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In May 2014, the company closed its internet-based tax receipt service when it was discovered that a security flaw enabled people to access information about clients, the last four digits of credit card numbers and taxi number plates. [10] In 2015, Ingogo raised $12 million in a funding round that valued the company at $100 million.
Taxi Media is a taxi advertising company based in London, UK. On 1 September 2011, Taxi Media was acquired by VeriFone and now operates as VeriFone Media. It was previously owned by Clear Channel but was acquired by Taxi Promotions in 2009 for several million pounds. [ 1 ]
According to OZY, the fees that inDrive takes from drivers' receipts average 5–8% of the fare, which is significantly less than other major ride-hailing services. inDrive takes 12.99% of the fare in commission. [8] [9] [10] Passengers make all payments for rides directly to drivers in cash or non-cash settlements . [11]
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Cabcharge accounts – customers can create a line of credit for use to pay for taxi fares and related charges, and involves the use of a Cabcharge credit card, e-ticket or paper voucher. The value of taxi fares paid using such instruments in Australia in 2007/08 was over A$455 million. Cabcharge levies a 10% service fee on such payments.
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