cab:app, the mobile hailing app, has introduced a free and secure payment processing facility for cab drivers operating in the London borough of Hackney. This will help drivers meet the growing demand by consumers who prefer the convenience of paying by card. In addition, this will offer drivers complete flexibility from their mobile phone to generate more income with no cost, no tie in, no radio circuit fees or specialist equipment installed in their cab.
The mobile payment app will allow drivers to accept debit and credit cards on VISA, Mastercard, American Express, Diners and Laser (Ireland only) for the range of services available on cab:app, including instant hails, pre-bookings and fixed price fares.
cab:app is free to download for drivers and passengers across the UK and Ireland on iPhone, iPad, Android, Blackberry and Nokia, and claims to be the most comprehensive app available on the taxi app market.
Sentiment in the financial services sector deteriorated in the three months to September, as firms digested the challenges of lower interest rates and the uncertainty caused by the vote to leave the European Union (EU), according to the latest CBI/PwC Financial Services Survey.
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
Despite faster payment technologies, business-to-business payments by paper cheque show no sign of decline from three years ago.
A global survey of 200 corporate treasurers by Temenos and Ovum shows that many expect at least some banking services to relocate away from London.