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August 31, 2009updated 04 Apr 2017 4:17pm

VeriFone powers taxi payments in Boston

Payment systems vendor VeriFones taxi business VeriFone Transportation Systems (VTS) continues to make solid headway, with Boston in the US becoming the latest city where it has achieved a market-dominant position.To date, VTS has deployed credit card payment accepting devices based on VeriFones MX870 multimedia payment system in more than 1,000 Boston taxis, or more than half of the total taxi fleet of 1,825 licensed by the Boston Police Hackney Carriage Unit.Providing impetus to VeriFones success in Boston is legislation that became effective at the start of 2009 which requires all taxis licensed by the City of Boston to provide credit card payment systems for use by passengers.VTS is the clear leader in the taxi payment and passenger information system market, said John Ford, president and owner of Boston taxi company Top Cab and City Cab which have VTS payment solutions installed in all 510 of their vehicles.Passengers increasingly want to pay with credit cards and our drivers have realized additional per-trip revenues by having this capability, despite the problems in the economy, added Ford.VTS success in Boston builds on similar market dominance in other US cities including Philadelphia where VTS is the sole systems supplier with the citys 1,600 taxis equipped to accept conventional payment cards and contactless payments based on MasterCards PayPass system.VTS also holds a dominant position in New York City, where it is the largest supplier with some 6,600 taxis equipped by VTS to accept conventional and contactless payments.The largest deployment of VTS solutions is not, however, in the US but in Australia where VTS where it was last year selected by the countrys largest taxi company, Cabcharge Australia, to supply an onboard payment solution for its fleet of 20,000 vehicles.The solution, VeriFones Vx 810, enables Chip and PIN, Pen and PIN (a combination of signature and PIN) and contactless payments

By EPI editorial

Payment systems vendor VeriFone’s taxi business – VeriFone Transportation Systems (VTS) – continues to make solid headway, with Boston in the US becoming the latest city where it has achieved a market-dominant position.

To date, VTS has deployed credit card payment accepting devices based on VeriFone’s MX870 multimedia payment system in more than 1,000 Boston taxis, or more than half of the total taxi fleet of 1,825 licensed by the Boston Police Hackney Carriage Unit.

Providing impetus to VeriFone’s success in Boston is legislation that became effective at the start of 2009 which requires all taxis licensed by the City of Boston to provide credit card payment systems for use by passengers.

“VTS is the clear leader in the taxi payment and passenger information system market,” said John Ford, president and owner of Boston taxi company Top Cab and City Cab which have VTS payment solutions installed in all 510 of their vehicles.

“Passengers increasingly want to pay with credit cards and our drivers have realized additional per-trip revenues by having this capability, despite the problems in the economy,” added Ford.

VTS’ success in Boston builds on similar market dominance in other US cities including Philadelphia where VTS is the sole systems supplier with the city’s 1,600 taxis equipped to accept conventional payment cards and contactless payments based on MasterCard’s PayPass system.

VTS also holds a dominant position in New York City, where it is the largest supplier with some 6,600 taxis equipped by VTS to accept conventional and contactless payments.

The largest deployment of VTS solutions is not, however, in the US but in Australia where VTS where it was last year selected by the country’s largest taxi company, Cabcharge Australia, to supply an onboard payment solution for its fleet of 20,000 vehicles.

The solution, VeriFone’s Vx 810, enables Chip and PIN, Pen and PIN (a combination of signature and PIN) and contactless payments. Roll-out of the system will be completed by December 2009.

Overall, VTS’ success enables VeriFone to lay claim to having deployed more taxi payment and management solutions worldwide than any other vendor.

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