The Royal Bank of Scotland
(RBS) is trialling contactless terminals in London black cabs for fares of
up to £10.
RBS is using
MasterCard's PayPass
contactless technology. Its rival
Barclaycard started
trialling its own cab terminals last year using
Visa's 'wave and pay'
technology.
The 'touch and go' terminals are designed to encourage people to use cabs for
short journeys.
“Drivers will benefit because payment is faster and there is potential to
attract more customers who do not have cash available or would not normally take
a taxi for 'lower fare' journeys,” said RBS’ managing director of global
merchant services Ron Kalifa.
According to the bank’s own research, half of its customers regularly carry
less than £10 in cash.
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