Cubic Transportation Systems (CTS) will now maintain Oyster card system for Transport for London (TfL).
The move comes after the Transaction Systems Limited (TranSys) contract was cancelled, technology news website Computer World reported on Tuesday.
The deal between TfL and TranSys was scrapped in July 2008 following system failures due to corrupted cards.
TranSys had to allow London commuters to travel for free of cost, until the issue was resolved.
The TranSys consortium, with members such as Hewlett-Packard, formerly known as Electronic Data Systems (EDS), Fujitsu, and WS Atkins, will no longer work for Oyster systems with TfL. The members will continue to maintain advertising rights till March 2015.
CTS will, however, continue to work on the system following the expiry of the contract between TranSys and TfL today.
“The Prestige Project including the design and implementation of the Oyster smartcard has been an outstanding success. TranSys is very proud to have been involved in this high profile project for the last twelve years,” said John Stout, chief executive officer of TranSys at the handover.