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D.C. to Install Credit Card Readers in All Taxis

July 12, 2012

VeriFone Systems has been chosen by Washington, D.C., to install credit card readers and other equipment in D.C. taxicabs to boost rider-friendliness.

VeriFone Systems has been chosen by Washington, D.C., to install credit card readers and other equipment in D.C. taxicabs to boost rider-friendliness. The VeriFone contract stipulates that passengers will be able to use any credit card to pay their drivers rather than depending on cash. VeriFone’s Amos Tamam says the system can cut the average transaction time from 45 seconds for cash to five seconds for cards. A 50 cents per ride surcharge will cover the system installation and D.C. Taxicab Commission operations costs instead of tax revenue, and officials say this measure will save $4 million in the general fund and force out-of-District riders to pay their share of administrative expenses. “It’s something that we promised we would do, and it’s something we’ve delivered on,” says Mayor Vincent C. Gray.

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