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VeriFone Systems, Inc. Message Board

  • subseaworker subseaworker Dec 11, 2012 10:17 AM Flag

    PAY lands another large taxi contract.

    VeriFone Systems, Inc. (NYSE: PAY), today announced a comprehensive, long-term contract to provide credit card processing along with digital and traditional media to Frias Transportation Management, the largest taxi operator in Las Vegas with almost 1,000 cabs. With this agreement, VeriFone provides almost 100 percent of taxi card payment services in the city and will generate more than $90 million over the term of the contract in revenue derived from equipment sales and fees from services and advertising.

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