Tuesday, June 14, 2005

Kiosk based parking meters?

According to ePaynews:

"Kiosk-based parking meters are one of the biggest remaining untapped markets for kiosk and payments providers, particularly in North America, according to industry insiders. Five to six IT firms are rolling out parking meters in US cities, with one vendor, Parkeon, citing Seattle as the latest to deploy its kiosks. The city, which now has over 500 parking kiosks, envisions increasing this to 1,200 to 1,600 machines to replace 9,000 meters by 2008 at a per-unit cost of USD 6,600 and will be the first to use online credit card authorization for parking payments on a mass scale.

"Parking kiosks are said to have a 98 to 99 per cent reliability rate versus 80 to 90 per cent for meters, and to increase revenues by 20 to 40 per cent on average without a hike in rates. In North America, parking is a multi-billion dollar industry and New York has over 1,500 parking kiosks, Portland 1,000 and Toronto more than 2,000 with deployments imminent in other US cities. Kiosks with credit and debit card-accepting capabilities also encourage the purchase of maximum time, especially in cities where a receipt can be used to park elsewhere if time permits."

Read the complete article here.

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