Stockholm cabs adopt EMV m-payments

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Hypercom, Samport Payment Services and Structcab are supplying 1,600 Hypercom Optimum M4100 mobile payment terminals to Taxi Stockholm cabs, which transport over 40,000 people daily. Deployment should be completed by the end of the year.

With Structab’s MegTax taximeter and Hypercom’s Optimum M4100 Blade, the driver simply hands the M4100 to the customer with the fare already entered. The customer is prompted to proceed in the local language or English, enters a gratuity in the local currency if desired, swipes or inserts a payment card for authorisation, enters a PIN and receives a printed receipt.

“This deployment strengthens our position in the taxi vertical, expands our footprint in Europe’s transportation sector, and brings new levels of speed, security and convenience to the taxi cab drivers and their passengers,’ said Peter Vesco, MD, Hypercom Northern Europe.