This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Frias Transportation Infrastructure Provides VeriFone Proprietary Solutions

LAS VEGAS, Dec. 11, 2012 /PRNewswire/ -- Mark James, Chief Executive Officer of Frias Transportation Infrastructure, LLC (FTI), a Nevada based company, said today that it has recently closed a deal with VeriFone Systems, Inc., (NYSE: PAY) based in San Jose, California, for the purchase by VeriFone of intellectual property rights and software that FTI developed for the taxicab industry.  FTI is an affiliate of Frias Transportation Management, the largest taxicab operator in Las Vegas with almost 1,000 taxicabs.  Frias Transportation Management also operates charter buses and the highest volume airport shuttle operation at Las Vegas' McCarran airport, as well as Las Vegas Limousines, one of Nevada's largest providers of luxury and business transportation.

James, who is also CEO of the Frias Transportation Group, said that FTI was created to develop software infrastructure for both fleet operators and regulators in the taxicab and for-hire-vehicle industry.

"As one of its first projects, FTI developed from scratch several patent pending technologies to provide passenger interactive advertising and point-of-sale systems for taxicabs, as well as unique methods of distributing advertising and coupon booklets as transportation ticket vouchers.  The system, trade named Roll Deals, was deployed in over 250 Frias taxicabs in Las Vegas, and was supplemented by FTI's Roll Magazine, which uses FTI's first-of-its-kind magazine-ticket voucher technology for distribution. For FTI, the sale of our innovations to VeriFone, the world market leader in payment and advertising solutions, represents a tremendous validation of our work in the field," James said. 

"As a transportation software company affiliated with and run by one of the largest for-hire-vehicle operators in the country, FTI is uniquely positioned to provide software solutions to taxicab, limousine and other fleet operators, as well as regulators, and that is exactly what we are doing," James added. 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs