August 7, 2006
NEWARK, Calif. — Payment Processing Inc., provider of integrated transaction processing, announced a partnership with Verrus, a mobile commerce provider, to offer integrated credit card payment processing for pay-by-cell-phone parking service for both Europe and the United States.
"PPI provides a comprehensive solution that allows us to easily integrate real-time payment processing into our applications," said Neil Podmore of Verrus. "By having one resource that provides technology, merchant account services and extensive support, we're able to streamline our operations and provide our customers with a complete solution."
The Verrus solutions allows customers to use their credit cards to pay for both on street and off street parking — without using coins in a meter or kiosk. Instead, drivers call or send a text message to a local number posted on the meter or parking space, provide the meter or parking space number and select the anticipated minutes they require. There is no need to use cash, and drivers have the option to receive a parking expiration reminder via text message and a receipt via email. A driver who is running late can call in again to add more time.
"Integrated payment processing for the parking meter industry continues to be a growing opportunity for PPI and we are excited to work with Verrus," said Peter Smith, director of client partner development at PPI. "By offering a comprehensive solution we are able to offer partners such as Verrus the ability to turn to one partner for all aspects of their integrated payment processing needs."