26 posts and columns on VeriFone
News ByteVeriFone announcing its payment app for NYC taxis a couple weeks ago; VeriFone is one of two payments companies that processes all the credit card transactions for New York City taxicab rides.
News ByteWay2ride, is free to download, and will run on iOS and Android smartphones. Currently, the three e-hail apps that are part of a test pilot in New York City don’t offer e-payments in the New York market, as they’ve been required to use either VeriFone or Creative Media Technologies as the payments processor. VeriFone said it plans to offer Way2ride throughout its network of 70,000 payment-enabled taxis around the world.
News ByteSquare payments technology in 30 taxicabs as part of a test phase. VeriFone Systems Inc. and Creative Mobile Technologies LLC currently hold contracts to power credit card payments in more than 13,000 cabs across the city, and many more nationwide. It’s unclear whether using Square’s mobile payments technology in cabs would result in lower processing fees for taxicab medallion owners, but David S. Yassky, current chairman of the Taxi and Limousine Commission, has said he hopes credit card transaction fees could be lowered.