Premier Taxis launched a new unified Point of Sale (POS) system (by Wirecard) that accepts ez-link and other contact and contactless modes of payment. This is great news for consumers as they can use their ez-link card in more places.
Hopefully, more merchants can adopt the unified POS so that consumers can benefit from it and they (merchants) will only need to maintain just one system. Read the Press Release for more information.
EZ-Link welcomes the introduction of the new unified POS system in Premier Taxis
Taxi commuters can now conveniently pay for their rides with ez-link cards and a wider selection of payment modes
SINGAPORE, 8 June 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.
About EZ-Link Pte Ltd
EZ-Link Pte Ltd was formed on 8 January 2002. Its core business is the clearing and settlement of all ez-link card transactions generated in transit and non-transit (retail/merchant) environments, as well as the sale, distribution and overall management of ez-link cards. To date, more than 17 million new CEPAS-compliant ez-link cards have been issued. This is in tandem with the government’s plan to promote cashless payments in Singapore. In line with this vision, the new ez-link card is now also accepted as a mode of payment for Electronic Road Pricing (ERP) and at carparks fitted with the Electronic Payment System (EPS) when used in the dual-mode in-vehicle unit. In 2013, EZ-Link launched the “My EZ-Link Mobile” application, the world’s first Near Field Communication (NFC) mobile application for contactless card top-ups. In 2015, EZ-Link unveiled two new innovations in Singapore, EZ-Charms, the first non-card form factor, as well as the EZ-Link Rewards with Perx to reward commuters for using public transport with the ez-link card.
About Premier Taxis Pte Ltd
Premier Taxis takes pride in delivering the highest quality taxi rides offered in the country and aims to distinguish ourselves as a Premier taxi operator by selecting only the finest vehicles to match our superior customer service. Our taxi drivers are trained to meet the expectations of the discerning public. Since the launch of our first 50 taxis in March 2004, Premier Taxis has expanded the fleet steadily and currently operates over 2,000 taxis. To further improve our service standards to our business partners, Premier Taxis has a full-fledged vehicle Service Centre with the sole purpose of providing a one-stop solution in dealing with all vehicle related issues. Our Service Advisors are passionate about our drivers and their vehicles and will go all out to serve our customers.
Wirecard AG is a global technology group that supports companies in accepting electronic payments from all sales channels. As a leading independent supplier, the Wirecard Group offers outsourcing and white label solutions for electronic payments. A global platform bundles international payment acceptances and methods with supplementary fraud prevention solutions. With regard to issuing own payment instruments in the form of cards or mobile payment solutions, the Wirecard Group provides companies with an end-to-end infrastructure, including the requisite licences for card and account products. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI). For further information about Wirecard, please visit www.wirecard.com or follow us on twitter @wirecard.