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Press release: “ParkJockey and PayByPhone Partnership”

>> PARKJOCKEY and PAYBYPHONE Partner to Help Drivers More Easily Locate, Reserve and Pay for Parking Using Their Smartphones

PayByPhone-ParkJockey-Partnership

Partnership offers the industry a comprehensive set of digital services for off-street and on-street parking.

December 21, 2015 Miami, FL and Vancouver, BC PayByPhone, the world leader in mobile payments for parking has joined forces with parking location and reservations provider ParkJockey to deliver a comprehensive set of off-street and on-street parking services to parking authorities, parking operators and consumers.

Through the partnership, PayByPhone will integrate ParkJockey’s off street parking location and reservation services into its paybyphone mobile app. In turn, ParkJockey will integrate PayByPhone mobile payment services into the ParkJockey app. The partnership will initially focus on the US, Canada and the UK and will expand globally accordingly.

“Our goal is to provide consumers with a complete service that helps them find, reserve and pay for parking wherever their travels take them,” said PayByPhone President and CEO Kush Parikh. “Together with ParkJockey we’ll be able to offer consumers the ability to pay for parking using their mobile phone at additional locations as well as reserve a parking space in advance of their trip.”

Added Umut Tekin, co-founder and President of ParkJockey, “The exclusive ParkJockey-PayByPhone partnership forms the world’s largest parking marketplace, which brings on-street and off-street parking together. We look forward to scaling our integrated solution globally and bringing the parking industry to a similar level to that of the taxi/ride sharing industry in terms of 21st century consumer experience.”

The two companies plan to introduce integrated services to their consumers in early 2016.

Experts estimate up to 30 percent of traffic in congested urban areas where street parking is in high demand results from drivers looking for parking. (1) A global survey of commuters in 20 international cities found that nearly 6 out of 10 drivers have abandoned their search for a parking space at least once and drivers often spend an average of nearly 20 minutes in pursuit of a coveted spot. (2) Furthermore, industry analysis has found drivers waste an average of 55 hours a year searching for parking costing them nearly $600M in wasted time and fuel. (3)

Cities Work Better When Parking Gets Smart
With over half of the world’s population living in our largest cities, transportation agencies are increasingly turning to intelligent parking solutions to better manage parking inventory and improve urban mobility. PayByPhone and ParkJockey provide cities with a scalable, cost-effective and immediate way to manage parking inventory as well as improve traffic in urban areas. Key benefits of PaybyPhone and ParkJockey’s services for parking authorities and local operators include:

  • Increase revenue: With the ability to get alerts and extend their time using a mobile app, PayByPhone’s mobile payment solution helps boost compliance which in turn boosts revenues through increased use of available inventory.
  • Improve and optimize capacity utilization: Adjust pricing based on demand to maximize use of available inventory and associated revenues.
  • Better operations & insights at a fraction of the cost. PayByPhone and ParkJockey offer cities, parking operators and building owners with an easier, faster and more cost effective way to manage parking. The two companies’ combined services enable parking providers to offer drivers with better services and greater convenience without having to install and maintain expensive smart meters or pay and display machines.
  • Better insight for urban planning. With a comprehensive understanding of parking inventory through payment transaction data, urban planners can gain insights that help them improve parking conditions and locations, and better locate special purpose lanes for bicycles and public transit on city streets.

Parking is considered the second largest source of revenue in most cities and expert estimates show deployment of smart parking technologies reduces traffic congestion while increasing compliance and revenue through better inventory utilization. (4)

ABOUT PAYBYPHONE

PayByPhone is one of the fastest growing mobile payments companies in the world processing more than four million parking, tolling, public transit, bike share and EV charging transactions a month in cities across Europe and North America. Through the company’s mobile web, smartphone and smartwatch applications, PayByPhone helps millions of consumers easily and securely pay for parking and other transportation services without the hassles of waiting in line, having to carry change or risking costly fines.

By helping transportation agencies and parking operators tap into the latest advancements in secure mobile payment, Big Data and location technologies, the company helps them reduce infrastructures costs while increasing revenue and compliance through the delivery of services integrated with consumers’ always on the go, mobile digital lifestyle. To learn more, visit us www.paybyphone.com or download our app for iOS, Android and Blackberry devices.

 

ABOUT PARKJOCKEY

ParkJockey is a rapidly growing technology start-up with a focus on helping drivers get the best parking spaces in the off-street market via reservations or on-the-spot payments. With over 100,000 parking spaces under management, ParkJockey is currently operating in Miami, Chicago, New York, San Francisco and all major cities in the UK. To learn more, visit www.parkjockey.com or download ParkJockey app for your iOS and Android device.

# # #

(1)Donald Shoup, The High Cost of Free Parking, Chicago: Planners Press, 2005 and 2011.
(2) IBM Commuter Pain Survey http://www-03.ibm.com/press/us/en/pressrelease/35514.wss
(3) Frost & Sullivan, 2015,Analysis of parking in London, Berlin, Paris, New York, Chicago, San Francisco, Amsterdam, Washington D.C.
(4) Frost & Sullivan, 2015, Strategic Analysis of Smart Parking Market in Europe and North America
Click here to download the full Press Release in PDF.

Contacts:

For PayByPhone:

Jim Bak

jbak@paybyphone.com

 

For ParkJockey:

Igal Aciman

Igal.aciman@parkjockey.com

 
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ParkJockey CEO at Florida Venture Capital Conference 2015

As a way to spark innovation and link professionals together, the Florida Venture Forum hosted their annual capital conference showcasing 20-25 of Florida’s most rapidly growing start-ups. Each start-up had the opportunity to present to an audience of angel investors, venture capitalists, and industry professionals. The two day networking event consisted of various panels discussing perspectives on the landscapes of investing, fundraising, and developing strategic operations. The company exhibitions ranged across industries from retractable golf clubs, to payment processing apps, to cutting edge healthcare technologies, and to other market disrupting entities. ParkJockey was honored to present at the largest capital conference in the state of Florida. The opportunity increased ParkJockey’s exposure within Florida’s start-up ecosystem as well providing several prospective investors and customers. The event was covered in several local publications, including The Miami Herald.

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ParkJockey Launches One-Touch Parking™ App

ParkJockey Launches One-Touch Parking™ App in Chicago

Chicagoans Can Now Drive With Peace of Mind & Let ParkJockey Handle the Rest – from Locating to Reserving Parking & Cashless Payments

 

CHICAGO September 15, 2014 ─ ParkJockey, developers of the “One-Touch Parking™” solution, announces its time-saving and eco-friendly parking locator and reservation tool is now available in Chicago. The no-cost mobile application drastically reduces the time spent searching for a parking spot by providing parking locations, estimates walking distances and even learns your parking-specific preferences so users can make an informed and smart parking reservation, pay for it in advance, and seamlessly sync their reservation with their calendar.

ParkJockey rolled out its One-Touch Parking reservation application in London, Miami and New York earlier this year with rapid adoption rates and we expect to bring the same level of relief to the more than 2.6 million Chicago residents and nearly 40 million people who visit the city annually,” commented Managing Partner, James Weiss, ParkJockey Chicago. “Chicago is known as the City that Works and ParkJockey’s parking application is going to make sure its dedicated workforce gets to work with less stress and without overpaying for their parking.”

At launch, ParkJockey’s application included access and reservation capabilities for more than 6,000 parking spaces in Chicago and this number is expected to grow exponentially by the end of the year.

Our advanced team of technology experts and business leaders have invested and developed an pj_app_handapplication that eases logistical challenges for commuters and travelers, while also helping to ensure parking lot owners and operators are operating at their full capacity and revenue potential,” remarked CEO and Co-Founder of ParkJockey, Umut Tekin. “But we are not stopping there. ParkJockey is already planning to roll out its second application by the end of the year. The premium application has not yet been announced but can best be described as a ‘virtual valet’; we are expecting it to revolutionize parking as we know it.”

 

Benefits for ParkJockey Users

  • One-Touch parking™ solution predicts the optimal parking space based on your preferences and external factors such as the weather.

  • One-Touch reservations from website or through the application.

  • Saves time and fuel spent driving around searching for parking.

  • Integrates / seamlessly syncs with your Facebook or personal calendar.

  • Access to ParkJockey’s round-the-clock local customer service support.

  • No payment worries; ParkJockey provides a cashless experience.

  • Application learns your parking preferences such as valet versus self-park.

  • ParkJockey Loyalty Rewards Program – one point is given for every dollar spent on daily parking and the user receives a $5 off parking discount once they accumulate 500 points.

Benefits for ParkJockey Parking Operators and Owners

  • Increase revenue potential by tapping into ParkJockey as a sales channel.

  • Optimize capacity utilization with full online control to modify your capacity and parking tariffs.

  • Collaborate with traffic generating venues – your parking operation will be exposed to events, venues and companies in your area to drive reservations and sales to your location.

  • Web-based solution provides real-time operational information and analytics.

  • No monthly fees, no sign up fees, no credit card fees, and no commitment.

About ParkJockey

ParkJockey is led by a team of experienced technology entrepreneurs, management consultants and parking specialists. ParkJockey has unrivalled expertise in the industry and is available in London, Miami and New York. A rapid expansion program is in place and will include Amsterdam, Istanbul, Los Angeles, Paris and San Francisco by end of the year.

ParkJockey is a no-cost mobile application, website and parking rewards program that helps users easily find and reserve parking, in advance or on-the-go. ParkJockey removes the stress out of locating parking, comparing prices and confirming availability for an easy park and go option for today’s busy commuter. ParkJockey is a member of the US National Parking Association and has been recognized in the UK for “Innovation in Consumer Experience”. For more information, visit ParkJockey.com. ParkJockey  is available for download from the iTunes® App Store and the Google Play™ store app.

-o-

Google Play is a trademark of Google Inc.

iTunes is a registered trademark of Apple Inc.

 

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ParkJockey featured on Reuters on the Road!

ParkJockey founder and CEO, Umut Tekin, is at it again – spreading the word about ParkJockey! Previously on prime time morning TV with CNBC,  this time, he’s speaking with Axel Threlfall of Reuters on the Road. In this interview, Umut gives a great explanation on how ParkJockey uses predictive analytics to provide more intelligent parking spot recommendations to its users. He also gives some insight into ParkJockey’s larger plans. Check out the full interview below or click here.

 

See Also: ParkJockey Receives Business Innovation Award

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ParkJockey CEO speaks at eMerge Americas Conference

The eMerge Americas conference wrapped up yesterday and we were so proud to have participated in its inaugural year. Yesterday our CEO, Umut Tekin, spoke on the Big City Mobility panel, highlighting how ParkJockey’s technology is helping users save time and money while improving the city’s traffic congestion. Umut also discussed how increased automation will drive the industry forward.

We look forward to continuing our involvement in the tech community in Miami and abroad.

Umut on eMerge Americas Panel (640x478)
See Also: ParkJockey CEO Speaks at eMerge Americas TechBash

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ParkJockey on live TV!

This morning was a momentous occasion:  ParkJockey was exposed to millions on live TV!

Not only have we accumulated 1000’s of social media mentions but also we got picked up in the top tech blogs such as The Next Web and IT Pro Portal, and not to mention our prime time breakfast slot on the one of the worlds top news channels – CNBC!

Our CEO Umut Tekin was asked to be featured on the CNBC morning show Worldwide Exchange, interviewed by Ross Westgate. ParkJockey’s app demo video was shown in the background presenting the seamless and ease of booking that coveted parking space with our app.

So, dear reader, hereby we give you ParkJockey – the parking solution that ‘Helps You Find That Elusive Parking Spot’ in London, because as studies show ‘you don’t want to spend a year out of your life time searching for parking, or do you?’

CNBC clip

Watch also on Yahoo! News

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ParkJockey highlighted in the Miami Herald

As the city prepares to kickoff eMerge Americas Techweek, the Miami Herald took the time to highlight a few startups that have chosen to call Miami home.  ParkJockey is showcased, along with game creator Shiver Entertainment, mobile-banking provider Yellow Pepper and a few others. All have relocated their business to the area based on quality-of-life, geographic position, diversity, or cost of living.

If you’re planning to attend Techweek, make sure to catch our co-founder and CEO, Umut Tekin, speaking on the Big City Mobility panel on Tuesday!

To read the full article, click here

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See Also: What To Do This Saturday

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ParkJockey CEO Speaks at eMerge Americas TechBash

ParkJockey at eMerge Americas PanelParkJockey co-founder and CEO, Umut Tekin, was a guest panelist on Thursday, March 6, at the BritWeek eMerge Americas’ Transatlantic Tech Bash presented by The Times.

Tekin, alongside Manny Medina of Medina Capital and Diane Sanchez of the Technology Foundation of the Americas, discussed the decision to start a technology-focused business in Miami and London.

The event is part of a week-long series celebrating the creativity and innovation between the U.K. and U.S.

See Also: ParkJockey CEO speaks at eMerge Americas Conference

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