Cognizant and the North Carolina Turnpike Authority Collaborate to Modernize Toll Operations
Cognizant (Nasdaq: CTSH) has announced a strategic partnership with the North Carolina Turnpike Authority (NCTA) to develop a next-generation tolling back-office system. The collaboration aims to revolutionize toll operations by implementing an infrastructure-less tolling system that enables direct toll payments through Volvo's infotainment system, eliminating the need for traditional transponders.
The multi-stage project leverages Cognizant's IoT and API development capabilities to create a scalable, API-driven architecture integrating with partners like Mastercard and Volvo Car USA. The initiative targets a $1.6 billion total addressable market in the U.S. and focuses on immediate revenue recognition for NCTA while modernizing traditional tolling operations.
Cognizant (Nasdaq: CTSH) ha annunciato una partnership strategica con la North Carolina Turnpike Authority (NCTA) per sviluppare un sistema back-office di pedaggio di nuova generazione. La collaborazione mira a rivoluzionare le operazioni di pedaggio implementando un sistema di pedaggio senza infrastrutture che consente pagamenti diretti tramite l'infotainment di Volvo, eliminando la necessità dei tradizionali transponder.
Il progetto a più fasi sfrutta le capacità di Cognizant nell'IoT e nello sviluppo di API per creare un'architettura scalabile guidata dalle API che si integri con partner come Mastercard e Volvo Car USA. L'iniziativa punta a un mercato indirizzabile totale di 1,6 miliardi di dollari negli Stati Uniti e si concentra sul riconoscimento immediato dei ricavi per la NCTA, modernizzando al contempo le operazioni di pedaggio tradizionali.
Cognizant (Nasdaq: CTSH) ha anunciado una asociación estratégica con la North Carolina Turnpike Authority (NCTA) para desarrollar un sistema back-office de peaje de última generación. La colaboración busca revolucionar las operaciones de peaje al implementar un sistema de peaje sin infraestructura que permita pagos directos a través del sistema de infoentretenimiento de Volvo, eliminando la necesidad de transpondedores tradicionales.
El proyecto en múltiples etapas aprovecha las capacidades de Cognizant en IoT y desarrollo de API para crear una arquitectura escalable impulsada por API que se integra con socios como Mastercard y Volvo Car USA. La iniciativa apunta a un mercado total direccionable de 1,6 mil millones de dólares en EE. UU. y se centra en el reconocimiento inmediato de ingresos para la NCTA mientras moderniza las operaciones de peaje tradicionales.
Cognizant (Nasdaq: CTSH)는 노스캐롤로나 주 고속도로 관리청(NCTA)과 전략적 파트너십을 발표하고 차세대 톨링 백오피스 시스템을 개발합니다. 이 협력은 인프라 없이 작동하는 톨링 시스템을 구현하여 Volvo의 인포테인먼트 시스템을 통해 직접 요금 결제를 가능하게 하고 전통적인 트랜스폰더의 필요를 제거하는 것을 목표로 합니다.
다단계 프로젝트는 Cognizant의 IoT 및 API 개발 역량을 활용하여 API 주도형 확장 가능한 아키텍처를 만들어 Mastercard 및 Volvo Car USA와 같은 파트너와 연동합니다. 이 이니셔티브는 미국에서 16억 달러의 총 주소 가능 시장을 목표로 하며 NCTA에 대한 즉시 수익 인식에 중점을 두면서 전통적인 톨링 운영을 현대화합니다.
Cognizant (Nasdaq: CTSH) a annoncé un partenariat stratégique avec l’Autorité des péages de Caroline du Nord (NCTA) pour développer un système back-office de péage de dernière génération. La collaboration vise à révolutionner les opérations de péage en mettant en œuvre un système de péage sans infrastructure qui permet des paiements directs via le système d’infodivertissement de Volvo, éliminant ainsi le besoin des transpondeurs traditionnels.
Le projet en plusieurs étapes exploite les capacités de Cognizant en IoT et développement d’API pour créer une architecture évolutive pilotée par API s’intégrant avec des partenaires comme Mastercard et Volvo Car USA. Cette initiative vise un marché total adressable de 1,6 milliard de dollars aux États-Unis et se concentre sur la reconnaissance immédiate des revenus pour la NCTA tout en modernisant les opérations de péage traditionnelles.
Cognizant (Nasdaq: CTSH) hat eine strategische Partnerschaft mit der North Carolina Turnpike Authority (NCTA) angekündigt, um ein zukunftsweisendes Tolling-Backoffice-System zu entwickeln. Die Zusammenarbeit zielt darauf ab, den Mautbetrieb zu revolutionieren, indem ein infrastrukturloses Mautsystem implementiert wird, das direkte Mautzahlungen über das Infotainmentsystem von Volvo ermöglicht und damit die Notwendigkeit herkömmlicher Transponder eliminiert.
Das mehrstufige Projekt nutzt Cognizants IoT- und API-Entwicklungsfähigkeiten, um eine skalierbare API-gesteuerte Architektur zu schaffen, die sich mit Partnern wie Mastercard und Volvo Car USA integriert. Die Initiative zielt auf einen ein insgesamt adressierbarer Markt von 1,6 Milliarden US-Dollar in den USA ab und konzentriert sich darauf, für die NCTA sofortige Umsatzrealisierung zu ermöglichen, während herkömmliche Tolling-Betriebe modernisiert werden.
Cognizant (Nasdaq: CTSH) أعلنت شراكة استراتيجية مع هيئة طريق كارولاينا الشمالية (NCTA) لتطوير نظام خلفي لدفع الرسوم من الجيل القادم. يهدف التعاون إلى إحداث ثورة في عمليات التحصيل من خلال تنفيذ نظام تحصيل بدون بنية تحتية يمكّن من المدفوعات المباشرة عبر نظام المعلومات والترفيه في Volvo، مما يلغي الحاجة إلى المبدّلات التقليدية.
المشروع على عدة مراحل يستثمر قدرات Cognizant في إنترنت الأشياء وتطوير API لإنشاء بنية معتمدة على API وقابلة للتوسع تتكامل مع شركاء مثل Mastercard وVolvo Car USA. وتستهدف المبادرة سوقًا إجماليًا قابلًا للإتاحة قدره 1.6 مليار دولار في الولايات المتحدة وتركّز على الاعتراف بالإيرادات فوراً لـ NCTA مع تحديث عمليات التحصيل التقليدية.
Cognizant (Nasdaq: CTSH)宣布与北卡罗来纳州收费公路管理局（NCTA）建立战略伙伴关系，共同开发下一代收费后端系统。此次合作旨在通过实施一个无基础设施的收费系统来彻底改变收费运营，使通过沃尔沃的车载信息娱乐系统实现直接支付，省去传统电子标签的需要。
该多阶段项目利用 Cognizant 的物联网与 API 开发能力，打造一个可扩展的、以 API 驱动的架构，并与 Mastercard 与 Volvo Car USA 等合作伙伴实现集成。该计划在美国的目标可寻址市场为16亿美元，并在为 NCTA 实现即时收入确认的同时，推动传统收费运营的现代化。
- Partnership targets a significant $1.6 billion total addressable market in the U.S.
- Innovation eliminates need for traditional toll transponders, reducing infrastructure costs
- Integration with major partners like Mastercard and Volvo enhances market reach
- System enables immediate revenue recognition for NCTA
- None.
Insights
Cognizant's NCTA partnership targets $1.6B market opportunity with infrastructure-less tolling tech, positioning them in transportation's digital transformation.
Cognizant's strategic partnership with the North Carolina Turnpike Authority (NCTA) represents a significant innovation play in the transportation infrastructure space. The collaboration aims to develop a next-generation tolling back-office system that will revolutionize how tolls are collected and processed.
The most compelling aspect of this initiative is its focus on infrastructure-less tolling - effectively eliminating the need for traditional toll transponders by enabling direct payment through vehicle infotainment systems. This approach dramatically reduces capital expenditure requirements for tolling authorities while increasing revenue recognition speed.
The partnership leverages Cognizant's technical expertise in IoT integration and API development to create a scalable, API-driven architecture that connects seamlessly with partners like Mastercard and Volvo Car USA. This represents a significant shift from labor-intensive, capital-heavy systems toward agile, digital-first models.
From a market perspective, Cognizant is strategically positioning itself within a
The multi-stage nature of this engagement suggests a long-term revenue stream rather than a one-time project. By orchestrating technology across all systems in this proof of concept, Cognizant is establishing itself as a leader in transportation infrastructure modernization - an area experiencing increasing investment as legacy systems reach end-of-life and agencies seek more efficient, customer-friendly solutions.
Strategic collaboration aims to revolutionize infrastructure-less tolling and enhance operational efficiency across
With Cognizant leading the technology orchestration across all systems, this initiative marks a significant step in NCTA's journey to modernize tolling operations and reduce infrastructure dependency. It aims to eliminate the need for traditional toll transponders, allowing drivers to pay tolls directly through Volvo's infotainment system. Cognizant's IoT and API development capabilities are expected to be central to enabling a successful proof of concept (POC), laying the foundation for infrastructure-less tolling and immediate revenue recognition for NCTA.
"We are excited to collaborate with Cognizant and our other pilot partners to bring our vision of modern, infrastructure-free tolling to life," said James J. Eden, Executive Director of the N.C. Turnpike Authority. "This partnership is a critical milestone in our mission to deliver innovative, customer-centered transportation solutions for
The tolling industry has long been reliant on labor-intensive and capital-heavy systems. NCTA is pioneering a shift toward agile, digital-first tolling models, and Cognizant is proud to support this transformation with its deep expertise in building back-office systems for tolling agencies across the
"This engagement with NCTA represents a major opportunity to reshape tolling operations in the
About North Carolina Turnpike Authority
To help keep pace with the transportation needs of the state, NCTA plays a critical role by studying, planning, developing and building toll facilities on behalf of communities that request them. With innovation and customer-centered service at its core, the Triangle Expressway was the first toll road in the country to utilize all-electronic tolling technology from inception. To learn more about the NCTA, visit ncdot.gov/divisions/turnpike.
About Cognizant
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes, and transform experiences so they can stay ahead in our fast-changing world. Together, we're improving everyday life. See how at www.cognizant.com or @cognizant.
For more information, contact:
Maribel Lopez
Cognizant
Maribel.Lopez@cognizant.com
(551) 293-1279
Logen Hodges
NCTA
Llhodges4@ncdot.gov
(919) 695-6611
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SOURCE Cognizant Technology Solutions Corporation
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