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15/10/2010 -
Cities across the country are starting to replace coin-operated parking devices with meters that accept credit cards.Chicago recently replaced all 36,000 of its parking meters with kiosks that accept credit cards last year after signing a $1.15 billion deal with . The kiosks, which print off a ticket stating how much a driver paid, do not store consumers' credit card data in order to keep the payment processing secure.
Credit card meters have resulted in large profit for Los Angeles, where 10,000 of these meters brought in $250,000 dollars in September, surpassing the city's prediction that the meters would bring in $1 million to $1.5 million a year. The city is now considering replacing the other 30,000 coin-operated meters with credit card meters.
Missoula, Montana, and Cambridge, Massachusetts, recently began installing credit card meters as part of a three-month pilot program. Both cities are using solar powered meters that send a signal to city officials when they are not working. Currently, Cambridge is trying to decide whether to use single-space or multi-space credit card meters in the future.
