The rollout is already under way in Sydney and Melbourne and is expected to be completed within the next six to 12 months.

"Our Live TaxiEpay system with Hypercom is one of the leading taxi payments solutions that allow taxi operators and drivers to get paid more frequently and directly for their work and gain a percentage of the card transaction service fee, improving industry cash flow. Live TaxiEpay also allows drivers and operators to receive cash for their transactions or have funds directed straight to their bank account. This innovative and compelling value proposition has created strong and growing demand from drivers across the country," said Tom Varga, CEO, the Live Group.

Unlike competitor systems, the Live TaxiEpay solution also gives taxi operators and drivers the ability to cash in their vouchers at exchange centers such as service stations, without being charged a commission. Drivers can also relax at Live Group's dedicated driver lounges where free coffee, free internet and Foxtel is available.

"We bring the widest array of payment solutions to the market backed by the industry's strongest security, and we do it with leading financial institutions like Suncorp and innovators like Live TaxiEpay," said Jacques-Herve Maupin, Managing Director, Hypercom Asia Pacific. "With this rollout, we bring more choice to the market and strengthen our footprint in the region and in the transportation sector."

Hypercom's high-performance, PCI-PED-approved M4230 features long-range GPRS with dial back-up, the industry's top security certification, 32-bit multi-application processing for maximum transaction speed and 24MB memory that is two to three times larger than similar products to accommodate value-added applications.