Google Wallet’s potential effect on parking industry infrastructure

Google launched a product this week called ‘Google
Wallet’ which uses ‘Near Field Communication’ (NFC) technology to enable secure
credit card payments using a mobile phone.

With Google Wallet, customers will be able to add their
existing credit cards to the platform. Google Wallet can be locked via multiple
levels of security, including a phone lock, a required Google pin and credit
card information encryption. The credit card number is never fully displayed.

Car park equipment suppliers and operators will need
to start thinking about the impact of Google Wallet on payment collection
infrastructure employed in car parks and on-street, either requiring an upgrade
to parking meters, auto pay stations and exit equipment, where a simple ‘tap’
from an enabled mobile phone may be all that is required for the boom gate to
go up.

You can find out more about the Google Wallet product launch here.

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