• Cabcharge Australia Limited
• Website: www.cabcharge.com.au

Industry:

Commercial Services & Supplies

Fiscal Year-End:

Jun 10

CAB provides a taxi charge account system to businesses and government authorities. It derives its revenues from charging a service fee for customer use of its transaction systems within taxis. The use of CAB-branded cards and dockets by account customers represents the bulk of transactions. Other revenue streams are derived through third-party charge cards (for example, Amex, Diners, MotorPass and JCB) and bank-issued cards (for example, MasterCard, VISA, Bankcard and Debit Cards with EFTPOS).

A partnership between Taxis Combined and Yellow Cab Group launched Cabcharge in 1976. The company listed on the ASX in 1999, while the CAB EFTPOS FAREWAY System came online in 2001. In early 2002, Cabcharge merged with Combined Communications Network (CCN). Today, most of the nationwide taxi fleet are licensees of Cabcharge and offer Cabcharge facilities. In 2004, Cabcharge made a takeover offer for ABC Radio Taxi Co-operative.

Cabcharge operates in the Commercial Services Sector providing taxi charge systems for taxi and limousine operators in Australia, Asia, the UK, Europe and North America.

CAB is a well-managed business that currently enjoys a monopolistic position in its core Australian market. CAB has developed a number of international strategic alliances. Its joint venture arrangements in London have allowed for the potential development of the Cabcharge system in this market. The adoption of GPRS technology for its transaction system further increases the company's sales in regional centres previously outside CAB's service range.

Cabcharge customers are taxi companies, businesses and government authorities. In 2004, Cabcharge's customer base was some 44,000 account customers, ranging from large corporations and government bodies to small business and individual accounts. With regards to taxi companies, Cabcharge has merchant agreements with them, detailing the basis of payments to the taxi companies. One of its major clients, Taxis Combined Services, has become a wholly owned subsidiary of Cabcharge.