American Express launched a partnership recently with Verifone to give card holders more ways to spend their points, allowing them to redeem points at point of sale. Instead of using AmEx reward points for flights, hotels, or merchandise, card holders can now redeem their points to pay for their NYC taxi fares.
Taxi cabs already equipped with VeriFone devices – which are screens that allow passengers to swipe and pay for cab fares via a credit card - will now extend services to AmEx members.
Passengers who are enrolled in membership rewards will be prompted a “use points” button on the VeriFone screen, and can choose to either redeem or decline. If the card member chooses to decline or does nothing, the cab fare will be processed as a regular credit payment.