Cabcharge reaches milestone with mobile commerce system Mobile commerce is generating a great deal of hype and, in some sectors, may begin replacing cash transactions. Cabcharge, an Australian company that develops payment technologies for taxis, believes that physical currency will be a thing of the past because of mobile commerce. In 2008, the company signed a deal with VeriFone, an international producer and developer of electronic payment systems. This deal brought 20,000 electronic payment terminals to Australia. Cabcharge has announced that it has reached a significant milestone in the use…
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