nyc taxi and limousine commission experience with credit debit cards in taxis
Download
Skip this Video
Download Presentation
NYC Taxi and Limousine Commission Experience with Credit / Debit Cards in Taxis

Loading in 2 Seconds...

play fullscreen
1 / 6

NYC Taxi and Limousine Commission Experience with Credit - PowerPoint PPT Presentation


  • 147 Views
  • Uploaded on

NYC Taxi and Limousine Commission Experience with Credit / Debit Cards in Taxis. IATR Survey Results. 20 Respondents (11 USA, 9 Canada, Bermuda) 90% Accept Credit Cards 50% Mandated / 50% Optional 3 Cap Credit Card Fees Fees Related to credit cards Reoccurring Monthly Fees (Base)

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'NYC Taxi and Limousine Commission Experience with Credit ' - abel


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
nyc taxi and limousine commission experience with credit debit cards in taxis

NYC Taxi and Limousine CommissionExperience with Credit / Debit Cards in Taxis

IATR Annual ConferenceSeptember 12 - 16, 2009New York City

iatr survey results
IATR Survey Results
  • 20 Respondents (11 USA, 9 Canada, Bermuda)
  • 90% Accept Credit Cards
  • 50% Mandated / 50% Optional
  • 3 Cap Credit Card Fees
  • Fees Related to credit cards
    • Reoccurring Monthly Fees (Base)
    • Initial Equipment Costs (Driver)
    • Equipment Maintenance Costs (Driver)
    • Transaction Fees (Driver)
  • 50% Permit the Passenger to Swipe Card

IATR Annual ConferenceSeptember 12 - 16, 2009New York City

tlc experience with credit cards
TLC Experience with Credit Cards
  • Optional before 2007 mandate
  • Required as part of T-PEP
    • Store Forwards
    • Floor Limit Approval
  • Initial resistance
      • Enforcement - Secret Rider
  • Now almost 40% of fares by dollar value

IATR Annual ConferenceSeptember 12 - 16, 2009New York City

chart of credit debit card usage
Chart of Credit/Debit Card Usage

Credit/Debit Card Fare*

Over $800,000,000

Credit/Debit Card Trips*Over 53,000,000

*Oct 07 to Aug 09

IATR Annual ConferenceSeptember 12 - 16, 2009New York City

other credit debit facts
Other Credit/Debit Facts
  • Tips Average 18%+
  • Automatic Tip Calculator
      • Idea from focus groups
  • Chargebacks rate extremely low (1:10,000)

IATR Annual ConferenceSeptember 12 - 16, 2009New York City

t pep business model
T-PEP Business Model
  • Owner Pays For:
    • Installation cost
    • Monthly Service Charges
    • Maintenance
  • Driver Pays For:
    • Credit/Debit Card Fee
      • Capped at 5%
  • Driver paid at end of shift

IATR Annual ConferenceSeptember 12 - 16, 2009New York City

ad