TaxiEpay, a unit of Australia-based Live Group, has begun deploying more than 3,500 Hypercom Corp. terminals to support a new payment card-acceptance system for taxis in the Australian cities of Sydney and Melbourne, the Scottsdale, Ariz.-based terminal maker announced June 8.
TaxiEpay should complete the installation of the M4230 terminals in six to 12 months, Hypercom says. The M4230 devices rely on wireless telecommunications to connect to transaction processors.
The terminals are part of a system TaxiEpay unit developed to make it easier for passengers to pay fares using payment cards. Taxi drivers hand the terminals to riders to complete a transaction.
Drivers get paid by taking a paper voucher TaxiEpay supplies to participating locations, such as service stations, and cashing out the amounts owed to them without being charged a commission, Live Group says.
Live TaxiEpay earns revenue from its share of a service fee assessed in Australia for taxi fares paid with a payment card, Tom Varga, CEO of Live Payments, also part of the Live Group, tells PaymentsSource. Live Payments operates TaxiEpay. The fee covers the terminal costs, merchant fees and support services, Varga says.
Hypercom is leasing the terminals to Suncorp, an Australia-based bank that works with Live Group.
Taxis in Spain and France also are using Hypercom’s payment terminals, Hypercom says.