The following provides a list of terms and acronyms related to Umo Rewards.
- “Stars Value” is the dollar value of a Star awarded to a Umo loyalty user. The Star value is a default value at $0.005 per Star applied for all Star rewards activities. Star value may be subject to change at any time but will be instantly updated on Umo App and on Umo Loyalty Rewards Policy at https://umomobility.com/rewards/loyalty-rewards-policy/.
- “Stars Redemption Price” is the dollar value ratio that Cubic uses to calculate the number of Stars required for a redemption option that a Umo loyalty user selects. The Stars Redemption Price is a default value at $0.005 per Star applied for all Stars redemption activities. Stars Redemption Price may be subject to change at any time but will be instantly updated on Umo App and on Umo Loyalty Rewards Policy.
- “Stars Settlement Price” is the price Cubic pays a transit agency for each Star that a Umo loyalty user redeems.
- “Stars Purchase Price” is the price a transit agency pays Cubic for each star they award to a Umo loyalty user.