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MPS, Cardis ink deal to make low-value e-payments profitable for parking kiosks

July 27, 2016

Municipal Parking Services has teamed with payments company Cardis to integrate Cardis low-value electronic payments technology into MPS parking kiosks. The technology aggregates low-value payments, reducing transaction processing fees and increasing operator revenue, according to a press release.

MPS will roll out its first kiosks integrating the new payment technology in the village of Cedarhurst on Long Island, New York.

"Transaction costs on low-value electronic payments are disproportionately high relative to the low purchase amount on our parking meters," MPS CEO Joe Caldwell said in the release. "The Cardis Solution not only offers more convenience to drivers, but stands to save MPS and municipalities like Cedarhurst, in aggregate, millions of dollars a year in merchant fees. We see Cardis technology as a differentiator that will set our solution further apart from the competition and enable us to expand more quickly into other U.S. markets."

"Cardis' agreement with MPS continues our commitment to reduce processing costs on low-ticket purchases," Jonathan Nierenberg, Cardis chief marketing officer, said in the release. "We look forward to implementing the Cardis Solution in Cedarhurst, and making that a test case for its introduction into other municipal parking systems. Furthermore, we anticipate that this will help pave the way for Cardis applications in other low-value payment-related transactions in the transit, convenience store, gaming, download, vending and e-commerce markets."