COMPANY PROFILE
Quick Facts:
> Consumers are increasingly looking to their mobile phones to complete financial transactions, with various studies estimating that the market for mobile transactions will exceed $600 billion by 2015.
> There are more than 16,000 parking garages in the U.S.
> QuickPay’s technology can interact with legacy transportation infrastructure, even raising a gate arm in a parking facility.
QuickPay
QuickPay is a mobile payments company that currently offers a convenient payment solution to motorists and parking operators that is fully supported by cloud based technologies. To date, the company has had considerable success in gaining deployments throughout a significant number of parking facilities in the San Francisco Bay Area, and is looking towards national expansion.
The QP system allows mobile devices to communicate with legacy infrastructure such as parking meters, enforcement systems, and gate arms in parking facilities. In the case of gate arms, with the QuickPay mobile app, users can discover nearby garages, and upon arrival, use the app as a modernized garage door opener to “check in” to the garage and automatically raise the gate arm for entry through geofencing or by scanning a Quick Response (QR) barcode. In the back-end, the user’s activities are logged in the cloud, providing personal and vehicle data for tracking and enforcement. At exit, users are assessed the appropriate parking fee to a credit card assigned to the user’s account.
Users and operators alike are increasingly attracted to the convenience of mobile payments, and these offerings are examples of off-the-shelf technologies that are increasingly finding their way into transportation systems as operators seek the revenue and cost efficiencies that these solutions offer.
