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To Maximize Sales

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... cities have mandated credit card acceptance (New York, Philadelphia, Chicago) FACT: Business travelers used to think it was convenient when Taxi Cabs took ... – PowerPoint PPT presentation

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Title: To Maximize Sales


1
To Maximize Sales Decrease Expenses
A New Way
  • Presented By
  • The Brennes-Jones Group

2
Its a Changing World
  • More and more cities are requiring taxi companies
    to accept credit cards
  • In 2006 debit card usage surpassed credit card
    usage for the first time (26.6 billion debit card
    transactions vs. 24 billion credit card
    transactions)
  • Debit card transactions are projected to rise to
    44 billion in 2009
  • Consumers, particularly travelers, are turning to
    debiting cards rather than cash
  • More and more cities have mandated credit card
    acceptance (New York, Philadelphia, Chicago)

3
  • FACT
  • Business travelers used to think it was
    convenient when Taxi Cabs took credit cards
  • Now they think its inconvenient when they
    dont.

4
Have You Changed With The Times?
  • Many taxi companies use antiquated methods of
    processing credit cards
  • Processing rates are high due to inefficient
    processing practices
  • Taxi companies are plagued by declined
    transactions, lost tickets and other assorted
    problems
  • Improper methods of processing credit cards are a
    security risk both for the card holder and the
    cab company and can result in significant fines

5
Keep Your Drivers Safe
  • OSHA reports that Taxi drivers are 60 times more
    likely than other workers to be murdered on the
    job.
  • According to the Bureau of Labor Statistics, 510
    drivers were murdered on the job between 1992-98.
  • Taxi drivers are also victim to more violent
    assaults (184 per 1,000 workers) than any other
    occupation with the exception of police and
    private security guards.
  • One of the protective measures recommended by
    OSHA is use of credit/debit cards to discourage
    robberies.

6
Find a New Way
  • Introducing the Way System
  • A wireless system to process mobile credit card
    transactions
  • Protects cardholder data
  • Processes transactions at the lowest possible
    cost

7
Complete in Every Way
  • A terminal with a magnetic card reader
  • Pin pad makes transactions more secure, often at
    a lower cost
  • Print a professional receipt on the spot. No
    signature required on fares under 25
  • Compact and easy to carry requires no
    installation, comes ready to use right out of
    the box

8
Why Process the New Way?
  • Drastically lower credit card processing rates
  • No more declined cards
  • No more lost vouchers
  • Simplify end of day procedures
  • Reduce charge backs
  • Higher average ticket sales
  • No signature required on fares under 25
  • Keep customers card data secure
  • Increased driver safety

9
Isnt It Way Too Costly
  • Absolutely not!
  • On average, the Way System will cut your credit
    card processing 50
  • How much do you spend on processing? Now,
    imagine half that amount in your pocket!
  • How much will you save? __________

10
A Way for Drivers to Benefit
  • On average, taxi drivers lose 150 per month
  • due to lost tickets and declined cards
  • No more lost tickets
  • No more declined cards
  • Larger tips
  • Handle more fares
  • We have a better Way to do business

11
A Way To Profit
  • The Way System costs less than 1 per day
  • The taxi company cuts its processing costs by 50
  • The taxi driver eliminates 150 per month in lost
    revenue
  • Everybody profits with the Way SystemDo the math
  • Savings from processing costs ____________
  • Savings from lost/declined cards ____________
  • Total savings
    ____________

12
Do the math



13
Let Us Show you The Way
  • The Brennes-Jones Group
  • Tim Morrissy
  • (800) 970-2592 Ext. 1025
  • Tim.morrissy_at_brennes-jones.com
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