Welcome!

Microsoft Cloud Authors: Kevin Benedict, Pat Romanski, Liz McMillan, Lori MacVittie, Elizabeth White

News Feed Item

Frost & Sullivan Applauds Parkmobile for Being One of the Largest Providers of Cashless Parking Systems in North America

-- Parkmobile's success stems not only from the depth of its services, but also its collaborations with other stakeholders

MOUNTAIN VIEW, California, Aug. 19, 2014 /PRNewswire/ -- Based on its recent analysis of the mobile payment solutions market, Frost & Sullivan recognizes Parkmobile USA with the 2014 North American Frost & Sullivan Award for Company of the Year. In 2008, the Europe-based Parkmobile Group partnered with BCD Holdings and Fontinalis Partners to create a new North American subsidiary, Parkmobile USA. In just four years, the company replicated its success in Europe by establishing footprints in 37 American states, Australia, New Zealand, and Canada.

Click here for the full multimedia experience of this release - http://bit.ly/1AbBz3E

Parkmobile is a leader in innovative and comprehensive mobile payment solutions provider in the parking industry. Parkmobile's leadership in mobile payments for parking is evidenced by over 600 successful implementations throughout the U.S., Canada, Australia and New Zealand. In addition to its mobile payment solution, Parkmobile also offers a permit management system, a parking reservation system, a centralized parking management database and an extensive reporting platform.

"Parkmobile's first-of-a-kind mobile payment system allows motorists to pay for parking through an application on their phone. It eliminates the need to carry change, predict the length of stay, or repeatedly feed the meter to keep a parking session active," said Frost & Sullivan Industry Analyst Neelam Barua. "It even has a unique alert system that sends reminders 15 minutes prior to the expiration of a parking session, allowing the session to be extended remotely."

Parkmobile USA's services are used in airports globally, universities in the U.S., by private operators, municipalities, stadiums, hospitals, and other establishments. Its value propositions in cities include dynamic pricing, a central parking rights database, and the enabling of Big Data and holistic approaches, which mitigate congestion and CO2 emissions.

Parkmobile USA leads the market in presence and breadth of technology scope (apps, connected vehicles, interoperability, and reserved parking systems). The company has associated mobile payments for on and off-street integration, dynamic/demand-based pricing, and guidance for available parking in real time based on business analytics. It is also involved in congestion-charging solutions based on CO2 emission standards as part of a comprehensive parking and traffic strategy.

Its cutting edge mobile payment solution encompasses global positioning systems (GPS), quick response (QR) codes, near field communication (NFC), enhanced mobile apps (iOS, Android, Windows 7 and 8, and RIM), interactive voice recognition (IVR), and the Internet. Parkmobile USA's open architecture (.net) enables seamless interface via application payment interfaces (APIs), as the system is based on a service-oriented architecture.

Parkmobile has taken its solution a step further by working with major automotive manufacturers to migrate the Parkmobile mobile payment experience into "connected cars" offering the ability to locate, drive to and pay for parking all through the car without the need for a mobile phone.

"Simpler integration with current as well as legacy systems, meter and enforcement equipment manufacturers and major credit card processing platforms makes Parkmobile the most innovative mobile app platform for parking payments solutions," noted Barua.

Parkmobile USA is more than twice as large as its combined competition in the U.S. in terms of spaces, members, and transactions. More than 3 million members have signed up for Parkmobile in the U.S., of which 2 million members have downloaded the company's apps, making it the most widely used mobile payment solution in the parking industry.

Since 2008 the company's foray into the parking industry has led to more than 50 significant partnerships in the parking eco-system. This includes associations with smart parking companies like Streetline; the multi-space parking solutions provider, Parkeon; and an innovative leader in multispace electronic pay stations, Digital Payment Technologies. Recent additions of new and emerging payment options, such as PayPal and the Parkmobile Wallet, demonstrate Parkmobile's innovation and level of engagement in the industry.

Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in terms of growth strategy and implementation. The award recognizes a high degree of innovation with products and technologies and the resulting leadership in terms of customer value and market penetration.

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

About Parkmobile USA

Parkmobile is the leading provider for on-demand and prepaid mobile payments for on- and off-street parking. Their services are used in more than 600 locations in the U.S. by millions of registered users. Parkmobile's investors include Fontinalis Partners and BCD Group. Fontinalis Partners, with offices in Detroit and Boston, is a venture capital firm strategically focused on Next-Generation Mobility. With annual global revenues of $24 billion, including $9.2 billion partner sales, BCD Group is an international market leader in corporate and online travel and off-airport and mobile parking industry. For more information please visit www.parkmobile.com, facebook.com/ParkmobileUSA or on Twitter @Parkmobile.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the Global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on "the next big thing"

Register:        Gain access to visionary innovation

Contact:

Mireya Espinoza
P: +1.210.247.3870
F: +1.210.348.1003
E: [email protected]

Tina Dyer
P: +1.770.818.9036 Ext. 201
E: [email protected]

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER gives detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPOalso offers sp...
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...