City of Detroit Installs Credit Card-Enabled Parking Meters
Citizens of Detroit are going to have a new option when they pay for parking.� Over 1,000 traditional parking meters have been torn out from the city’s streets, replaced by 175 multi-space meters that accept credit cards as well as cash. While credit card-enabled parking meters have debuted previously in a few other cities—most notably Las Vegas—Detroit’s installation represents one of the largest in the United States.
The meters are being installed through a partnership between hardware provider Duncan Solutions, and payment transactions company Peppercoin.� The companies estimate that 300,000 credit and debit card transactions will take place in the first year of the meters’ deployment in Detroit.
Peppercoin recently commissioned a survey which found that 9% of respondents had used credit card-enabled parking meters, but that 28% said they would if given the opportunity. According to Peppercoin, the disparity between the two numbers means there are 38 million Americans who today do not have access to card-enabled meters that would use them if they were available.
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