Visa Works with Ingenico to Enable Contactless in London Taxis

by Mercator Advisory Group 0

Ingenico has just announced the launch of a contactless payment solution for London’s famous ‘Black Cab’ taxis as part of a Visa Europe-led initiative to increase card acceptance in London’s taxis.

Based on Ingenico’s leading iCT250 device with GPRS, contactless and colour screen, it will eventually allow all 25,000 London Black Cab drivers to easily access contactless payment technology while enhancing the consumer experience when commuting in London.

The solution will benefit consumers by making taxis more accessible by offering convenient contactless payments alongside traditional Chip and PIN and magstripe technology. It will also deliver for drivers the potential for increased fares, reduction in ATM stops, improved tip acceptance process and reduced cash handling. Ingenico’s solution, also allows for the delivery of additional Value Added Services such as mobile phone top up, which will further increase the revenue generated for the Black Cab drivers.

Many have predicted contactless to really take off this year, leading to the Summer Olympics Games in London in 2012.

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