Both products are designed to provide greater efficiency, faster payment acceptance and new management capabilities to maximize profit potential for convenience store retailers.
American Express cardholders now can use their rewards points to pay for Big Apple cab fares instantly, thanks to a partnership between the credit card issuer and VeriFone Systems.
Similar to other credit cards, AmEx card holders have been able to use the rewards points they earn for flights hotels, retail purchases and access to concerts and sports events.
American Express is trying out a mobile payments solution for cab riders through a partnership with VeriFone, the company whose payments systems are installed in about half the city's yellow cabs.
Payment terminal maker VeriFone has appointed Paul Galant, previously a Citigroup payments executive, to be its chief executive officer and a member of its board of directors, effective Oct 1.
Independent sales organizations are starting to feel squeezed by technology companies selling tablet-based point-of-sale solutions to merchants, according to terminal kingpin VeriFone Systems Inc.
E-hail app Hailo is now using VeriFone’s API to offer in-app payments for New York City taxi riders.
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