Verifone (NYSE: PAY) today unleashed the power of Curb, the first and only national ride-hailing app for taxis, in New York, Philadelphia, Miami-Ft. Lauderdale, San Jose, and the Washington D.C. area, making the traditional taxi industry more competitive than ever with private car services. Additionally, the number of taxis equipped with Curb has expanded in Chicago and Los Angeles.
Now live in 65 cities, Curb connects to more than 50,000 taxis, and is used by 100,000professional taxi drivers. Among its many benefits, Curb offers quick and easy ride-hailing from any iOS or Android smartphone, automatic e-payment with digital receipts, and predictable metered fares with no surge pricing.
“Curb is the best option for passengers who want the convenience of e-hail, but also want the safety and predictable pricing of traditional licensed taxis,” said Amos Tamam, senior vice president, Global Taxi Systems for Verifone. “It’s also the first app with an advance booking feature for cabs, available today in most major markets, including New York City, Chicago and Los Angeles.”
Ride Now or Ride Later
Using Curb to e-hail a cab is as simple as pressing Ride Now on the smartphone app and confirming a pickup location. There’s never any surge pricing; users pay just what’s on the meter, plus a nominal flat fee for hailing on the app. When the ride is over, payment is automatic. The app’s advance booking feature enables passengers to pre-book from 15 minutes to 24 hours in advance by simply pressing the Ride Later button.
“As we expand the number one taxi hailing app in the U.S., we are continuing to level the playing field for hundreds of thousands of properly licensed, professional taxi drivers across the country,” Tamam said.
Backed by the leading provider of taxi systems in the U.S., Curb is the only ride-hailing app for traditional taxis that is national in scope and is specifically engineered by the industry leader in taxi technology to integrate with the widest install base of in-taxi systems in the country.
About Verifone Taxi Systems
Verifone Taxi Systems powers more than 120,000 cabs in more than 160 cities across the globe with secure payments, cloud-based dispatch systems and fleet management tools, mobile apps, and digital media.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Systems, Inc.
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs and on currently available competitive, financial and economic data and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of VeriFone Systems, Inc., including many factors beyond our control. These risks and uncertainties include, but are not limited to, those associated with: successful rollout of our Curb taxi e-hail solution in new markets, execution of our strategic plan and business initiatives and whether the expected benefits of our plan and initiatives are achieved, short product cycles and rapidly changing technologies, our ability to maintain competitive leadership position with respect to our payment solution offerings, our assumptions, judgments and estimates regarding the impact on our business of the continued uncertainty in the global economic environment and financial markets, our ability to successfully integrate acquired businesses into our business and operations, our ability to protect against fraud, the status of our relationship with and condition of third parties such as our contract manufacturers, distributors and key suppliers upon whom we rely in the conduct of our business, our dependence on a limited number of customers, the conduct of our business and operations internationally, our ability to effectively hedge our exposure to foreign currency exchange rate fluctuations, and our dependence on a limited number of key employees. For a further list and description of the risks and uncertainties affecting the operations of our business, see our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. The forward-looking statements speak only as of the date such statements are made. Verifone is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.
Verifone is transforming everyday transactions into opportunities for connected commerce. We’re connecting payment devices to the cloud—merging the online and in-store shopping experience and creating the next generation of digital engagement between merchants and consumers. We are built on a 30-year history of uncompromised security with approximately 29 million devices and terminals deployed worldwide. Our people are known as trusted experts that work with our clients and partners, helping to solve their most complex payments challenges. We have clients and partners in more than 150 countries, including the world’s best-known retail brands, financial institutions and payment providers.
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