support from volunteers and partners who rally around our mission to give back. In addition to supporting vital charitable causes, we are proud that the tournament also generates significant economic activity for the state of Connecticut. Congratulations to our 2025 champion, Keegan Bradley, for rising to the top of one of the strongest fields in the game. We are already looking forward to making next year's tournament even more memorable.' The Travelers Championship donates 100% of its net proceeds to nonprofits. This year's primary beneficiary is The Hole in the Wall Gang Camp, an organization based in Ashford, Connecticut, that provides a traditional summer camp experience for children with serious illnesses. Many other worthy charities – spanning arts and culture, education, health care, housing, human services, mental health, food insecurity, science and technology, and youth development – also benefit from their involvement with the Travelers Championship. Andy Bessette, Executive Vice President and Chief Administrative Officer of Travelers, said, 'The Travelers Championship extends far beyond tournament week. We have created a community of fans that spans the region, and it is because of their support that we are able to make such an impact on so many charities, the true winners of the Travelers Championship. We are so grateful to the world's best PGA TOUR players for delivering another tremendous competition that we will all remember for some time.' The 2026 Travelers Championship is scheduled to take place June 22-28 at TPC River Highlands in Cromwell, Connecticut. For more information, visit About Travelers