Founded in 2003, Parcxmart is an information technology company specializing in smart card payment solutions, delivering value to customers with its initial focus on Municipal parking operations.
The company has developed an innovative multi-application smart card platform that integrates with existing global electronic funds transfer networks.
The company has developed an innovative multi-application smart card platform that integrates with existing global electronic funds transfer networks.
Who Is Parcxmart?
Founded in 2003, Parcxmart is an information technology company specializing in smart card payment solutions, delivering value to customers with its initial focus on Municipal parking operations.The company has developed an innovative multi-application smart card platform that integrates with existing global electronic funds transfer networks.
Parcxmarts management team is comprised of industry leading professionals from the payments, smart card and related technology industries. With offices in North America and Europe, Parcxmart is partnered with industry leading point-of-sale manufacturers, meter manufacturers and merchant banks.
Parcxmarts technology partners include Duncan Parking Technologies, Inc., a leading manufacturer and supplier of parking meters and related management systems; Ingenico and Verifone, the recognized world leaders in secure electronic payment technologies and transaction solutions; Smart Centric Technologies, the leading developers of secure e-Purse and related smart card-based applications; and One Card Solutions, a developer and integrator of smart card solutions for on-line and off-line transaction devices. The Company has agreements with major banks in Europe and North America.
These partnerships enable Parcxmart technology to offer a smart card parking program that combines secure transaction management, interoperability among cities and multiple merchants, interoperability with existing payment networks and has the potential for other multi-application exchanges.
Parcxmart Smart Card Payment Solutions
Smart cards differ from traditional magnetic stripe credit and debit cards in many ways. Aside from the fact that smart cards are dipped (inserted) or waved and not swiped - at point-of-transaction devices, smart cards contain a microchip with the intelligence to offer a wide variety of both advanced payment as well as non-payment applications on a single card.Parcxmarts Smart Card is a multiapplication
card containing pre-paid stored
value that cardholders use in place of coins
to pay for parking and other small purchases
at retail stores. It also contains a loyalty
program, which in conjunction with incentives
to retail merchants for selling and reloading
Parcxmart cards, promotes and encourages
both consumer and merchant acceptance.
Over time the Parcxmart solution will bring
these same benefits in the form of citywide
smart cards for use in tolls and transit.
Some of the unique benefits of Parcxmart Cards include:
Convenient
The Parcxmart card removes the need to carry coins for parking. The cardholder may use any chosen form of payment to load value to the card cash/check, credit or debit. The card can be reloaded time and again at multiple merchant locations.
Convenient
The Parcxmart card removes the need to carry coins for parking. The cardholder may use any chosen form of payment to load value to the card cash/check, credit or debit. The card can be reloaded time and again at multiple merchant locations.
Multi-City:The card can also be used for additional purchases at merchants and even in other participating cities on a regional or even national basis.
Secure:
The Parcxmart Card is built on a highly secure payment platform that provides a level of security which satisfies national and international banking standards. Secure Access Modules (SAMs) using 3DES cryptography ensures data integrity and non-repudiation for all transactions across the system. This significantly reduces the potential for fraud and ensures the city receives revenues in full and in a timely manner.
The Parcxmart solution is the only fully turnkey parking payment solution available today.
No other smart card parking program in the world combines secure transaction management, interoperability among cities and multiple merchants, interoperability with existing payment networks and has the potential for other multi-application exchanges.The Parcxmart solution works because everyone profits from the creation of a new dynamic community of exchange amoung cities, their local merchants and the citizens who drive, park and shop in those cities.
With Parcxmart, cities can increase revenues and decrease operating costs with no upfront capital outlay required.
Generates incremental revenue.
Reduces operating costs, fraud and vandalism.
Is a turnkey payment solution that requires no upfront capital outlay.
Provides a secure and accurate way of collecting, processing and receiving revenues from on-street and off-street parking locations.
With Parcxmart, drivers have a convenient alternative to using coins and cash at on-street and off-street parking locations.
Generates additional income to the merchant from commissions on card sales and reloads.
Increases store traffic.
Encourages customer retention.
Provides a secure and accurate way of processing revenues generated from loading Parcxmart Cards at merchant locations.
Parcxmart is designed to increase store traffic, encourage customer retention and generate additional income.
Offers drivers a convenient alternative to coins and cash at on-street and off-street parking locations.
Card can be used for purchasing items at participating merchants.
Encourages use of card with generous rewards program at participating stores.
Generates incremental revenue.
Reduces operating costs, fraud and vandalism.
Is a turnkey payment solution that requires no upfront capital outlay.
Provides a secure and accurate way of collecting, processing and receiving revenues from on-street and off-street parking locations.
With Parcxmart, drivers have a convenient alternative to using coins and cash at on-street and off-street parking locations.
Generates additional income to the merchant from commissions on card sales and reloads.
Increases store traffic.
Encourages customer retention.
Provides a secure and accurate way of processing revenues generated from loading Parcxmart Cards at merchant locations.
Parcxmart is designed to increase store traffic, encourage customer retention and generate additional income.
Offers drivers a convenient alternative to coins and cash at on-street and off-street parking locations.
Card can be used for purchasing items at participating merchants.
Encourages use of card with generous rewards program at participating stores.
How Parcxmart Works
To the municipal parking department, local merchant and average person, the Parcxmart solution will bring convenience to their operations.To begin your tour on how Parcxmart really works, click here...
