The Taxi and Limousine Commission (TLC) of New York City has given the go-ahead for Square Mobile Payment system to conduct a pilot program.

The approved pilot program will involve 30 NYC taxicabs (the city has a total of 13,237 taxis) and will run for one whole year. The taxis under the program will be installed with iPads in the backseat, replacing the Creative Mobile and Verifone Taxi TVs. Aside from the iPad, the drivers will also access an iPhone that is installed within their easy reach. The iPhone will help in processing credit cards, looking at traffic data and other types of information. [Read more…]