VeriFone Holdings (NYSE: PAY), today announced a licensing agreement for deployment of its taxi payment and media solutions in South Africa.
The agreement with iMobilise Transportation Systems (iMTS) will modernize taxis in time for the World Cup in June.
iMTS anticipates installation of VeriFone systems in 1,500 taxis in the urban centers of Johannesburg, Durban and Cape Town. Deployments will begin this spring and provide passengers with the latest in passenger information technology and payment options including credit cards, Chip and PIN-based debit, and contactless.
"Our solutions enhance the customer experience by providing them with their preferred payment options and access to multimedia content during their trips," said VeriFone CEO Douglas G. Bergeron. "These systems ensure the convenience of card payments and offer real-time media delivery that provides advertisers with a compelling new venue for digital content."
VeriFone has deployed transportation systems around the world, from Istanbul to Singapore to New York City, and supports both EMV and non-EMV bank-issued cards as well as closed-loop cards.
VeriFone's taxi payment and information systems ensure the convenience of card payments and offer real-time media delivery that provides advertisers with a compelling new venue for digital content.
VeriFone Transportation Systems provides the next generation in mobile payment and transportation automation solutions, enabling mobile payment, navigation, dispatch, text messaging, and real-time information delivery capabilities to taxi fleets.