Page 64 - Traffic infratech magazine

PARKING

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Parking Industryarking Industry

Modern consumer needs revolve around a seamless mobility experience,
and parking is part of this. The payment process can benefit mostly from

integrations and improvements using much of the existing technology.

ew payment methods Unlike retail, however, where most methods include paying through SMS
have been widely retail transactions follow a set process, for on-street parking where no other
adopted in the retail parking has variables in terms of the payment infrastructure is present,
industry and these are duration of the stay, location, and other or subscription models for long-term
Nnow being integrated added-value features such as electric repeat custom parking.
into parking too. These include vehicle charging. To suit all of those In order to provide a truly seamless
contactless payments using debit or scenarios and more, a huge array of experience for customers, parking
credit cards, digital smartphone wallets payments methods has been adopted operators should adopt a flexible and
and smart wearable devices. across the parking industry. These comprehensive payment model.

64 June-July ’19 / TrafficInfraTech www.trafficinfratech-com-500653.hostingersite.com