18 December 2017
visit www.aciworldwide.com

Bank of America powers payments for US launch of ride hailing app Karhoo

24 October 2016  |  3297 views  |  0 Source: Karhoo

Powered by Bank of America Merchant Services eCommerce and cybersecurity solutions, Karhoo is gearing up for the U.S. launch of its app-based ride comparison and hailing service.

Currently operating in London and several other United Kingdom cities, Karhoo helps riders compare and choose from tens of thousands of licensed and regulated cars based on proximity, price, and vehicle style. As an aggregator of local ground transportation options, the app enables price comparison, secure cashless payments, and even scheduled rides for greater peace of mind.

Karhoo’s value proposition is simple and compelling. People are now accustomed to tapping a button on their phone, ordering a ride, and paying for it in-app with their credit card. Karhoo gives riders the chance to e-hail with even more choice, bringing dozens of local transportation services and thousands of cars together on one platform.

Karhoo's proprietary technology directly connects to fleet dispatch systems and, thanks to Bank of America Merchant Services, securely facilitates payments. Regulated and established transportation providers can take advantage of the e-hail revolution and tap into a whole new rider base. In London, Karhoo-connected fleets are seeing revenue increase up to 30 percent.

“Not only does Karhoo give customers tremendous choice when it comes to ground transportation, it also provides a seamless way to pay for each trip,” said Daniel Ishag, Karhoo founder and CEO. “With its global footprint and acumen integrating its solutions with existing systems, Bank of America Merchant Services is the ideal partner to help us safely and quickly facilitate these transactions.”

For its upcoming U.S. launch, Karhoo turned to Bank of America Merchant Services for secure, seamless payments processing; cybersecurity solutions like TransArmor® Data Protection and Fraud FlexDetect℠; and Card Account Updater, a service that takes the pain out of keeping customer billing information up to date.

Bank of America Merchant Services CEO Tim Tynan said: “What Karhoo achieved in its first six months operating its ride-hailing service in London - pulling in more than 33,000 cabs and now booking 7,000 trips per day - is nothing short of extraordinary. Bank of America Merchant Services is thrilled to consult with Karhoo on its U.S. launch, and we look forward to helping payments flow seamlessly and securely between Karhoo customers and transportation providers.”

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.atos.netvisit www.aciworldwide.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11318 views comments | 3 tweets | 4 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
10424 views comments | 21 tweets | 26 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7824 views comments | 19 tweets | 22 linkedin
Digital banking startup Loot secures £2.2 million seed roundDigital banking startup Loot secures £...
7589 views comments | 5 tweets | 11 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7490 views comments | 6 tweets | 26 linkedin

Featured job

Competitive package
New York City, NY - USA

Find your next job