Mobile Knowledge Partners with Cabconnect Bringing Unparalleled Cashless Payment to Cabmate and XDS Clients

 

Ottawa, Canada, October 25^th 2006 - Mobile Knowledge is pleased to announce a partnership with Cabconnect of Chicago IL. Cabconnect is a leading provider of cashless payment processing and management services to North American ground transportation companies.

 

Cabconnect provides a suite of payment gateway and voucher management solutions capable of interfacing to the Mobile Knowledge Cabmate and XDS host dispatch software systems. Cabconnect offers Mobile Knowledge clients with the following features and benefits:

 

• Preferred VISA and MC processing fees
• Reduced chargebacks due to upfront business rules
• Account/Loyalty Card programs to replace voucher, coupons and chits
• Advanced Reporting options for you and your drivers
• Integrated cashiering elements

 

At its core, the Cabconnect software takes the place of IC Verify, directing credit card payments to the most advantageous transaction aggregator for real-time authorizations and expeditious settlement. 

 

Many MKC clients have taken advantage of the Card program business rules in an effort to alert errors and reduce fraud often associated with paper voucher programs.

 

One of the most exciting elements of the Cabconnect solution is the hosted nature of the applications. Leveraging the latest in web security and housed in a redundant data center (utilized by many financial institutions); clients have virtually no upfront capital costs, delivering immediate cost savings.

 

Izzy Aala, President and CEO, Cabconnect, explained the impetus for his company’s services, “The financial transaction industry has been penalizing the transportation industry for decades due to statistics generated prior to the advent of real-time credit card authorizations from vehicles. Working in association with NOVA, the third largest processor of credit card transactions in North America, Cabconnect offers its clients lower processing rates, and other cost savings due to inefficient and manual processes in cashiering and accounting activities” Mr. Aala added, “Mobile Knowledge has been extremely open and cooperative in assuring successful installation of the Cabconnect products at Mobile Knowledge client sites. We highly value our strategic relationship with Mobile Knowledge and look forward to supporting one another with the goal of serving our common customers in the years ahead.”

 

Mobile Knowledge Chief Operating Officer Kevin French explained MKC’s interest in this partnership, “Mobile Knowledge has a sincere desire to assist our clients in achieving ever improving operating efficiencies and reduced overhead. We recognize that the stronger our clients, the greater our prospect for repeat business and referrals within the industry. We have built our business around delivering unparalleled automated dispatch technology. Cabconnect has built its business around unparalleled financial transaction processing. Together, these two solutions promise to deliver improved top and bottom line performance for our mutual clients.”

 

For more information on the Cabconnect solution and how it can put your money back into your pocket, please contact Chris Plunkett at (773) 282-3565 or via email to sales@cabconnect.com.

 

For more information on the Mobile Knowledge suite of dispatch technologies, please contact your Mobile Knowledge Account Manager or contact Sales at (866) 624-5330 or via email at info@mobile-knowledge.com.

 

 

About Mobile Knowledge

 

Mobile Knowledge uses GPS and wireless communications technology to deliver advanced mobile data solutions for commercial taxi, limousine and transit applications. Building on global customer relationships and over 20 years of experience in the -dispatch market, Mobile Knowledge offers a highly flexible product suite to help fleet management businesses improve their productivity and generate new revenue streams. Through comprehensive system design, implementation, training, and support services, Mobile Knowledge ensures seamless integration and maximum return on investment for its customers. For further information, please visit us on the web at www.mobile-knowledge.com.           

 

 

About Cabconnect

 

Cabconnect offers a suite of products and services to ground transportation companies to enable secure electronic payments, manage financial transactions and use location data to provide enhanced electronic commerce and information services. Cabconnect’s products allow ground transportation companies to provide enhanced customer services and to streamline and improve their operations productivity and generate new revenue streams. Cabconnect ensures seamless integration to multiple devices and software platforms thus, maximizing return on investment for its customers