Ann: Half Year Accounts , page-5

It's not really an unbreakable monopoly - there are plenty of "mobile terminals" in taxis that are rewarding drivers with a %age payment for using them, as opposed to cabcharge not giving anything to the drivers. So far these alternate terminals have captured 15% of the credit and debit card market - that's a fairly big hole in CAB's market - they (CAB) are spending a lot of resources in trying to combat this, the latest being the "chip" or "wave" technology which does away with pin nos. and signatures. CAB is spending the money yet the others are following after the event and taking advantage - electronic fares by these alternate providers are growing and will cost CAB. In addition they are yet to fully state the unfortunate investment in the UK market with Mersey and other allied investments.