Card and cash parking meters win trust in Los Angeles
Los Angeles takes care of motorists making parking in the city easier. 10,000 parking meters were upgraded throughout Los Angeles during the last six months. New parking meters allow motorists to pay for their parking fee both with cash and cards, which is very convenient. Now the meters accept AmEx, Visa and MasterCard. What is important the coin and card parking meters do not influence the rates still charged from $1 to $4 per hour depending on location and time of day. Compared to old single-head battery-powered meters, the new meters are environmentally friendly, using solar power and saving on batteries, and vandalproof. They can send technical specialists a wireless signal when needing repair. The smart meters have also proved to be reliable to motorists. Tom Labonge, a councilmember, sees real benefits to the local community and is interested in more meters in the city to ease parking woes.
This project on coin and card parking meters supported by the Los Angeles Department of Transportation (LADOT) appeared to be a huge success in the city. The main idea of installing such e-cash meters followed by the officials was to boost city’s revenue through parking. And the solar powered parking meters do contribute significantly to the city’s budget. According to Mayor Antonio Villaraigosa LADOT projected to earn about $1,5 million in revenue per annum due to 10,000 IPS Group’s meters installed. And the very first new meters installed in May had immediately earned a lot. Far exceeding officials’ expectations, the 10,000 meters produced a revenue of $230,000 in just one September month.
Latest Other Card News
Walmart is finally ready to introduce a new subscription service offering free same-day delivery and fuel discount. Walmart+ was supposed to go live back in July, however, it was delayed due to the COVID-19 outbreak. Now the launch is planned to take place on September 15. The new product will help you order any goods […]
This month, American Express introduced its new tool called MyCredit Guide. The Amex website says: “We believe everyone should know their credit score and have the tools to understand it better.” That’s why the new feature was developed. Using the tool, you can find out your credit score and take a look at your credit report, […]
A virtual credit card is a unique credit card number that is linked to your main credit card account but is different from the physical card number. The virtual credit card number allows to shop online or over the phone without using your physical credit card. The numbers can usually be used once and expire if not used. The cardholders can also delete the numbers if they want or need to.
The results of the 2019 Debit Issuer Study, commissioned by PULSE®, a debit/ATM network, and conducted by Oliver Wyman, a global management consulting firm, show that consumer debit use has skyrocketed in the last year and will keep soaring. In 2018, the number of debit transactions increased by 6.7% reaching more than 68 billion. According […]
Yesterday, on October 28, Uber introduced their new team – Uber Money. According to the official website, it is supposed to work on financial products and technologies to let their customers access, manage, and grow money easier and faster. Uber is expected to develop several new features, as well as make enticing improvements to existing […]