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- W611496169 abstract "This article discusses the future prospects of the increasing number of cashless payment options being developed for parking applications. The options include pre-purchased decrementing cards based on magnetic strip technology, automated credit card transactions, and a new generation of microchip cards, including phonecards issued by British Telecom. For operators, such systems reduce the cost of payment collection and the amount of fraud and theft. Car park users no longer need to find the right change, and only need to pay for the actual time for which they park. In a recent Transport Research Laboratory (TRL) report, M Pickett concluded that magnetic prepayment cards and bank credit/debit cards have been shown to be a reliable and effective method of paying for parking, with many advantages. He considered that the use of cashless payment systems would increase with greater public awareness of them, but also identified some potential problems. For example, payment systems are fragmented, banks are reluctant to process transactions and self-service terminals such as parking equipment, and there are two divergent methods of marketing the new cards. The article describes several UK local authority payment schemes and commercial cashless payment products on the British market." @default.
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- W611496169 date "1997-09-01" @default.
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- W611496169 title "CASH-FREE TECHNOLOGY GAINS WIDER CURRENCY" @default.
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