News, Education and Events Decoding Digital Payments & Fraud

News, Education and Events Decoding Digital Payments & Fraud

D.C. Hacks to Take Plastic – Jan. 24, 2013

D.C. Hacks to Take Plastic 

Jan. 24, 2013

After March 30, a cab ride in the nation’s capitol won’t require cash. The DC Taxicab Commission (DCTC) on Friday mandated that taxis in Washington, D.C. be equipped to accept credit cards. A leap in available technology during the procurement process of a planned metering upgrade—an upgrade that had been facing increasing protest from cab owners—enabled the commission to look at alternatives that included card acceptance.

“In the past year the number of digital reservation companies that also have the capability to accept credit card payments has increased significantly,” said DCTC Chairman Ron M. Linton. “In order to swiftly offer a system for non-cash payments and add other components of modernization it is critical to require all taxis in the District to immediately obtain the appropriate equipment. We expect both drivers and passengers to benefit.”

Cab owners will contract independently for processing services, subject to the requirements of DCTC regulations.

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Daniel Leibovitch