Taxi payment options

The V5 Taxi Interactive Tablet from Revosys offers taxi passengers debit and credit Taxi Card Processing, including the now popular Taxi Loyalty Cards. These solutions are free to operate, simple to use and easy to set up. The hardware used is state-of-the art, yet very cost-effective for its value in use.

To add to these conveniences, it is expected that such taxicab payment methods will soon become a legally necessary part of most taxicabs, especially in the New York area. This groundbreaking step is an initiative of the NYC Taxi & Limousine Commission and its T-PEP(Taxicab Passenger Enhancements Project).

In this article, we will have a look at the various taxi payment systems that can be used with the help of the V5 interactive terminal.

Taxi Loyalty Cards:

A taxi loyalty card is a smart card that looks a lot like any credit or debit card and can be used with a monthly billing, or pre-paid taxi payment system. Taxi loyalty cards are generally operated by the taxicab companies and used as a marketing tool to retain more customers and offer financial as well as other related incentives.  This allows the customer to track his or her traveling expenses and also makes it easier for companies to reimburse their employees’ traveling allowances.This system has been designed to facilitate the needs of small companies, large multinational holdings, government departments, and private taxicab owners alike to give them a well appreciated control over automated accounting, record keeping and expenditure, all while increasing customer loyalty.

Contact-less taxicab payment processing system:

The V5 Taxi Tablet from Revosys system allows customers to pay for their fare by tapping their contact-less credit or debit bank card over the taxi interactive tablet screen. The 10.1”digital high contract LCD screen reads the taxi card and allows the passengers to send their taxi fare receipt to their cell phone via SMS or email. The taxi passenger also has the option to pay using their NFC-enabled cell phone.

Recent surveys conclude that 70 % or more of taxi passengers at one point or another carry less $20 in cash and would definitely use the taxi service that gives them the convenience of using their bank card. Additional research indicates that an overwhelming majority of taxicab drivers admire such a Taxi Card Processing system. This convenience has also shown to increase the frequency of “low fare” taxi fares.

By the end of this year, a large number of credit and debit bank cards will incorporate the contact-less technology. Using the V5 Taxi Interactive Tablet provides a convenient way for taxi fleets to take advantage of this new market trend.

Other Smart Cards:

The V5 Taxi Interactive Tablet incorporates capability of processing conventional smart cards. These smart cards include M/Chip-MasterCard, JCB, American Express and the Visa card. The V5 Interactive Taxi Tablet uses a secure PCI PTS 3.0 approved touchscreen for PIN entry that allows for a hassle-free taxicab Payment Processing experience.

As an increasing number of taxicab customers choose to forgo carrying sufficient cash at all times, equipping your taxicab with the Revosys V5 Interactive Taxi Tablet ensures an endless stream of loyal customers. Please contact Revosys today and never miss an opportunity with another customer again.

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