Mobile phones have increasingly become tools that consumers use for banking, payments, budgeting, and shopping. Given the rapid pace of developments in the area of mobile finance, the Federal Reserve Board began conducting annual surveys of consumers’ use of mobile financial services in 2011. This 78-page report, “Consumers and Mobile Financial Services” (March, 2015) examines trends in the adoption and use of mobile banking, payments, and shopping behavior and how the emergence of mobile financial services affects consumers’ interaction with financial institutions.
ParkMobile Announces Mobile Payment for Parking in Richmond, VA
Parkmobile USA has announced mobile parking payment in Richmond, Virginia–drivers can use mobile phones to pay for parking.
After setting up the account at the ParkMobile website, customers can immediately start using the system with their registered mobile phone. Motorists can also select the option to receive text message alerts and reminders fifteen minutes before their time expires.
“CityParking Inc. is leveraging the cloud computing environment to enhance the way parking is managed. We are proving how the technologies that have been rapidly deployed in recent months down to the personal level can be incorporated into the parking experience and improve pricing and access to parking at the consumer level,” said Gloria K. Sharrar, principal owner and former Senior Vice President of Technology and Operations at Bank of America. “This is a game-changer for Richmond’s downtown parking. We are the first parking operator in Virginia to offer the pay by phone service for our parking lots.”
“Parkmobile is very excited to launch our pay by phone parking service in collaboration with CityParking. Pay by phone offers customers a new and better way to pay for parking. Parkmobile users have 24/7 access to their online account; they can print reports and easily track their parking expenses. It’s much faster and more convenient”, noted Albert Bogaard, CEO of Parkmobile.
The program will be offered at designated CityParking locations in Richmond.
More information: ParkMobile.com