Article: CARD-ACCEPTING METERS BOOST TORONTO'S PARKING REVENUES.(1,300 meters use coins, credit cards)(International Pages)(Brief Article)(Statistical Data Included)

SchlumbergerSema's card-accepting parking meters have increased the Toronto Parking Authority's revenues at least 60% to C$75 million annually since workmen began installing the meters in downtown Toronto in 1999, George Levey, vice president of e-City, Schlumberger's Transactions Systems Division for North America, tells CardLine today. The 1,300 meters accept both coins and credit cards, Levey says. Payments by credit cards account for 40% to 50% of transactions, Levey says. "Parking rates in downtown Toronto are $1.50 per hour. It's a lot easier for a motorist to pay for parking with a card and move on rather than producing 12 quarters," Levey said during an ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!