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Technology Stocks : VeriFone Holdings, Inc. (PAY)

PAY 35.48

-1.8%

Nov 5 3:59 PM EST

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From: Sr K	9/10/2014 11:22:23 AM
	of 186

finance.yahoo.com NEW YORK and SAN JOSE, Calif., Sept. 10, 2014 /PRNewswire/ -- Two existing payment apps in New York City's yellow and green taxis, RideLinQ® from Creative Mobile Technologies (CMT) and VeriFone's award-winning Way2ride®, have joined forces to introduce a new and improved passenger payment experience. Now, passengers will have the flexibility to use either app to securely and conveniently pay cab fares using their smartphones in any one of the nearly 20,000 yellow and green taxis in New York City. Previously, the functionality of each app was limited only to taxis with one of the two payment technology systems. Passengers could only use RideLinQ® in taxis equipped with Creative Mobile Technologies' in-vehicle payment technology while Way2ride® could only be used in taxis equipped with VeriFone's in-vehicle payment technology. With this collaboration, the functionality of both RideLinQ® and Way2ride® has become universal and each app will now work in any New York City taxi, signaling the taxi industry's emerging commitment to embracing new technologies for a seamless and enhanced passenger experience. . .

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