An award-winning Bahamian bank has launched what is expected to be a boost for small business – a mobile credit card machine allowing customers to pay with plastic anywhere, anytime.

BOB recently introduced the hand-held chip-enabled mobile Verifone, providing taxi and limo drivers with the point of sale terminal prior to introducing it to a broader audience.

“We introduced the Verifone 520 in late December and have already had reports from taxi drivers that they have not only experienced an increase in revenue as a result because people are extending rides or tours, but they personally feel safer because they are operating in a cashless environment,” explained Leonardo Thompson, BOB Assistant Manager, Merchant Services.

One of those drivers, Kenly Charite of SUV Transport, said the cashless payment process has raised his business to a new level.

“It has been a real plus,” said Charite. “It’s especially important for business and corporate clientele who send their representatives and managers to The Bahamas and now they can get a proper printed receipt for their expenses so I am getting more financial clients because of this. It’s really uplifted my business.”

Charite, who owns several limos and employs more during conferences or other busy times, said the point of sale terminals have also been helpful to families running short of cash and grateful for the ability to pay by credit card.

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SATISFIED CUSTOMER -- Kenly Charite of SUV Transport said the cashless payment process has raised his business to a new level.