IPS, Honda, Visa collaborate on In-vehicle Parking Payments
January 12, 2017
San Diego based Smart Parking equipment provider IPS Group is collaborating with Honda and Visa to integrate its Smart Parking technology with an end-to-end in-vehicle mobile payment parking solution.
With connected car technology, the driver is notified of available parking via the IPS mobile app integrated with the vehicle's dashboard. The driver selects the time increment needed and pays for parking using the application and secure Visa payment technology, and the meter displays the time purchased. Drivers will also be able to add additional time to the meter using their mobile phone.
"Payments have evolved from physical plastic cards to a digital, mobile wallet and Honda sees this as an opportunity to bring this technology into the car to pay for services from the comfort of one's own car," said John Moon, Developer Relations Lead at Honda Developer Studio. "Together with Visa's payment technology expertise and new partners like IPS Group, Inc. who are experts in their fields we can create a whole new in-vehicle experience for our customers focused on simplicity and convenience."
"IPS strives to innovate in ways that will reshape the role of parking and consumer interaction within urban environments," said David King, CEO, IPS Group. "Partnering to develop an in-vehicle mobile payment platform will redefine convenience and consumer engagement, and is one of the many exciting benefits that our 'Smart Cities' initiative will deliver to the public."
IPS Group is known as the developer of the patented IPS credit card-enabled, solar-powered Smart Parking meters seen on public streets in cities in North America and Europe. IPS is a provider of intelligent Smart Parking solutions for on-and off-street parking for municipalities.