Payments

Automation Anxiety

Drivers Distrust Parking Assistance Solutions, 
but Human Factors Can Help   By Yiqi Zhang   Features employing artificial intelligence (AI) are becoming the new standard for today’s vehicles, transforming the driving experience around the world. Although self-driving cars remain under development, parking-assistance solutions have become increasingly more integrated into registered vehicles, offering an innovative approach […]

Industry News … October 2024

The Verra Mobility Corporation, a smart mobility technology solutions provider, appointed Lin Bo as senior vice president of T2 Systems, a Verra Mobility company that specializes in parking management technology and services. Bo will report to David Roberts, Verra Mobility’s president and chief executive officer (CEO). Most recently, Bo served as general manager of FG […]

BREAKING NEWS – EXCLUSIVE: Flash Launches $85M Special Purpose Vehicle to Offer Flexible Payment Options

By Jay Landers   Austin, Texas, Sept. 5, 2024 – In what it bills as a first for the parking industry, parking and electric vehicle (EV) charging technology provider Flash has secured $85 million in debt financing to form a new special purpose vehicle (SPV) designed to offer clients an expanded range of flexible payment […]

Innovation Navigator … September 2024

The Necessity of ‘Reinventing the Wheel’ in the Parking Industry   When it comes to innovation, it’s often said that we “should not reinvent the wheel.” However, history shows us the flaws in this perspective. The wheel itself has been reinvented countless times, evolving from a simple rounded stone slab to the sophisticated rubber-tired mechanisms […]

Payment Methods Matter

To Thrive, Parking Operators Must Understand Consumer Payment Preferences By Scott A. Petri   Is there tangible value in considering customer conveniences?   As payment technology evolves, the future of parking transactions will likely continue to move toward cashless methods, driven by consumer preferences for convenience, speed, and security.   Unquestionably, it’s important. In a […]

Industry News … September 2024

Access solutions provider ASSA ABLOY has signed an agreement to acquire SKIDATA, a provider of access management solutions and part of the Public Access division of the Kudelski Group. Subject to regulatory approval and customary closing conditions, the acquisition is expected to close during the third quarter of 2024.   The privately held investment company […]

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