Uber Keeps Pace With Lyft, Makes Deal With Regulators

What's Next In Payments®
6:22 AM EDT February 1st, 2013

eHailing app Uber has reached an agreement with the Californio Public Utilities Commission, avoiding the $20,000 fine and cease-and-desist action levied against it in late 2012.

“The agreement states that ride-sharing — or rides provided by drivers not specifically licensed to drive a limousine or taxi — is legal too,” Uber said in a statement. “This paves the way for Uber to begin offering ride-sharing services in California in the near future.”

The news comes just one day after Lyft made a similar deal with the CPUC before expanding to Los Angeles.

Read the full story here.

Topics:
Comments
Also by This Author
What's Hot
News
Square Launches Register App Platform
News
Etsy’s Card Reader Shakes Up Virtual Payment Space
Merchant Innovation
Ron Johnson’s New Company To Focus On Shopper Decisions
Apple Pay Tracker
Rite Aid Reverses Itself On Apple Pay, Stops Accepting Payments
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Company Spotlight
Inside the Future of Commerce, Post Apple-Pay
News
Solving for the 10 Most Common Cyber Threats
B2B Payments
Deutsche Bank Integrates MyStandards Services Into App
News
Square Launches Register App Platform
View All Articles ››