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An (almost!) free ride
You don’t need money to pay for your NYC cab rides anymore. American Express card members can now exchange reward points for their fare in real-time on the VeriFone in-taxi devices that process more than 200,000 payments a day in more than 7000 cabs throughout the city. At the end of rides, cardholders who chose to pay with credit will be shown how many reward points are required and given the option to pay with points provided they have enough. On-screen buttons — “use points” or “no thanks” — will then let them choose how to proceed. A sign of more instant-points payments to come? Maybe.
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