EZ-Link Welcomes The Introduction Of The New Unified POS System In Premier Taxis in Singaporeby Fintech News Singapore June 8, 2016
EZ-Link Pte Ltd, Singapore’s largest issuer of CEPAS-compliant cards, welcomes the full launch of the new unified Point of Sale (POS) system in Premier Taxis that accepts ez-link and other contact and contactless modes of payment including MasterCard, American Express, Diners Club, JCB, Union Pay and NETS, and soon Visa cards.
Replacing the current payment system in over 2,000 taxis under Premier Taxis Pte Ltd, this latest integrated payment solution offers high level of transactional security combined with contactless, magnetic stripe and Chip & PIN, allowing taxi commuters to choose from a wider selection of payment modes of their convenience.
“EZ-Link is pleased to be one of the payment options on the new unified POS system in Premier Taxis. This will enable more customers who want to use the ez-link card to pay for their rides to do so, while improving the productivity and efficiency of taxi drivers as they no longer have to manage multiple payment terminals,” said Mr Nicholas Lee, Chief Executive Officer, EZ-Link Pte Ltd. “With the introduction of this integrated solution, merchants now have the option to choose the payment provider which best suits their business needs, from better cost-savings to operational efficiency. EZ-Link looks forward to seeing more merchants in the retail space adopting the new unified POS system offered by Wirecard.”
“With technological advances, smaller devices are now more powerful and can handle multiple payment services. The new unified POS solution leverages on our in-taxi communication and this flexible approach allows us to upgrade to faster network in the future without changing the payment devices.” added Mr Lim Chong Boo, Managing Director of Premier Taxis Pte Ltd.
“We are pleased to showcase our latest unified payment processing solution in Premier Taxis which combines both the front-end acceptance device and Wirecard backend processing platform. Not only does our front-end device accept multiple card payment methods, our multi-channel and multi-payment backend reporting engine provides Premier Taxis with the convenience of real-time online report for all modes of payment. This approach of unified acceptance and processing will be the model for market adoption”, said Mr Jeffry Ho, Managing Director of Wirecard Singapore Pte Ltd.
Further information: therightspin.com.sg