In this report we highlighted the significance of the taxicab industry for three main sectors of the economy and, furthermore, to what extent could some changes in labour and taxi regulations be detrimental to the perception of safety by taxicab passengers leading to a reduction in the number of journeys and an economic downturn in several industries. We considered the lack of effectiveness of current applications for giving security to the passengers when they hire a taxi in the street. Taking the taxicab regulation schemes and the issues concerning their passengers as a starting point, we set three groups of security requirements: User safety, Quality service and system’s capabilities and efficiency. The novel TAXI Authentication scheme was created as a response to the need to address those requirements. It is based on the increasingly accepted NFC technology and the tamper-resistant smart cards to construct the Front-office processes, particularly noteworthy is the TAXI Authentication protocol designed as a DDA authentication protocol for efficiency and scalability reasons and the quality service feedback that preserves the anonymity of users facilitating the quality assessment. Whereas, a robust Key Management System supports the Back-office processes grounded in certificates using ECDSA digital signatures due to its efficient performance in smart cards and short-length keys providing a high level of security. We conducted the preliminary security analyst against the proposed security requirements. After that, we applied to real world criminal use-cases concerning the taxicab passengers. The scheme shows promise of combating potential crime under whichever type of taxicab regulation scheme demonstrating great flexibility to adapt to a great number of circumstances and future attacks against the industry.