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December 12, 2012
07:02 EDTPAYVeriFone expects $90M in revenue from agreement with Frias
VeriFone Systems announced yesterday morning a long-term contract to provide credit card processing along with digital and traditional media to Frias Transportation Management, a taxi operator in Las Vegas with almost 1,000 cabs. With this agreement, VeriFone said it will provide almost 100% of taxi card payment services in the city and will generate more than $90M over the term of the contract in revenue derived from equipment sales and fees from services and advertising. The contract with Frias also includes advertising on the company’s airport shuttle bus service.
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