This month, the WaveCrest team attended the Taxicab, Limousine, and Paratransit Association (TLPA)’s Annual Convention and Trade Show in San Antonio to learn more about the industry and present its new payments solution for fleet owners, the MyFare Card. The card is designed specifically for the taxi and limo industry as a way to pay drivers more quickly and efficiently while also saving the company money. The conference featured a number of roundtable and breakout sessions focused on best practices, innovations in operations and the competitive landscape due to on-demand cars services like Uber and Lyft.
Perhaps one of the biggest announcements coming out of the conference was the merger between Creative Mobile Technologies, LLC (CMT) and Mobile Knowledge Systems, Inc. to form what is now considered the largest taxi and for-hire vehicle technology company in the world. Under the deal with CMT, the leading taxi technology provider in the U.S., Mobile Knowledge, the leading Canadian-based for-hire-vehicle dispatch, will continue to oversee support for its customers as part of the CMT corporate network, which includes media, investment, and international subsidiaries. Together, the companies will operate in more than 150 cities and 10 countries throughout the world.
Though the two companies have been strategic partners since 2005, this official merger is testament to the fact that it is an exciting time to be in the transportation industry. Consolidating the talents of these two companies under one roof will help to streamline taxi technology solutions worldwide, proving that streamlined and efficient offerings, like MyFare Card, will be essential to conducting business in the industry.