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VeriFone has been awarded a multi-million dollar contract to supply 20,000 of its Vx-810 contactless payment PIN entry units for Cabcharge Australia, to provide taxi drivers and passengers with greater convenience, security and speed.
The Cabcharge non-cash fare management system is currently offered in approximately 96% of all taxis in Australia, as well as in other transport systems such as limousines and water taxis. Some 400 Australian taxi companies now accept Cabcharge facilities, representing around 18,000 taxis.
The Vx-810 will be an integral part of Cabcharge's new fare management system, featuring Chip and PIN, Pen and PIN and contactless, and will also support payments initiated from mobile phones using the emerging Near Field Communications (or NFC) standard. The roll out of the new system will commence in October 2008 and be completed by December 2009 in taxis that use the Cabcharge system.
The Vx-810 is a fully programmable PIN entry system combining a small footprint with a comprehensive user interface. With an ATM-style interface, large keypad, and high resolution display it is well suited to handing over to consumers for card activation. The system supports a range of payment and value-added applications and meets the latest security standards, including PCI PED as well as EMV Level 1 and 2.
For additional information:
· Visit VeriFone at http://www.verifone.com
· Visit Cabcharge at http://www.cabcharge.com.au
Sources: VeriFone Holdings Inc.; Cabcharge Australia Limited
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