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Canadian Merchant Industry News

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Industry News

City installs credit-accepting parking meters

By Kristen Lawrence

New parking meter processes credit transactions.

29/06/2010 - Drivers soon may able to wave good bye to feeding the meter with coins and begin swiping through a credit-debit machine, instead.

San Rafael, California is testing a number of credit-card payable meters, the San Rafael/Terra Linda News Pointer reports. The trial program is currently measuring public response while estimating the cost of operating and maintaining the credit machines. If the program is a success, the city plans on replacing 440 coin additional operated parking meters with the new credit-accepting machines.

Not only will it be more convenient for shoppers and citizens low on change, but it will also bring in more revenue for the city, the paper writes.

"If you've only got three quarters, that’s all you've got to pay with, and people have to rush their shopping. But with a credit card, people buy as much time as they need, if not a little more," Vince Guarino, San Rafael Parking Services Manager explained to the paper.

San Rafael is not the only city considering going coin-less. Washington, D.C. is currently experimenting with solar-powered meters that accept credit cards as well as a pay-by-phone system, the Washington Post writes.

Canadian Bankers Association develops blueprint for mobile payments

15/05/2012

The number of smartphone owners in Canada now represents half of all wireless users, and many retailers have already installed point-of-sale terminals enabled with the technology that can accept mobile payments.

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EMV payments cards more widely circulated

11/05/2012

Merchants that have not yet invested in point-of-sale terminals capable of accepting EMV-chip cards might feel more pressure soon, since the number of cardholders is growing. Data recently released by EMVCo reported that 45 percent of all cards in the world contain EMV microprocessing chips

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Retailers want mobile POS systems, study shows

02/05/2012

The surveyed merchants believe the mobile credit card processing devices will help them provide better customer service and greater payment convenience since they won't be restricted to the front of the store.

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