Navigating a Cashless Future with iCabbi
27th October 2023
In a rapidly evolving economic landscape where digital transactions have become the norm, the days when cash was king seem to be a thing of the past! By 2021, cash transactions had dwindled to just 15% of total payments.
According to projections from UK Finance, the collective voice for the banking and finance industry, cash is expected to constitute only 6% of transactions by 2031.
The Rise of Contactless
In 2021 alone, a staggering one-third of all payments in the UK were through contactless methods. This trend highlights the growing need for quick, effortless, and secure transactions among consumers.
As we see this tilt towards a cashless society, it becomes crucial for businesses, especially those in the service sector, to equip themselves with reliable and efficient payment systems that reflect this change. This is where iCabbi can become your invaluable partner in navigating the cashless era seamlessly.
ALT+J: Facilitating Over-The-Phone Payments with Ease
ALT+J, a feature within iCabbi, efficiently enables businesses to process payments over the phone, paving the way for effortless prepaid bookings. Though this feature underwent a temporary pause, refinement and redevelopment were implemented to ensure it meets the highest standards of compliance and security.
With ALT+J, businesses can ensure a secure transactional environment where card details are encrypted using unique token IDs. This advanced security mechanism assures both operators and customers that their data is protected and secure.
What’s more, the seamless integration of ALT+J with Stripe ensures that all transactions are accurately logged and visible in your Javelin portal. This integration provides businesses with oversight and control over every card transaction, while also ensuring consistency in the processing of payments, whether through pin pads, passenger apps, or web bookings.
iCabbi’s Advanced Card Payment Terminal: Contactless, Mobile, and Integrated
Our card payment terminal is a hub of contactless and mobile transactions. It accepts payments through various avenues – whether it’s a swift tap of a card, Apple Pay, Google Pay, or the traditional Chip & PIN method. This versatility ensures that your service is accessible and convenient for all customers.
The card reader works seamlessly with iCabbi – the price is automatically passed from the Driver App to the terminal and payment information is passed back to iCabbi and is stored in the booking and card payment reports. Payment to drivers can be made in as little as 24 hours or go towards their driver rent.
We’re currently offering FREE* Pin Pads to fleets who are committed to providing their passengers with an option to pay by card.
Support and Visibility
We are dedicated to ensuring that you extract the maximum advantage from contactless payments. Our experienced and proficient customer success team is on hand to provide guidance and assistance tailored to your unique business needs.
Secure your free card reader today and embark on a journey of endless possibilities! The cashless era awaits, and with iCabbi, you’re not just prepared; you’re ahead.