A Look at Cards for Taxi Ride Payments in New York City
In an article titled "Taxi Commission Says Credit Cards Help Drivers", William Neuman writes for the New York Times "that credit cards may be saving the industry from feeling the worst effects of the recession." It turns out that since all cabs in New York City are now equipped for credit card payments, "many corporations that once ordered black cars for their employees have begun telling them instead to take a cab (which costs less) and charge it." One in five taxi trips are being paid for using payment cards.
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