Parkmobile USA, Inc. introduces the Parkmobile Wallet in the District of Columbia

ATLANTA, Oct. 23, 2012 /PRNewswire/ -- Parkmobile, a leading provider of mobile payment solutions to municipalities and parking providers around the world, announced today that its mobile payment for parking program just got simpler.  Parkmobile will now offer residents, businesses and visitors to the District of Columbia an even easier way to pay for parking using the Parkmobile Wallet beginning October 29.

(Logo: http://photos.prnewswire.com/prnh/20110419/CL86065LOGO ) 

"Our partnership with the District Department of Transportation (DDOT) is exciting and valuable.  We have more than 400,000 members and eclipsed 4.5 million transactions in The District alone since the launch of the service in July of 2011," said Albert Bogaard, CEO of Parkmobile USA, Inc.  "With the continued success of the mobile payment solution Parkmobile wants to offer parkers an added convenience."

Triggered by recent federal legislative reform enacted by the Dodd-Frank Wall Street Reform and Consumer Protection Act's Durbin Amendment, Parkmobile worked on the introduction of the Parkmobile Wallet.  This new option provides an even more cost-effective parking experience for frequent parkers in The District while remaining on the forefront of technological innovation for the mobile payment industry. 

Parkmobile members can now update their payment method to the Parkmobile Wallet via their online account at www.parkmobile.com or from their mobile app (available for iPhone & Android).  The Parkmobile Wallet is FDIC insured. 

"Many members are already using a wallet program such as E-ZPass and many retail stores offer similar convenient payment solutions," said Laurens Eckelboom, Executive Vice-President Marketing & Channels.  "Members will pay a lower transaction fee of $0.30 when they utilize the Parkmobile Wallet as a payment method in DC. They can continue to use existing payment methods, but due to increased cost related to the Durbin Amendment the transaction fee will be changed from $0.32 to $0.45.  This fee is similar to other large cities such as San Francisco, and nearby vacation destinations such as Rehoboth Beach.  The Parkmobile Wallet will be introduced in other cities soon."

"We would like to encourage our members to sign up for the Parkmobile Wallet as it will decrease the transaction fee, and simplify parking transactions," said Albert Bogaard, CEO.  "We wanted to provide DDOT and our members with a solution that would not only make parking easier but also offer a relief from the impact of recent federal legislation passed by Congress." 

"Pay by phone parking is a valuable service that hundreds of thousands of our residents and visitors have already taken advantage of," said DDOT Director Terry Bellamy. "Unfortunately, changes outside our control have caused credit card fees to rise, but Parkmobile has found a solution for customers that protects them from paying higher transaction fees."

To use Parkmobile's service, parkers register for free by setting up an on-line account at www.parkmobile.com or download the mobile app.  Once registered, members can use the mobile app or the internet to pay for parking.  Members can select the Parkmobile Wallet as a payment method via their online account at www.parkmobile.com or from their mobile app (available for iPhone & Android), through which they can initiate and manage their parking payments.  Their Parkmobile Wallet can be loaded via a credit card, debit card or in the near future ACH. 

About Parkmobile

Parkmobile is a leading global provider of seamlessly integrated end-to-end solutions for mobile payments, parking guidance using business analytics and parking.  Its offerings include mobile payments for on and off-street parking, digital parking permits, real-time enforcement and a seamless transit experience.  Its services are used in 350 cities around the world by millions of registered users.  Parkmobile USA was founded in Atlanta, Georgia and its call center, engineering team and corporate headquarters are located in the U.S.  Parkmobile's investors include BCD Holdings and Fontinalis Partners.  With annual global revenues of $22.1 billion, BCD Holdings is an international market leader in the travel industry.  Fontinalis Partners invests in and partners with innovative technology companies that modernize and improve transportation.  Fontinalis is led by Bill Ford, a lifelong environmentalist and the executive chairman of Ford Motor Company.  For more information please visit www.parkmobile.com, facebook.com/ParkmobileUSA or on Twitter @Parkmobile.

About DDOT

The mission of the District Department of Transportation is to develop and maintain a cohesive sustainable transportation system that delivers safe, affordable, and convenient ways to move people and goods—while protecting and enhancing the natural, environmental and cultural resources of the District of Columbia.  For more information about the agency and its parking programs please visit ddot.dc.gov.

SOURCE Parkmobile USA, Inc.

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