Boston, MA 06/18/2014 (wallstreetpr) – Secure electronic payment Solutions Company, VeriFone Systems Inc. (NYSE:PAY), has unveiled Way2ride mobile app to be used by taxi passengers in Philadelphia for proximity payment. Way2ride is expected to make taxi experience faster and easier for passengers across Philadelphia in terms of making payments.
Way2ride App Huge Success
The app is set to allow passengers make payments to 1,400 of the 1,600 taxi cabs in the city by essentially downloading the app. The app comes with digital receipts that are normally emailed to passengers and stored in the app for easy access. Launch in Philadelphia follows the app enjoying huge success in New York City according to the company’s Vice President for Taxi systems.
Way2ride Growth in New York
Way2ride app has already been accepted by more than 11,000 NYC yellow taxis as well as “borough taxis” consequently being used to complete more than 500,000 mobile transactions. After Philadelphia launch, VeriFone Systems Inc. (NYSE:PAY) plans to launch the app in more than 70,000 payment enabled taxis worldwide. The App is built on VeriFone’s open API cloud platform that allows developers to create various secure payment apps.
VeriFone Unveils EMV-ready in Saudi Arabia
VeriFone Systems Inc. (NYSE:PAY) has confirmed it has launched EMV-ready payment terminal from VX Evolution, in Saudi Arabia in partnership with International Turnkey systems Group. VeriFone’s VX520 the most advanced countertop payment system as well as VX675 world’s smallest full function wireless handheld payment device have already been certified by the Saudi Arabian Monetary Agency.
VeriFone’s payment terminals have been developed to provide the latest capabilities with robust security abilities able to meet the needs of banks and merchants. The company’s payment devices continues to receive rave reviews as they are compact, easy to install and easy to use for the end customers as well as merchants
VeriFone Systems Inc. (NYSE:PAY) has also confirmed that, Karen Austin, CIO for Pacific Gas & Electric Co will be joining its board with immediate effect.
