CARD PAYMENT SOLUTIONS

PAYMENT SOLUTIONS THAT MAKE LIFE EASIER PROVIDED BY VERIFONE

CASH IS STILL IMPORTANT

Steve McNamara, General Secretary of the LTDA, was quoted in TAXI Newspaper [10 March 2015] as saying "Undoubtedly, there is a whole generation of Londoners who do not carry any cash, they pay for everything through debit cards".

Data from banks and card issuers (Barclays, Visa, Mastercard etc) confirms that card usage is becoming more and more popular, especially the use of 'contactless' card payments – there are 58 million contactless cards in circulation in the UK alone*, plus those used by overseas visitors who need a cab when they visit the UK.

The current contactless card transaction limit is £30, easily covering the majority of typical cab fares.

PAYMENT SOLUTIONS FOR THE TAXI TRADE

Cash is still important, but the travelling public needs the option to pay by card. It's how they pay for almost everything else these days.

* Source: UK Cards Association
# Source: BBC News [Business] Brian Milligan 6 Feb 2015

Verifone lead the field in card payment technology. We have pioneered a range of payment solutions for the taxi trade, and back this up with extensive driver support services. Verifone card payment terminals can accept swipe, Chip & PIN and contactless transactions, and the takings from each transaction are credited directly into drivers own bank or building society accounts within 72 hours*.

For UK drivers, Verifone provide two market leading solutions:

VTS1   VTS2
VTS1Victory Handheld Solution   VTS2Integrated Taxi Payment Solution

* Driver accounts normally credited within three working days




Copyright © 2015, VeriFone Systems, Inc.

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