Correct Catty, and that is addressed to some degree in the article also.
"Some drivers have complained that the credit card processing clips about 5% off their income for fees, but they are missing the bigger picture that with credit cards (as demonstrated in many other industries) customers on average tip better and can spend more than just the cash they have on them. For taxi drivers that may mean more of the lucrative trips into the suburbs."
It's all well and good to say they will make more lucrative trips with credit card paying customers, but if that doesn't pan out then the cabbies are short the fees. On paper it looks good but will the reality pan out as good. That's what generating the fear of change.
As for the GPS issue and privacy, since they already have to submit paper reports on their trips, and they are transporting a paying public, the privacy issue is a nonstarter for me. We track trains, planes, etc, so why not cabs?
Market Data 
Markets 
AI
