VeriFone Systems (NYSE: PAY), today announced a contract to supply 15,600 NFC/contactless payment solutions to ComfortDelGro Corporation Ltd. for its Singapore taxi fleet.
ComfortDelGro is the largest fleet operator in Singapore with 15,600 taxis and is one of the world's largest land transport companies with a total fleet size of more than 45,600 vehicles. VeriFone's VX 820 with integrated contactless payment acceptance capability will interface with the in-vehicle Mobile Data Terminals (MDTs) in its entire fleet of taxis.
"We're seeing an increasing demand for contactless solutions across segments such as retailers, banks and mobile operators," said Zvi Mitlanski, vice president & general manager, VeriFone Asia Pacific. "This is another tremendous competitive win for VeriFone's integrated NFC/contactless solutions in the region's taxi segment, following our earlier success with Cabcharge and GM Cabs in Australia."
VeriFone previously supplied a smaller number of NURIT PIN acceptance systems and the new contract will replace those as well as some 10,000 other systems from a competitor. ComfortDelGro selected the VX 820 for its intuitive user interface for passengers and drivers, and its ability to provide integrated contactless solution in a small form factor coupled with the latest PCI PTS 3.0 security to future proof the investment.
"This is in line with the company's move towards providing a contactless payment option on top of the cashless options that are already available on board our taxis. With the new VeriFone VX 820 payment system, passengers can look forward to more cashless payment options," said Yang Ban Seng, chief executive officer, ComfortDelGro Taxi Business.
The VX 820 is the PIN acceptance solution in the new VX Evolution product family, which not only provides optional integrated contactless and NFC capabilities but also leading features such as industry firsts - a 3.5" color touch screen, ARM 11 processor and 500 MB memory. The contactless antenna in each system is also ergonomically designed to be under the display screen, with no need for a separate snap-on-reader or add-on peripheral.