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VERIFONE NEWS FLASH

01/10/2010

Advertisers Press Release

VeriFone Ramps Up Licensed Taxi Driver Recruitment Campaign & Extends Offer Of Financial Support To Victims Of Journeypay Collapse

As the collapse of Journeypay rocks London’s licensed taxi trade, VeriFone steps in to champion card payments in the Capital’s black cabs.  It also throws a vital lifeline to over 1000 licensed taxi drivers who will have outstanding Journeypay payments withheld because of legal action by Ingenico. 

VeriFone is currently recruiting London licensed taxi drivers to pre-register for its new VeriFone taxi payment system which makes accepting card payments easier for drivers and more convenient for travellers.

VeriFone’s message to ex-Journeypay drivers is clear, “Sign up with VeriFone as your card payment partner for five years, and we will replace the cash that is being withheld as a result of Ingenico serving a Winding Up Petition on Journeypay.”

∙        Over 1000 London licensed taxi drivers will be affected by Journeypay’s receivership, as a result of the Winding Up Petition served on it by its payments terminal supplier Ingenico.  Many of these drivers will have their recent earnings withheld as bank assets are frozen.  

∙        VeriFone, the world’s leading payment solution provider, is aware of their plight. It is currently introducing a new purpose designed in-cab card payments solution, specifically for London black cabs. 

 ∙        Comprising a driver-side terminal, a fixed passenger-facing secure PIN pad and a full colour display screen for safety information and news content, the VeriFone payment system accepts all form of card payments including credit, debit and contactless.

 ∙        VeriFone is offering the payment system FREE, to all London licensed taxi drivers that sign up.  Installation, maintenance and repairs are also FREE.

 ∙        There are no capital or operational expenses on the part of the driver or black cab owner.  All that is required is agreement to participate for a five year period.

Mark Roberts, VP Sales, VeriFone: “We have been listening closely to London’s licensed taxi drivers – developing a unique card payment system tailor made for them.  VeriFone’s solution overcomes many of the issues drivers had with previous systems.  It is an integral part of the cab, is easy to use and offers faster funds release; delivering new payments convenience for customers and fare revenue opportunity for drivers without any risk or additional investment.” “We are appalled at the situation many drivers now find themselves in as a result of Journeypay’s receivership.  Consequently, we are eager to engage affected drivers in our own card programme.  In exchange for their commitment, we will ensure that they do not suffer financially from the action that Ingenico has taken with Journeypay.”

By extending its recruitment offer of FREE card payment equipment and installation to include the replacement of  Journeypay drivers’ lost funds, VeriFone aims to keep London’s licensed taxi commitment to card payments live.

Studies show that consumers are carrying less cash.  With contactless booming and a potential surge of overseas visitors to London in

2012, it is vital that London has a card-based payment infrastructure in-place across its transport links. VeriFone is committed to achieving this goal by offering cab drivers the best solution, the best support and the best partnership possible. 

This offer is available until 30 October 2010.

Contact VeriFone at 0333 666 1000, text CAB to 88802 or emailnemea-info@verifone.com   

Website: http://www.verifone.com/uk-taxi

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