Computer hardware, computer peripherals and software for use in electronic funds transfer and for use with the payment and charging of taxi services including electronic point of sale transaction terminals and equipment; equipment and apparatus to enable storage, retrieval, verification, encryption of taxi account and transaction information; computers including advanced reduced instruction set computer machines and touch screen devices and apparatus incorporating radio frequency identification devices and/or telecommunications facilities and/or global positioning system location information and/or near field communication information all for transmitting, displaying and storing payment information for use in connection with taxi payment services; magnetically encoded credit and debit cards and card readers for use with the payment and charging of taxi services