First In The U.S. Parcxmart-Compliant Parking Meters Now Available In Downtown New Haven

The City of New Haven continues to lead the way in making new technology benefit its citizens and visitors. As promised in April of this year, New Haven Mayor John DeStefano, Jr. today officially marked the installation of 525 Parcxmart-compliant parking meters throughout New Haven's downtown.
Manufactured by Duncan Parking Technologies, Inc. of Arkansas, these are the first Parcxmart-compliant meters to be installed in the United States.

"The New Haven Parcxmart™ Card, which we introduced to the City in April, makes parking, commuting, and shopping easier for everyone who comes to downtown New Haven," said Mayor DeStefano. "New Haven was the first city in the nation to fully adopt this new Parcxmart technology. Judging from the reaction by the public, the installation of the new meters, and the fact that the Parcxmart payment system is designed to work with many different municipalities, I would not be surprised to see neighboring towns consider adopting this new parking payment system."

The Parcxmart card and patent-pending payment solution is America's first fully-functional parking and local merchant smart card payment system. Users load and reload money onto the card, and cardholders have a convenient one card alternative to coins and cash for small dollar transactions at parking meter and garage locations, as well as for retail purchases at participating merchants across the United States.

“People will initially use the New Haven card because of its convenience at parking meters, and will likely find it valuable for other small dollar transactions at merchants throughout the city,” said New Haven 's Department of Traffic and Parking Director Paul Wessel “The merchants win with efficient transaction processing rates, increased store traffic, and Parcxmart commissions. And finally, the entire city benefits because this new technology is both easy to use and saves us substantial money."

At present there are nine New Haven parking lots and garages, and over 20 New Haven store or restaurants that accept the New Haven Parcxmart Card. The average merchant transaction for the Parcxmart card is approximately $5 and the average load onto the card is $30. Since its introduction in April, over 800 New Haven Parcxmart cards have been issued and loaded with money. There has been a sharp increase in card issuance since the meters began being installed two weeks ago.

New Haven's Traffic and Parking Department expects to replace its remaining 2500 on-street meter inventory with Parcxmart compliant meters over the next year. These meters will be made up most likely of a combination of single and multi-space meter technology.

“Merchants and consumers in New Haven are calling our program 'Cooler than
Cash',” said John Regan, President and CEO of Parcxmart Technologies, an offline electronic payments company. “They like the fact that, like cash, there is no chance of identity theft or personal fraud with our product, but unlike cash, if you lose your card and you saved your card number, you can get your money back. They like the New Haven-themed card and the fact that it supports the City. The merchants are also looking forward to our upcoming loyalty program ‘Cooler than Cash’ where card users can win instant rewards at participating merchants in the first quarter of 2006."
Parcxmart Technologies
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