Cabcharge to deliver payment software to Secure Parking

Secure Parking will soon be able to process electronic payments and credit transactions at its car parks throughout Australia as part of a new agreement with Cabcharge Australia.

As part of the agreement, Cabcharge will be responsible for delivering an end-to-end software payment solution, including networking, switching, and security, to Secure Parking.

According to Cabcharge CEO Andrew Skelton, Secure Parking is the company's first electronic payments client outside of the taxi and transport payments industry. The company said it has previously delivered its payment terminal codes to major banks such as NAB and Westpac, as well as Australian retailers including Woolworths.

"Our in-house payments expertise dates back many years. In recent months, we have considered how new clients can make use of our payments expertise more broadly. There are many applications for payments technology that require a level of focus or security beyond supplying payment terminals to mum-and-pop retailers," he said.

The rollout of the software solution to Secure's car parks will commence in July 2015.

In separate news, Ingogo taxi app and travel expense management solutions firm Concur have partnered up to launch a corporate feature on the Ingogo payments system aimed at businesses.

The feature allows receipts from taxis booked through Ingogo to flow directly into the Concur expense management system. Taxi charges currently account for 45 percent of all expenses in Australian businesses, Hamish Petrie, founder of Ingogo, said.

"For too long, businesses have had limited options, because of a taxi monopoly. We're bringing a better option to the table through our partnership with Concur. It's a typical story of an innovative company re-writing the rules of the game and making things more efficient and better for the end user," he said.

"Breaking the monopoly on Australia's taxi industry and a fair go for all is core to what Ingogo stands for, and launching a new way of helping customers with corporate expense management is a great way to provide companies with more -- and better -- options."

Ingogo is currently gearing up to close a AU$12 million capital raising round by May, adding to the AU$9.3 million round it completed in October last year.

To date, the company has raised AU$16.2 million, with the soon-to-be-completed round set to top that figure up to AU$28.2 million.