Thursday, June 26th, 2025

Precise ParkLink, Canada’s leading provider of parking technology and management solutions, is proud to announce that it has been selected as one of three awarded suppliers under a new contract for . The contract provides public-sector organizations across Canada with streamlined access to parking equipment and management services from trusted Canadian providers.

Effective June 1, 2025, the agreement enables municipalities, academic institutions, and healthcare organizations to procure innovative parking solutions without requiring a separate bidding process. Members can partner directly with Precise ParkLink to access a wide range of services, including hardware, software, EV charging infrastructure, license plate recognition, parking guidance systems, and full-service parking management. This partnership reinforces the value of Canadian-built technology and service expertise in modernizing public parking operations. 

“We’re honoured to be selected by Kinetic GPO,” said Cynthia Bruce, Associate Director, Proposal Development at Precise ParkLink. “This opportunity aligns with our commitment to enhancing the parking experience for public-sector organizations through tailored, efficient, and forward-thinking solutions.”

With nearly 40 years of industry leadership and over 1,000 employees nationwide, Precise ParkLink is well-positioned to assist government and institutional clients in optimizing operations, enhancing customer experiences, and planning for the future of mobility.

About Precise ParkLink

Precise ParkLink is a Canadian-owned parking technology and management company offering end-to-end solutions for municipalities, hospitals, academic institutions, and private operations. With decades of experience and a national footprint, Precise ParkLink delivers innovative reliability and service excellence to clients nationwide.

About Kinetic GPO

Kinetic GPO is a national cooperative purchasing organization established to help broader public-sector entities streamline the procurement process by leveraging group purchasing power. Headquartered in Cambridge, Ontario, Kinetic GPO serves municipalities, non-profits, education and healthcare sectors across Canada.

For more information, contact:

Cassandra Carchesio

Manager, Marketing & Communications

Precise ParkLink Inc.

ccarchesio@precisebi.com

Author: Herbert Cheng, PMP, Manager, Projects, Precise ParkLink

Connect with Herbert on LinkedIn

As urban populations grow and mobility ecosystems become more complex, parking and transportation challenges demand innovative solutions. At the heart of this innovation lies a critical resource: data. From real-time analytics to long-term trend forecasting, data-driven research and development (R&D) are shaping the future of smarter parking and mobility.
In this article, we explore how data is transforming research and development in the parking and mobility sector.

Why Data Matters in Mobility R&D

In parking and transportation, data is no longer just a by-product of operations; it’s a strategic asset. Leveraging data in R&D allows parking technology providers, municipalities, and mobility innovators to:’

• Understand Behaviour: By analyzing usage patterns, dwell times, and peak hours, developers can design parking systems that align with real-world needs.

• Improve Efficiency: Data supports dynamic pricing models, intelligent enforcement, and optimized routing to reduce congestion and emissions.

• Enhanced User Experiences: Seamless payment systems, intuitive interfaces, and app integrations stem from data-backed user insights.

• Support Decision-Making: Planners and policymakers use data to assess infrastructure investments, accessibility, and sustainability initiatives.           

Key Data Sources Driving Innovation

To support R&D efforts, organizations rely on a wide range of data sources. Smart parking meters and ground-level sensors provide real-time information about parking space availability and turnover, which can be used to optimize space allocation and identify trends. Mobile apps and digital payment platforms contribute valuable behavioural data, offering insights into how customers search for, select, and pay for parking. License plate recognition systems and digital enforcement tools help monitor compliance and usage patterns across entire parking zones, revealing where enforcement strategies or regulations may need adjustment. Additionally, electric vehicle charging stations generate usage data that can inform infrastructure planning and highlight emerging demand hotspots. On a broader scale, municipal and open data sets, such as traffic counts, transit ridership, and land-use data, provide context that enables R&D teams to design solutions that integrate with broader urban systems.

Transforming Data into Actionable Insights

Collecting data is only the first step; the real value lies in transforming the information into actionable insights. With the help of artificial intelligence and machine learning, R&D teams can predict parking demand with remarkable accuracy, taking into account factors like weather, time of day, and nearby events. These predictive models enable the development of adaptive systems that dynamically adjust pricing, signage, or space allocation in real-time. Data also allows a more customized user experience.

Smarter parking and mobility solutions aren’t just a result of technological advancement; they stem from the ability to interpret, analyze, and act on meaningful data. As cities and mobility providers embrace a data-first mindset in their R&D efforts, they unlock the potential to create parking operations that are more efficient, sustainable, and human-centric.

References

The importance of data in R&D: How big data and analytics are shaping research. Tech4Biz Blogs. (n.d.).

Parking Industry. (2023d, December 28). 5 ways data and analytics can improve your parking operation. Parking Industry.

How real-time data is transforming parking and mobility revenue. International Parking & Mobility Institute. (2025, April 9).

Wednesday, June 18th, 2025

On Tuesday, June 10th, Precise ParkLink came together with , , and for a community donation initiative. In support of their incredible work, our team donated and helped pack and deliver a variety of essential items, including strollers, children’s clothing, maternity wear, and furniture.

As a proudly Canadian company based in Toronto, community support has always been at the heart of who we are. For nearly 40 years, we’ve remained committed to delivering trusted solutions and services across the country, while giving back to the communities we serve.

“Today’s donation of essential items is one small way we can support the incredible efforts of these organizations and the individuals and families they care for,” says Cassandra Carchesio, Manager, Marketing & Communications at Precise ParkLink.

We’re honoured to stand alongside Toronto Children’s Aid Society, Peel Children’s Aid Society, and Victim Services Toronto. Their dedication continues to inspire us, and we are proud to support their efforts.

Together, we can continue to make a meaningful difference.

For more information, contact:

Cassandra Carchesio

Manager, Marketing & Communications

Precise ParkLink Inc.

ccarchesio@precisebi.com

Author: Mahir Chopra, Associate Director, Precise ParkLink

Research and development (R&D) teams in parking and mobility are working to keep pace as cities evolve into smarter, more connected urban spaces. The global push toward sustainable living, autonomous technologies, and seamless urban transport experiences influences how we move and park. From sensor-enabled parking systems to AI-driven transit networks, the future of mobility is already taking shape. Here’s a look at some of the most promising trends in mobility R&D shaping what’s next for smart parking and transportation.

AI and Machine Learning in Predictive Parking

One of the most exciting areas of innovative parking R&D is using artificial intelligence (AI) and machine learning to predict parking demand and availability. Predictive analytics can assess data from past patterns and customer behaviours to guide drivers to available spaces in real-time, reducing congestion and emissions. These systems are piloted in densely populated urban centers, where space optimization is crucial.

Curbside Management Solutions

Curbside real estate is in high demand, especially with the rise of ridesharing, delivery services, and micromobility options. R&D focuses on dynamic curb management platforms that allocate space based on real-time needs. Through digital permitting and signage, cities can adjust curb use throughout the day to better serve residents, businesses, and transit. 

Vehicle-to-Infrastructure Communication

Intelligent transportation networks increasingly rely on real-time communication between vehicles and infrastructure. Vehicle-to-Infrastructure technology enables traffic signals, parking meters, and road sensors to interact with cars, offering updates on congestion, road hazards, or available parking spots. Ongoing research in this area focuses on improving latency, security, and standardization to facilitate the widespread adoption of this technology.

Mobility Hubs and Multimodal Integration

Mobility hubs – centralized locations where users can switch between various modes of transport – are becoming a cornerstone of urban planning. R&D in this space aims to develop seamless digital platforms that integrate car-sharing, public transit, e-scooters, bike rentals, and parking payments into a cohesive experience, encouraging fewer personal car trips and more efficient travel.

Sustainable Parking Infrastructure

As EV adoption grows, so does the demand for sustainable, energy-efficient parking solutions. R&D is exploring solar-powered lots, smart lighting, and integrating EV charging systems with dynamic load balancing. In parallel, research also focuses on how parking design can support green infrastructure goals, such as rainwater management and reducing heat island effects.

Autonomous Parking Systems

Autonomous vehicles are influencing the future of parking in unexpected ways. R&D is advancing self-parking technologies that allow autonomous vehicles to drop off passengers and park themselves, optimizing space by reducing the need for wide drive aisles or pedestrian access. These systems are already being tested in controlled environments and are expected to be gradually rolled out in private and public settings.

Digital Twins for Transportation Networks

Digital twin technology (creating real-time, virtual replicas of physical systems) is gaining traction in mobility R&D. In transactions, digital twins can simulate traffic flows, parking utilization, and infrastructure performance. This allows planners and operators to test changes before implementation and make data-driven decisions that enhance efficiency and safety.

Privacy and Cybersecurity Research

As mobility systems become more interconnected and data-reliant, protecting user information and system integrity is critical. R&D is expanding to address the challenges of securing connected infrastructure, enforcing data privacy standards, and preventing cyberattacks in smart transportation ecosystems.

The convergence of mobility innovation and urban planning creates opportunities for more innovative, greener, and responsive transportation systems. For municipalities, commercial developers, and parking operators, staying ahead means investing in scalable, technology-driven solutions and aligning with forward-looking research and development efforts.

References

Kelkar, A., Möller, T., & Ziegler, F. (2024, February 14). What technology trends are shaping the mobility sector?. McKinsey & Company.

Top 10 global mobility trends in 2025. StartUs Insights. (2025, January 30).

Top 15 mobility industry trends in 2024: Technews180. Tech News 180. (2025, February 5).

Author: Abhadesh Sharma, Manager Engineering, Precise ParkLink

As urban environments grow denser and mobility habits evolve, the need for smarter, more efficient parking solutions has never been greater. Behind the scenes, research and development are playing a pivotal role in shaping the future of parking, transforming what was once a frustrating and outdated process into a streamlined, intuitive experience for drivers and operators alike.

Robust R&D investment is at the core of many recent advancements in the parking industry. Companies are using insights gathered from user behaviour, sensor technology, and data analytics to guide the development of more intelligent infrastructure. This includes everything from license plate recognition cameras and IoT-enabled parking meters to digital signage that displays real-time availability. Cities and private operators can leverage these technologies to improve traffic flow, reduce congestion, and enhance customer experience.

Digital Transformation and User-Centric Platforms

R&D has also driven the rise of mobile-first parking ecosystems. Whether through intuitive apps, tap-to-pay integrations, or account-based systems, modern parking platforms are now tailored to fit seamlessly into a customer’s daily routine. Features like reservations, remote payment, navigation to the nearest space, and personalized notifications are the direct result of user-focused research and iterative design. The digital transformation benefits the customer and provides operators with valuable data to optimize pricing, enforce regulations, and understand usage patterns. 

Sustainability

Sustainability is another area where R&D is making a difference. Electric vehicle (EV) adoption continues to rise, as does the demand for accessible charging infrastructure. Research into load balancing, energy management, and solar-powered stations enables parking facilities to integrate EV charging without overloading the grid or overextending their budgets. Meanwhile, intelligent lighting systems, green roofing, and -compliant construction methods are being explored and deployed as part of a broader environmental goal.

AI and Automation Redefining Operations

Artificial intelligence and machine learning also emerge from the R&D department and into real-world parking applications. These technologies are being used to automate tasks such as dynamic pricing, violation detection, and predictive maintenance, saving operators time and resources. AI-powered customer support, including chatbots and virtual assistants, improves service accessibility, ensuring help is available 24/7 without human staffing.

Preparing for the Future

As the transportation landscape shifts, with autonomous vehicles, mobility-as-a-service (Maas), and curbside management becoming more prominent, R&D ensures the parking industry is ready to adapt. By continuously experimenting, testing, and refining, forward-thinking organizations are preparing for a future in which parking is not just a necessity but an integrated part of the innovative city ecosystem.

R&D is no longer confined to the lab; it’s shaping how we park, pay, and navigate urban environments daily. From more innovative infrastructure to sustainable solutions and data-driven platforms, research and development are paving the way for a parking experience that’s more efficient, intuitive, and environmentally responsible.

References

The future of the parking & mobility industry: A global outlook. The Canadian Parking Association. (n.d.-a).

Make the parking experience better. OperationsCommander. (2024, June 12).

Author: Joe Rittacca, Vice President, IT and Research & Development, Precise ParkLink

As cities become smarter, parking and mobility solutions are evolving beyond space and profit—they’re becoming platforms for innovation, efficiency, and sustainable growth. Research and Development (R&D) is at the heart of this transformation, where new ideas are tested, refined, and brought to life to meet changing customer expectations, sustainability goals, and technological advancements. 

This article explores how R&D drives innovation in five key areas of parking and mobility: more intelligent systems, customer experiences, electric vehicle (EV) integration, facility design, and cybersecurity.

1. Smarter Systems Through Data and AI

   Modern R&D is accelerating the use of artificial intelligence (AI) and data analytics in parking systems. Through this research, software platforms have become increasingly intelligent, learning peak demand times, predicting occupancy patterns, and dynamically adjusting pricing based on real-time activity. These systems improve operational efficiency, offer more accurate revenue forecasting, and better space management. With the integration of license plate recognition (LPR) and real-time sensor networks, parking facilities can operate more efficiently while reducing the burden on staff and enhancing user access and enforcement.

2. Enhancing the Customer Experience

   User experience continues to be a primary focus of R&D in the parking sector. Research teams are developing mobile-first features like app-based reservations, contactless payment, and wayfinding tools that simplify the parking journey from start to finish. For owners and managers, these advancements provide an opportunity to create a frictionless experience that meets the expectations of today’s tech-savvy customers. Beyond convenience, enhancements such as loyalty rewards, multi-lingual support, and customized notifications help improve satisfaction and increase customer retention.

3. Supporting EV Growth and Sustainable Infrastructure

   As the adoption of EVs grows, R&D plays a crucial role in shaping the infrastructure needed to support this shift. Innovations include faster and more efficient charging systems, integrated energy management tools, and compatibility with renewable power sources. Researchers are working on improving load balancing across multiple charging stations and reducing the costs associated with installation and maintenance. For parking operators, these breakthroughs offer a cleaner path to implementing sustainable infrastructure that meets regulatory demands while serving the evolving needs of drivers.

4. Future-Proofing Through Modular and Scalable Designs

   Thanks to research in modular construction and adaptive layouts, the physical design of parking facilities is also evolving. R&D is leading the way in developing robotic parking systems, collapsible structures, and mixed-use hubs that can serve as mobility centers for car sharing, bike parking, and last-mile transportation. This flexibility allows owners and managers to maximize space utilization, repurpose underused areas, and introduce new services without disrupting structural overhauls. Scalable solutions also make it easier to test new technologies incrementally before committing to large-scale upgrades.

5. Security and Cyber Resilience

   With parking systems becoming more connected and data-driven, cybersecurity has become a critical area of R&D. Ongoing research focuses on strengthening data encryption, detecting fraud in real time, and building redundancies to prevent service disruptions. For facility managers, these advancements help reduce liability risks, ensure compliance with privacy regulations, and build trust with customers and partners. As threats evolve, research-led innovation remains essential for securing and resilient systems.

R&D is not just a behind-the-scenes function; it is the engine powering the future of parking and mobility. For facility owners and managers, staying current on emerging technologies and aligning with research-backed solutions is key to maintaining a competitive edge. Whether it’s adopting more intelligent systems, enhancing customer convenience, expanding EV infrastructure, or securing your digital ecosystem, investing in innovation today ensures your operation is ready for the challenges and opportunities of tomorrow.

References

The future of the parking & mobility industry: A global outlook. The Canadian Parking Association. (n.d.-a).

The future of parking: Innovations Shaping Urban Mobility Solutions. The Future of Parking: Innovations Shaping Urban Mobility Solutions. (n.d.).

Author: Ashley Jordison, General Manager, Precise ParkLink

In today’s fast-paced urban environment, one of the most persistent challenges facing cities, campuses, and commercial facilities is vehicle congestion caused by inefficient parking. A significant contributor to this issue is drivers' time trying to find an available parking space. Parking Guidance Systems is a modern solution designed to streamline the parking process, improve traffic flow, and reduce congestion.

In this article, we explore how Parking Guidance Systems help reduce congestion and improve traffic flow by providing real-time availability data, organized wayfinding, and a better space utilization, making parking more efficient for customer and operators alike.

Understanding Parking Guidance System

Parking Guidance Systems are intelligent technologies that help customers find available parking spaces quickly and efficiently. These systems use real-time data and visual cues to indicate where open spaces are located, guiding customers directly to them. Key components of a Parking Guidance System include:

• Sensors: These detect the presence of a vehicle and are installed in individual spaces or at entry/exit points. They may be ground-based, overhead, or integrated with camera systems.

• Digital Signage and Wayfinding displays:  The sign shows real-time availability counts and directional arrows to guide customers to open parking areas. 

The Positive Impact of Parking Guidance on Traffic Flow & Congestion

The benefit of Parking Guidance Systems extends well beyond individual parking lots, impacting overall urban mobility:

• Reduced search times: With available parking spots immediately visible, customers spend less time searching, resulting in fewer vehicles idling or circling. This reduction in search time directly translates to decreased local traffic congestion.

• Streamlined vehicle movement: Organized wayfinding promotes smoother internal traffic flow within parking facilities. This orderly movement prevents erratic driving behaviour and minimizes bottlenecks, especially at the lot entrances and exits.

• Environmental benefits: Less time spent searching for parking means reduced fuel consumption and lower emissions. Parking Guidance Systems help mitigate the environmental impact of excessive vehicle circulation by cutting down idle times.

• Smart city integration: Parking Guidance Systems can be integrated into broader smart city infrastructures. Real-time data from these systems can inform adaptive traffic signals and urban planning strategies, further optimizing traffic flow and reducing congestion on surrounding streets.

Future Trends in Parking Guidance Technology

Looking ahead, Parking Guidance Systems will continue to evolve by integrating advanced technologies.  Artificial intelligence and machine learning are already being applied to enable predictive analytics, helping facilities anticipate parking demand and adjust real-time guidance strategies. Additionally, as electric vehicles become more common, the next generation of Parking Guidance Systems is being designed to support the dual function of parking and charging. By directing customers to available EV charging spots within the parking facility, these systems will improve EV owners' convenience and support broader sustainability goals.

Parking Guidance Systems represent a critical advancement in urban mobility management. By helping customers find parking faster, these systems improve individual experiences, alleviate broader traffic flow issues, and reduce congestion. The result is a more efficient, environmentally friendly, and user-centric approach to parking that benefits customers, municipalities, and commercial operators alike. For organizations or cities aiming to modernize their infrastructure and promote sustainable transport, implementing a Parking Guidance System is a strategic step toward solving modern traffic challenges.

References

Efficiency and convenience: Discover the benefits of smart parking guidance. Circontrol. (2023, October 25).

Parking Industry. (2022, July 27). How can parking guidance improve traffic flow in my parking facility?. Parking Industry.

Portley, J. (2024, May 24). 5 Ways Smart Parking Systems Improve Urban Transportation. KnowHow.

Author:

Don’t know a BEV from a ZEV? Feeling overwhelmed every time you see an electric vehicle performance metric, like “Le/100km” or “mi/kWh”? We’ve got you covered with this EV glossary of commonly used terms and specifications!

EV Charging

Charging Port

On an EV, a charging port is a socket that connects the vehicle to the charging station via a connector (plug) and cable. On a charging station, a charging port is the hardware that charges an individual vehicle. Charging stations can have multiple ports (typically up to a maximum of two). “Charging port” and “charging station” are often used interchangeably.

Charging Station | Charger | Electric Vehicle Supply Equipment (EVSE)

A machine that delivers power from the local electrical grid to an EV. “Charging station” is sometimes used to refer to a charging location instead of the hardware—the EV equivalent of “gas station.” As well, “charging station” and “charging port” are often used interchangeably.

Level 1 Charging

Charging an EV with a charging station that uses a standard 120-volt household outlet. Level 1 charging stations are the slowest, taking as long as a day or two to fully replenish a battery, depending on a variety of factors.

Level 2 Charging

Charging an EV with a charging station that uses 208/240-volt power, which can replenish a battery in roughly 4-10 hours, depending on a variety of factors.

Level 3 Charging | DC Fast Charging

Charging an EV using a DC fast charger, which converts an alternating current (AC) from the electrical grid to a direct current (DC) before delivering it directly to an EV battery. This accelerates charging speed to an hour or less, depending on a variety of factors.

Load Management

Technology that monitors and manages demands on the electrical grid, adjusting the power available to charging stations and redistributing power among charging stations as needed.

Onboard Charger

A device located in an EV that receives an alternating current (AC) from a charging station and converts it to a direct current (DC) to charge the vehicles battery. 

Output Rate

The rate at which a charging station can deliver power, measured in kilowatts (kW). It is calculated by multiplying the charging station’s amperes (amps) by its volts then dividing the result by 1000.

Private Charging

Charging opportunities made available to specific drivers, but not the general public, at the discretion of the charging station operator. Examples include charging for employees, residents, customers, and fleets.

Public Charging

Charging opportunities made available to the general public. Some public charging is free, but it is more commonly charged on a pay-per-use or subscription basis.

Regenerative Braking

A technique that uses a vehicle’s braking system to capture kinetic energy and convert it into electricity that is stored in the battery. 

Smart Charging

Using a local or cloud-based charging platform that connects data between EVs, charging stations, charging operators, and the local charging network to monitor and optimize energy consumption.

Electrical

Alternating Current (AC)

A type of electrical current that can periodically change direction. An alternating current is used for electrical grids and many appliances but must be converted to a direct current before it can be used by an EV battery.

Ampere / Amp (A) | Amperage

An ampere, or amp, is a unit of measurement for the rate at which an electrical charge moves through an electrical current per second. “Amperage” is a more general term that refers to the amount of amps delivered within a given period of time, indicating the current’s strength.

Direct Current (DC)

A type of electrical current that flows only in one direction. All EV batteries function on DC power. 

Kilowatt (kW)

A unit of measurement for the rate of power an electrical device uses, equivalent to one thousand watts. A kilowatt is the standard measurement of the power generated by an EV battery.

Kilowatt-hour (kWh)

The unit of measurement for the number of kilowatts an electrical device uses over one hour. The amount of energy an EV battery can store is expressed in kilowatt-hours to indicate the length of time it can supply power during usage.

Volt (V)

A unit of measurement for the force of energy required to move one ampere between two points of a conducting wire. Higher voltage charging stations push more electrical current through a circuit, which helps boost charging speed.

Watt (W) | Wattage

A unit of measurement for electrical power. Wattage is an electrical component’s amount of power measured in watts.

Vehicle Type Acronyms

Electric Vehicle (EV)

A vehicle that’s powered by electrical energy.

Battery Electric Vehicle (BEV)

An electric vehicle that runs exclusively on a battery-powered motor. The terms “EV” and “BEV” are often used interchangeably.

Hybrid Electric Vehicle (HEV)

A vehicle that has both a gas-powered internal combustion engine (ICE) and a battery-powered electric motor.

Internal Combustion Engine (ICE) Vehicles

An engine that produces energy by combusting a fuel, such a gasoline or diesel, within a confined space known as a combustion chamber. ICE-powered vehicles produce exhaust gas that is released through the vehicle’s tailpipe. 

Mild Hybrid Electric Vehicle (MHEV)

A hybrid electric vehicle that uses an electric motor powered by a small battery—charged through regenerative braking—to assist the internal combustion engine (ICE). It cannot run on batter power alone. 

Plug-In Hybrid Electric Vehicle (PHEV)

A hybrid electric vehicle with a battery-powered motor that can be recharged through regenerative braking or by plugging into an charging station to receive power from the electrical grid. Many PHEVs use electricity alone until the battery is depleted, then switch to their hybrid capabilities. 

Zero-Emission Vehicle (ZEV)

Broadly speaking, a vehicle that doesn’t produce exhaust gas or other emissions; however, definitions do vary. For example, Natural Resources Canada classifies PHEVs as ZEVs, despite PHEVs having gas-powered engines, because they have the capacity to run on electricity alone. 

Specifications

Battery Capacity

The amount of electricity that can be stored in a battery, expressed in kilowatt-hours.

Driving Range

The distance an EV can travel on a full battery, measured in miles or kilometres.

Electric Range

The distance a hybrid electric vehicle can travel using electrical power exclusively before its battery is too depleted.

Energy Efficiency: kWh/100km | kWh/100mi

The number of kilowatt-hours an EV consumes over a distance of 100 kilometres or miles.

Energy Efficiency: km/kWh | mi/kWh

The average number of kilometres or miles an EV travels per kilowatt-hour consumed.

Energy Efficiency: Le/100km

Natural Resources Canada’s metric for how much energy an EV uses to travel 100 kilometres compared to a gas-powered vehicle. A vehicle’s kilowatt-hours per 100 kilometres (kWh/100 km) is converted to “gasoline litres equivalent per 100 kilometres” (Le/100 km), based on the understanding that one litre of gasoline contains the energy equivalent of 8.9 kWh.

Energy Efficiency: MPGe

Miles Per Gallon Equivalent is the metric used by the Environmental Protection Agency (EPA) in the U.S. to express the average distance an EV travels using 33.7 kilowatt-hours (kWh) of electricity—the energy equivalent of one gallon of gasoline. 

Vehicle Charging Capacity | Power Acceptance Rate

A measurement of how fast an EV battery can accept power, measured in kilowatts.

Author: Terry Faye, Account Executive, Precise ParkLink

Parking meters have long been vital in shaping how cities manage urban mobility. The simple solution of reducing congestion and encouraging turnover has become a cornerstone of smart city infrastructure. As technology evolves, the parking meter transforms from mechanical coin collectors to advanced smart systems capable of dynamic pricing, real-time monitoring, and seamless payment integration.

In this article, you’ll explore how parking meters have evolved from basic coin-operated machines to sophisticated innovative technology.

The Birth of Parking Meters: The Early Days

The story of parking meters begins in 1935 in Oklahoma City, where the first “Park-O-Meter” was installed. Designed to address the increasing traffic congestion caused by long-term parking, these early devices were mechanical, accepting only coins and requiring manual enforcement. They served their purpose well, generating revenue and encouraging turnover, but offered limited flexibility and required frequent maintenance. 

Transitioning to Digital Parking Meters

By the 1980s and 1990s, digital technology began to reshape the parking landscape. Electronic meters replaced their fully mechanical predecessors, introducing digital displays and the ability to accept multiple coin denominations with greater accuracy. The era also marked the beginning of broader payment options, including credit cards and stored-value systems, which offered greater convenience to users and improved collection accuracy for municipalities.

The Rise of Smart Parking Technology

With the introduction of the Internet of Things (IoT) and cloud connectivity, parking meters underwent another transformation: into intelligent, networked systems. Today’s smart meters can communicate in real time with central management software, enabling remote monitoring, automated alerts for maintenance or violations, and seamless integration with enforcement systems.

Pay-by-phone apps and contactless payments have become standard, allowing users to manage their parking remotely, extend time without returning to their vehicles, and receive expiration reminders from their smartphone.

Key Features of Modern Smart Parking Meters

Modern parking meters are built with user experience and operational efficiency in mind. Notable features include:

• Contactless and multi-payment options: Accepting coins, credit/debit cards, mobile wallets, and apps.

• License Plate Recognition (LRP): Enhancing enforcement and reducing the need for physical permits.

• Dynamic pricing: Allowing municipalities to adjust rates based on demand, time of day, or special events.

• Energy efficiency: Many new meters are solar-powered and designed for low energy consumption.

Benefits of Smart Parking Technology

The shift to smart meters has delivered tangible benefits for both cities and customers:

• Improved convenience: Users can pay how they want, when they want.

• Better enforcement: Real-time monitoring and LPR reduce violations and increase compliance.

• Operational efficiency: Fewer physical collections and maintenance visits are needed.

• Data-driven decisions: Usage data helps cities optimize rates, improve signage, and plan future infrastructure.

The Future of Parking Meters

Looking ahead, the future of parking technology promises even more integration and intelligence. Artificial (AI) and predictive analytics are beginning to shape how cities anticipate parking demand, optimize pricing, and streamline enforcement.

Parking meters are increasingly becoming part of broader smart city ecosystems. They work alongside traffic sensors, transit systems, and digital signage to enhance the urban experience. As cities grow more connected, parking infrastructure will play an even greater role in navigating urban environments.        

The parking meter has evolved greatly since its coin-operated beginnings. Today, it stands as a testament to how urban infrastructure can evolve with technology to meet the needs of modern cities. With continued innovation and integration, parking meters will remain a key tool in building smarter, more efficient, and more user-friendly urban environments.

References

A&E Television Networks. (2025, January 24). World’s first parking meter installed | July 16, 1935. History.com.

Silderhuis, H. (2018, January 29). History of parking. Parking Network.

Author: Lui Venir, Account Executive, Precise ParkLink

Over the past few decades, the parking and mobility landscape has undergone a remarkable transformation. As cities grow denser and vehicle ownership rises, the need for efficient and seamless parking solutions has become more urgent. At the same time, technological advancements have revolutionized how people access, pay for, and experience parking. These innovations enhance user convenience, help operators optimize performance, and reduce operational costs.

Gated parking systems are one of the most significant areas of evolution. Once fully manual and ticket-dependent, these systems have gradually embraced automation and digital technology. Today, the industry is moving toward advanced solutions, setting new standards for efficiency, security, and user experience.

This article explores the evolution of gated parking systems and how each phase reflects broader trends in parking innovation.

The Era of Ticketed Parking Systems

Gated parking began with simple mechanical systems. Drivers entered a facility, took a paper ticket from a dispenser, and paid upon exit at a staffed booth. This model dominated for decades, providing a straightforward way to track time and collect fees.

However, ticketed systems came with challenges. Lost or damaged tickets were common, and manual payment processing often led to long peak-hour queues. Additionally, operators faced recurring maintenance issues with mechanical equipment and limited access to real-time usage data. Despite these drawbacks, ticketed parking laid the foundation for structured parking management and revenue generation, especially in high-traffic areas like airports, hospitals, and downtown cores.

The Transition to Digital and Barcode-Based Systems

The next major shift was the adoption of barcode and magnetic stripe tickets. These systems still issue physical tickets, but embedded data allows for faster and more accurate time tracking. Automated pay stations began to replace cash booths, enabling drivers to pay before reaching the exit.

This phase improved the parking experience by reducing reliance on staff, enabling 24/7 operations, and introducing basic reporting capabilities. Operators benefited from better audit trails and reduced labour costs, while customers enjoyed shorter wait times and more payment options. Still, the need for physical tickets persisted, and hardware maintenance remained a concern. The search for more streamlined and touch-free alternatives continued.

The Shift Towards Contactless and Mobile Payment Solutions

As digital technologies advanced, the parking industry embraced mobile apps, RFID cards, and QR codes. These tools offered greater flexibility and convenience for both drivers and facility operators. With mobile payment and remote account management, customers could enter and exit using their mobile device; no ticket is required.

This phase marked a major turning point in parking automation. Cloud-based systems allow real-time communication between equipment and software, improving access control and enabling dynamic pricing strategies. Facilities could now remotely monitor occupancy, enforce rules more effectively, and integrate with broader mobility ecosystems.

The Emergence of License Plate Recognition (LPR) Technology

The most recent and transformative development in gated parking is the rise of License Plate Recognition (LPR). This camera-based technology scans and logs vehicle license plates to grant access and track the vehicle’s session duration, eliminating the need for tickets, passes, or user intervention.

LPR offers numerous benefits:

• Frictionless entry/exit: Drivers can swiftly enter and exit a facility, reducing congestion.

• Operational efficiency: With fewer moving parts, maintenance costs are lower, and the need for on-site staff is reduced.

• Enhanced security: License plate data provides accurate vehicle identification, supporting improved enforcement and incident tracking.

• Data-driven insights: LPR integrates with software platforms to offer real-time occupancy, dwell time, and revenue analytics.

The Future of Gated Parking Systems

As LPR adoption grows, it’s increasingly being paired with advanced analytics, artificial intelligence, and mobile integrations to create fully smart parking ecosystems. Future developments may include:

• Predictive analytics: Anticipating peak periods and adjusting pricing dynamically

• Fully gateless systems: Removing physical barriers entirely while relying on cameras and sensors for monitoring

• Connected mobility: Integrating parking data with navigation apps and urban transportation platforms

• EV and multi-modal integrations: Managing parking alongside EV charging stations, bike shares, and transit hubs

The evolution of gated parking reflects the broader shift toward smarter, more responsive infrastructure. As user expectations rise and cities aim to reduce congestion and emissions, efficient parking technology will continue to play a vital role in the mobility ecosystem.

References

Fuda, J. (2024, June 28). The evolution of parking management - valet king: Premier valet parking services in NJ & Florida. Valet King | Premier Valet Parking Services in NJ & Florida - Professional Valet Solutions for Hospitals, Hotels, Dealerships & Luxury Properties.

Evolution of parking equipment: How technologies are shaping the future of parking?. https://www.mutrade.com/. (n.d.).

2 min read.

The parking and mobility industry is evolving, with intuitive technologies like License Plate Recognition (LPR) leading the way. LPR technology offers full insight into your operation, helping you make strategic decisions for effective management and seamless parking experiences.

In this exclusive interview, Jai Bansal, Systems Engineer at Precise ParkLink dives deeper into how LPR technology can enable dynamic pricing models at your facility.

Q. Can License Plate Recognition (LPR) Technology Enable Dynamic Pricing Models?

A. Dynamic pricing is a pricing strategy that enables parking operators to adjust rates based on demand, events, or increased traffic. When integrated with Precise ParkLink’s business intelligence platform and LPR technology, you can leverage real-time data visualization and reporting to deploy strategic pricing models that optimize your operations.

Understanding real-time activity, including when, where, and how long your customers park, can help you effectively manage your pricing strategy and set rates that maximize revenue.

Connect with on LinkedIn.

 Want to learn more? Watch the full interview below!

Author: Joe Ritacca, Vice President, IT and Research & Development, Precise ParkLink

License Plate Recognition (LPR) technology transforms parking management by streamlining operations, enhancing security, and improving the overall customer experience. As parking facilities adapt to evolving demands, LPR provides innovative solutions that increase efficiency and create new revenue opportunities.

This article explores several ways LPR is reshaping the industry and unlocking endless possibilities for parking facility owners, managers, and operators alike.

1. Faster, Frictionless Entry and Exit for Customers

   LPR eliminates the need for drivers to interact with parking equipment, making the entire process more efficient and user-friendly. Instead of pulling a ticket, tapping a parking permit, or stopping to make a payment at a column, vehicles equipped with registered license plates can enter and exit the facility automatically. By scanning license plates in real-time, the system grants access and seamlessly processes payments, reducing congestion and eliminating delays at entry and exit points.

   Traditional parking systems often lead to long wait times, especially during peak hours when drivers must stop to retrieve a ticket or complete a payment. LPR technology removes these bottlenecks by automating vehicle recognition and allowing for continuous, uninterrupted movement through parking access points. This improves the overall customer experience and increases turnover rates, maximizing the number of vehicles accommodated throughout the day.

2. Automated and Accurate Parking Enforcement

   With real-time monitoring, LPR helps identify unauthorized vehicles, expired permits, and overstayed customers. The technology integrates with citation management systems, enabling automated enforcement and ensuring compliance. This reduces the need for manual inspections, improving accuracy and efficiency in parking enforcement.

3. Data-Driven Insights to Optimize Operations

   LPR collects valuable data on occupancy rates, peak usage hours, and customer parking habits. Operators can analyze this data to optimize parking availability, adjust pricing strategies, and plan for infrastructure improvements. By leveraging data insights, facility managers can make informed decisions that ensure facility performance and maximize revenue.

4. Increased Revenue with Automated Payments and Dynamic Pricing

   Dynamic pricing models, determined by customer data collected from LPR systems, allow operators to adjust rates based on demand, special events, or high-traffic periods. Additionally, LPR minimizes revenue leakage by accurately tracking vehicles and preventing unauthorized access. By automating fee collection and eliminating fraudulent use of parking spaces, LPR contributes to increased profitability.

5. Effortless Permit Management and Contactless Payments

   LPR simplifies subscriptions and permit-based parking for businesses, universities, and residential complexes, to name a few. Customers can register their vehicles online, eliminating the need for physical permits or hang tags. LPR ensures that only authorized vehicles have access, reducing administrative tasks for parking operators and increasing efficiency.

6. Smart Integration with EV Charging Stations

   As electric vehicle (EV) adoption increases, LPR is critical in managing EV charging station access and usage. Parking facilities can use LPR to reserve charging spots for registered EV drivers, ensuring efficient space utilization and preventing non-EV vehicles from occupancy-designated charging areas.

7. Strengthened Security and Unauthorized Vehicle Detection

   LPR can contribute to overall security by identifying stolen or unauthorized vehicles in real time. Parking facilities can integrate LPR with law enforcement databases to enhance security measures in commercial, residential, and municipal lots. Additionally, LPR helps manage access control in gated communities, corporate offices, and private parking lots, ensuring that only permitted vehicles enter restricted areas. 

Future Opportunities with LPR

The future of LPR in parking management is promising, with advancements in artificial intelligence (AI) and smart city integrations on the horizon. AI-powered analytics will further refine data insights, allowing parking operators to predict demand, automate space allocation, and improve overall efficiency. Additionally, LPR will be crucial in supporting autonomous vehicles and sustainable parking initiatives by facilitating seamless communication between vehicles and parking systems.

LPR technology revolutionizes parking management by offering seamless entry, enhanced enforcement, valuable data insights, and increased revenue opportunities. By integrating with other smart parking solutions, LPR creates a more efficient, secure, and customer-friendly parking experience. As the industry evolves, embracing LPR will be key to staying ahead in an increasingly digital and automated landscape.

References

DeMott, D. (2025, January 22). Revolutionizing parking management: Understanding License Plate Recognition (LPR) technology. EliteParkingOfAmerica.

Parking Industry. (2023, December 19). 8 reasons why LPR needs to make its way into your parking program’s budget. Parking Industry.

Author: Tyler Duggan, Senior System Engineer, Precise ParkLink

License Plate Recognition (LPR) technology has revolutionized the parking industry, offering flexible solutions to manage parking facilities effectively. Whether gated parking lots, non-gated operations, or facilities without equipment, LPR provides operators with innovative tools to enhance efficiency, improve security, and deliver a better customer experience. Here, we explore how LPR technology can be implemented across different types of parking facilities and its unique benefits. 

License Plate Recognition in Gated Parking Facilities

LPR is a powerful tool for streamlining access and improving traffic flow in gated parking facilities. Integrating LPR with entry and exit barriers allows vehicles to be recognized and granted access without needing physical tickets or cards. This is particularly beneficial for monthly parkers, whose plates can be linked directly to their license plates. With LPR in place, parking operations become faster and more efficient, while operators can monitor vehicles for enhanced security. Additionally, automated systems eliminate long queues and reduce manual intervention, creating a frictionless user experience.

License Plate Recognition in Non-Gated Parking Facilities

Non-gated parking facilities also benefit greatly from LPR technology. Without physical barriers, LPR cameras can monitor vehicles entering and exiting the lot and enforce parking rules, such as tracking durations and identifying violations. This effective and highly flexible approach makes it ideal for mixed-use or shared parking spaces. Pay-by-plate systems can also be integrated, allowing customers to make payments through kiosks or mobile apps using their license plate numbers. Furthermore, permit management becomes simpler, as LPR can verify authorized vehicles in real time.

License Plate Recognition in Non-Equipment Parking Facilities

LPR can be used to create a fully automated monitoring system for facilities that lack traditional parking equipment. These setups are particularly useful for enforcement-only parking lots or temporary event parking. Mobile LPR units can be deployed to capture license plate data, ensuring compliance and managing space effectively. Virtual payment platforms can be integrated to allow for quick, hassle-free payments, while the absence of physical infrastructure keeps costs low. These scalable systems can adapt to diverse environments, from small private lots to larger urban parking spaces.

LPR technology offers a versatile solution for managing gated, non-gated, and non-equipment parking facilities. Its ability to enhance efficiency, improve security, and provide a seamless parking experience make it an invaluable tool for modern parking operators. By leveraging LPR, parking facilities can adapt to evolving customer needs and operational challenges, ensuring a smarter, more streamlined approach to parking management.

References

8 reasons to use Intelligent License Plate Recognition Systems. Scylla. (n.d.).

9 exciting license plate recognition use cases. PlateSmart Technologies. (2024, November 19).

Top use cases of automatic number plate recognition technology. Staqu Technologies. (2024, August 8).

Author: Jai Bansal, System Engineer, Precise ParkLink

License Plate Recognition (LPR) technology is revolutionizing parking operations, providing a highly efficient, accurate, and automated way to manage vehicles. Whether you manage a commercial parking garage or an on-street parking system, LPR offers unparalleled benefits in streamlining access, enforcing regulations, and improving customer experience. In this article, we’ll explore various ways LPR can be implemented to optimize parking facilities, tailored to meet different operational needs.

1. Streamline Access with LPR at Entry and Exit Points

   One of LPR's most common applications is at parking facility’s entry and exit points. LPR cameras capture license plates as vehicles enter or exit, recoding time-stamped data for every transaction. This setup eliminates the need for physical tickets or access cards, reducing costs and operational inefficiencies. Integrating LPR with physical systems enables automatic fee calculations based on time spent in the facility, offering customers a smooth, touchless experience. Facilities can further enhance convenience by supporting pre-booking parking, allowing users to reserve spots in advance and gain instant access upon arrival. This application is particularly effective for gated facilities like airports, multi-level parking garages, and event venues where controlled access is crucial.

2. Automate Parking Enforcement for On-Street Zones

   LPR is a game-changer for on-street parking management. Mobile LPR systems mounted on enforcement vehicles can scan license plates as they patrol parking zones, automatically identifying violations like expired permits or unpaid parking fees. Fixed LPR cameras can also monitor designated areas, providing real-time updates to enforcement teams. This approach reduces manual enforcement time and ensures compliance with parking regulations, allowing municipalities and other operators to enforce rules more efficiently. Urban areas, university campuses, and residential neighborhoods benefit significantly from this application, as it streamlines enforcement and reduces human error.

3. Simplify Permit and Subscription-Based Parking Management

   LPR simplifies permit and subscription management for parking facilities with frequent users, such as employees, students, or residents. License plates are registered in the system, replacing the need for physical permits or hang tags. Once registered, users can seamlessly enter and exit the facility without additional verification steps. This improves user satisfaction and reduces administrative overhead by automating renewal processes and eliminating manual tracking. Permit-based LPR systems are ideal for corporate lots, university campuses, and residential complexes, where managing access efficiently and securely is a priority.

4. Enhance the Customer Journey with Dynamic Parking Guidance

   LPR systems integrated with parking guidance technology enhance the parking experience by providing real-time availability updates. LPR cameras track vehicle movement and communicate with digital signage or mobile apps to direct drivers to vacant spaces. This reduces the time spent searching for parking, alleviating congestion and lowering vehicle emissions within the facility. Facility managers can optimize space utilization and adjust operations to meet demand by analyzing parking patterns. This orientation is especially beneficial for large-scale utilization and adjusting operations to meet demand. This orientation is especially beneficial for large-scale operations such as shopping malls, stadiums, and airports, where customer satisfaction and operations efficiency are paramount.

5. Boost Security with LPR-Driven Monitoring Systems

   LPR technology is not only about convenience; it also bolsters security. By integrating LPR with surveillance systems, parking facilities can monitor vehicle activity and flag unauthorized or suspicious vehicles in real time. This data is invaluable for supporting investigations and tracking potential threats. Additionally, LPR prevents fraud by identifying counterfeit permits or unauthorized access attempts. This application is particularly valuable when prioritizing security, such as government buildings and gated communities.

6. Manage Event Parking Seamlessly with Temporary LPR Setups

   Temporary parking needs during events present unique challenges that LPR technology can address. For event-specific applications, LPR systems can be configured to manage pre-registered vehicles, allocate spaces for VIPs or staff, and enforce dynamic pricing models based on demand. This setup accelerates entry and exit processes, reducing congestion and enhancing the overall event experience. Concert venues, sports arenas, and convention centres benefit greatly from this flexible and scalable approach.

7. Combine LPR with EV Charging Station Management

   As the adoption of electronic vehicles (EVs) grows, LPR technology plays a vital role in managing EV parking spaces. By integrating LPR with EV charging stations, parking facilities can automate charging spot allocation, ensuring availability for registered vehicles. The system can combine parking fees with charging costs, simplifying the payment process for users. Additionally, facility managers gain access to usage data, enabling better resource planning and maintenance. This application is ideal for urban parking lots, shopping malls, and corporate facilities with dedicated EV zones looking to promote sustainability and attract environmentally conscious customers.

LPR technology offers diverse applications that can be tailored to the unique needs of parking facilities. From streamlining entry and exit to enhancing security and management EV charging, LPR is a versatile solution that boosts efficiency, reduces costs, and improves user experience. Whether you manage a small residential lot or a large-scale operation, adopting LPR can transform your facility into a modern, tech-enabled operation

References

Parking Industry. (2024, February 2). The ultimate guide: Everything you need to know about license plate recognition. Parking Industry.

Pipitone, N. (2025, February 1). Why parking lot managers say license plate reader tech is “revolutionary.” Propmodo.

Parking Industry. (2024b, April 5). 6 reasons why you should consider investing in license plate recognition technology for your parking facility. Parking Industry.

5 min read.

Author:

While payments compliance mandates can seem complex and intimidating at first, they aren't something to be afraid of. Payments mandates reflect the payment landscape, encouraging best practices and providing insight into where the world of payments is headed in the future. But as technology and payments adapt over time, so do the rules and regulations that guide these systems. As parking operators, when it comes to mandate changes that may impact how you process transactions, your payments provider and technology partners are there to support you and answer any questions you may have.

What are Compliance Mandates?

Compliance mandates are rules and regulations imposed by governing bodies that require organizations or businesses to follow specific practices and guidelines. In the payments space, compliance mandates dictate decisions on various activities related to payment acceptance and facilitation, card brand operations, transactions, solutions, and more. One example of a compliance mandate is the Payment Card Industry Data Security Standard (PCI DSS), which encompasses 12 data security requirements that ensure the protection of card account data within the payments industry framework.

As payment systems have become more complex over time, mandates have evolved to keep up with these changes – especially with the introduction of EMVs (payments that use a chip and PIN system rather than a magnetic stripe to process transactions). Key mandates that have impacted payment processing systems over the last 15 years include the shift in fraud liability, encouraging merchants to move away from magnetic stripe to more secure forms of acceptance like chip and PIN and contactless.  

How Do Compliance Mandates Impact Parking Operations?

As a parking operator, compliance with payments mandates isn't just a check box item, it can also help your business keep up with consumer trends. Ensuring your payment solutions are up to date and compliant can help you avoid consequences that may impact your ability to accept payments. These risks can include paying non-compliance fees, higher monthly rates, the potential increase of fraud liability and theft, and the impact of failing to meet PCI requirements.

For example, pre-pandemic we saw contactless transactions approaching half of all transaction, at 49% in March of 2019. Today, contactless transactions now account for more than 70% of all transactions, and this trend continues to rise, citing the importance of adopting compliant terminals to keep up with industry trends. So, ensuring your parking payment solutions offer secure acceptance of contactless transactions is one way of adhering to compliance standards, while giving your customers a consistent and seamless checkout experience based on their preferred way to pay.

Are there any mandates I should be aware of?

One mandate to keep in mind is the Interac key management migration, which requires payment terminals to support Interac’s new standard for making sure data is secure when being transmitted from the payment terminal to the host. As part of this standard, all terminals will need to migrate from single-length keys to double-length keys, helping make the transmission of payment data more secure. 

The migration has been underway for some time. As of November 1, 2022, all newly deployed terminals were required to support the new mandate, meaning as terminals were upgraded, they naturally became compliant. For all remaining terminals, the final date is November 1, 2025, which requires not only new, but also existing terminals to become compliant as well. To help ensure your terminals are compliant, your payment processor or technology partner will reach out and provide the support you need to make sure your payment setup is up to date.  

What Are the Benefits of Using Compliant Payment Processing Solutions?

With more legacy terminals becoming non-compliant over time, upgrading and maintaining your payment solutions are a huge benefit to your payment processing capabilities, as advancements in payment technology have simplified integration and addressed key gaps in current payment processes. These include more attention towards effective device repair and management, progressive fraud management (especially with the rise of ecommerce), fraud prevention through solutions like 3D Secure, and the protection of merchant and customer data. Ensuring you have the latest payment technology will minimize risk, and help you save on time and money.

The key takeaway, your payments provider can do more than just facilitate payments. As a commerce company, Moneris can also be your partner when it comes to understanding payments mandates, as well as helping you keep up with payment trends that shape the way your business operates.

Author: Lui Venir, Account Executive, Precise ParkLink

Operating a parking facility involves much more than managing spaces and payments. It also requires ensuring financial security and compliance with industry regulations. Failing to address these areas can lead to financial losses, legal penalties, or reputational harm. This FAQ article explores parking facility operators' common questions about financial security and compliance, providing practical guidance for protecting operations and staying compliant with relevant laws.

Basics of Financial Security and Compliance

1. What is financial security, and why is it important?

   Financial security for parking facilities refers to the measures taken to protect revenue, customer data, and operations from risks like fraud, cyberattacks, or theft. It’s critical because parking facilities handle significant daily transactions, making them targets for bad actors. Implementing robust financial security safeguards ensures smooth operations and protects your reputation.

2. What does compliance mean in financial terms?

   Compliance in the parking industry refers to adhering to laws and regulations, such as tax reporting, accessibility standards, data privacy, and payment security. It also includes following the local bylaws and ordinances governing parking operations. Staying compliant ensures your business operates legally and ethically, reducing the risk of penalties or customer disputes.

3. Who regulates financial compliance?

   Several regulatory bodies oversee compliance for parking operators in Canada:

   • Ensures accurate tax reporting and payment.

   • Provincial Governments: Enforce accessibility standards and provincial regulations.

   • ): Governs credit card security for digital and contactless payments.

Key Financial Compliance Requirements

• What are the most common requirements for businesses?

  Canadian parking operators must adhere to several requirements:

  • Data privacy: Following to safeguard customer data.

  • Financial reporting standards: Comply with PCI DSS to protect customer payment information.

  • Tax compliance: Accurately track and remit sales taxes, such as GST/HST, to the CRA.

• How do I know which compliance requirements apply to me or my business?

  Compliance requirements depend on a combination of federal, provincial, and municipal laws. Here’s how to identify which rules apply to you:

  • Federal Compliance Requirements

    • Taxation: All parking facilities in Canada must adhere to federal tax regulations set by the CRA such as accurately charging, collecting, and paying GST/HST based on the location of your facility.

    • Data Privacy: If you collect personal information from customers through mobile parking apps or loyalty programs, you must comply with the PIPEDA. This includes securing customer data and being transparent about how it’s used.

  • Provincial Regulations:

    • Accessibility Standards: Each province has its own rules for ensuring parking facilities are accessible to individuals with disabilities.

    • Provincial Sales Tax (PST): In provinces like British Columbia, Manitoba, and Quebec, operators may also need to charge and pay PST in addition to GST.

  • Municipal Requirements

    • Bylaws for Parking Operators: Municipalities may have bylaws dictating how parking facilities operate, including requirements for parking signage, parking rates, and enforcement practices.

    • Special Permits: Municipalities may require permits for operating paid parking facilities, depending on local zoning laws.

• What are the penalties for non-compliance?

  Failure to comply with financial and regulatory requirements can lead to significant consequences. Financial penalties, such as fines for incorrect tax payments or accessibility violations, can quickly add up. Beyond financial losses, non-compliance can damage your reputation and erode customer trust, especially if it involves data breaches or accessibility issues.

  Legal action is another potential consequence, particularly in cases of data privacy violations or failure to meet provincial accessibility standards. To avoid these risks, it’s important to regularly audit your operations, ensure your staff are trained on compliance standards, and stay updated on changing regulations.

Common Challenges and Solutions

1. What are the biggest challenges people face with financial compliance?

   Parking facility operators face challenges with the complexity of regulations, which vary across federal, provincial, and municipal levels. Staying updated on evolving laws, such as tax regulations and accessibility standards, can be difficult, especially for operators managing multiple parking lot locations. Additionally, compliance comes with significant costs, such as upgrading payment systems to meet security standards or retrofitting infrastructure for accessibility.

2. How can businesses overcome compliance challenges?

   To overcome compliance challenges, operators can implement technology solutions like cloud-based parking management systems to automate tax calculations and secure payments. Training staff on regulatory requirements is also essential to avoid errors. Consulting with legal and financial compliance experts can help operators navigate complex regulations and minimize risk.

Financial Compliance Trends and Future Outlook

1. What are the emerging trends in financial security and compliance?

   AI and automation are becoming key tools in compliance. They help operators automate fraud detection and tax reporting tasks, reducing manual errors. Additionally, there’s a growing focus on ESG (Environmental, Social, and Governance) reporting, with parking operators increasingly tracking their environmental impact and adopting responsible business practices to meet investor and stakeholder expectations.

2. How can I prepare for future compliance requirements?

   Operators should stay informed about regulatory changes through industry updates and compliance resources. Investing in flexible technology solutions now, such as cloud-based platforms or data security tools, can help operators stay ahead of future requirements and avoid costly updates later. Proactive preparation ensures smoother compliance in the long term.

Financial security and compliance are essential for parking facility operators in Canada to maintain smooth operations and avoid legal and financial risks. With complex regulations and evolving standards, staying compliant is a legal obligation and a key factor in ensuring long-term success. The right systems and strategies can simplify compliance, reduce costs, and enhance operational efficiency.

References

PIPEDA requirements in brief. Office of the Privacy Commissioner of Canada. (2024, May 1).

Marketing, S. S. (2023, July 19). Financial Services Compliance: How to meet data regulations. Sonrai.

All. PCI Security Standards Council. (2023, September 13).

Author: Justin Powell, Regional President, Precise ParkLink

With the growing reliance on digital payment systems, securing transactions has become a top priority for parking operators. compliance is critical to safeguarding sensitive customer data and maintaining the integrity of operations. Non-compliance can lead to severe financial, legal, and reputational consequences. By adopting PCI DSS best practices, parking operations can enhance their security infrastructure, reduce risks, and build customer trust. In this article, we explore PCI DSS best practices for parking operations. 

PCI DSS Best Practices for Parking Operations

1. Implement Secure Payment Systems

   Secure payment systems form the backbone of PCI DSS compliance. Parking facilities should use PCI-compliant parking kiosks and software to ensure secure transactions. Encrypting cardholder data during transmission protects sensitive information from unauthorized access. Investing in secure systems enhances safety and improves the customer experience by ensuring seamless and secure transactions.

2. Regularly Update and Patch Systems

   Outdated software and systems are among the most common vulnerabilities exploited by attackers. Regular updates and timely patches are essential to addressing known security flaws. Proactively maintaining software and firmware ensures that parking systems stay ahead of emerging threats. This safeguards customer data and prevents disruptions to operations caused by security breaches.

3. Monitor and Test Systems Regularly

   Monitoring and testing are critical to identifying and addressing security risks. Parking operations should conduct regular vulnerability scans and penetration testing to uncover potential weak points. Implementing real-time monitoring and logging systems allows operators to detect anomalies and respond to threats promptly, minimizing damages and ensuring compliance with PCI DSS.

4. Restrict Access to Cardholder Data

   Limiting access to sensitive cardholder data is crucial. Parking facilities should enforce role-based access controls (RBAC) to ensure that only authorized personnel can handle such information. Additionally, staff should receive regular training on PCI DSS requirements and best practices to recognize and avoid phishing attempts or social engineering attacks that could compromise security.

5. Maintain Documentation and Conduct Audits

   Comprehensive documentation is vital for demonstrating PCI DSS compliance. Parking operators should maintain detailed records of their compliance efforts, including system updates, training sessions, and incident responses. Annual PCI DSS audits provide an opportunity to assess and improve security measures, ensuring that operations remain compliant and resilient to evolving threats.

Benefits of PCI DSS Compliance for Parking Operations

Adhering to PCI DSS standards has significant benefits for parking operations. First and foremost, it increases customer trust and satisfaction. With the rise of cyberattacks and data breaches, customers expect businesses to prioritize the security of their personal and financial information. Parking facilities that can demonstrate robust data protection measures are more likely to earn customer loyalty and preference.

PCI DSS compliance also helps parking operators reduce liability and risk. Non-compliance can lead to severe penalties, including hefty fines, legal action, and reputational damage following a data breach. By following PCI DSS best practices, operators minimize vulnerabilities and protect themselves from financial and operational fallouts from security incidents.

Finally, implementing PCI DSS best practices enhances operational efficiency. Standard security protocols streamline processes, making managing and maintaining secure systems easier. From simplified audits to automated monitoring tools, these practices help parking operators focus on their core business while ensuring customers a secure and seamless payment experience.

PCI DSS compliance is not just a regulatory requirement but a business imperative. Parking operators can protect their customers and operations by implementing secure payment systems, maintaining up-to-date software, monitoring systems regularly, restricting access to sensitive data, and conducting audits. Evaluating and upgrading your security measures today is a productive step toward safeguarding your parking facility and ensuring long-term success.

References

PCI Security Standards Council. (2019, January). Information Supplement: Best Practices for Maintaining PCI DSS Compliance.

Sree, C. (2024, May 24). What are the best practices for PCI-DSS compliance?. SecPod Blog.

Author: Tony Memme, Client Relations Manager, Precise ParkLink

Connect with Tony on LinkedIn

Maintaining financial compliance is essential to running a successful parking facility owner or manager operation. With 2025 bringing updated mandates, it’s crucial to understand how these regulations will affect your business and what steps you can take to adapt. Compliance ensures you avoid penalties while positioning your facility as a trusted, efficient operation. Here’s what you need to know about the new mandates and how to navigate them effectively.

Understanding the Key 2025 Compliance Mandates

The 2025 financial compliance mandates focus on three key areas: digital payment security, updated tax regulations, and sustainability requirements. These changes are designed to align parking operations with modern technological standards, reduce environmental impact, and ensure transparency in financial transactions.

Facility owners and managers must adapt to these regulations by upgrading their systems, adopting secure payment technologies, and ensuring proper reporting procedures. Below is a breakdown of the most significant mandates you need to prepare for.

1. Digital Payment Security

   With more customers opting for cashless transactions, compliance with standards like PCI DSS (Payment Card Industry Data Security Standard) is now mandatory. These standards ensure secure payment processing and protect customer data from breaches. Upgrading your payment systems to meet these requirements will safeguard your facility’s reputation and avoid costly penalties.

2. Taxation Updates

   Governments are introducing changes to local and national tax laws that directly affect parking revenue. From revised tax rates to new reporting formats, ensuring your facility’s financial systems align with these updates is critical to avoid audits and fines.

3. Sustainability Compliance

   Sustainability initiatives are becoming a key focus, with regulations offering financial incentives for adopting green practices, such as installing EV charging stations. Conversely, failing to meet eco-friendly requirements may result in penalties. Aligning your operation with these mandates not only ensures compliance but can also attract environmentally conscious customers.

Addressing Compliance Challenges with Practical Solutions

Financial compliance can be challenging, particularly for facilities relying on outdated systems or manual processes. The cost of upgrades, the complexity of evolving regulations, and the need for accurate data tracking can strain resources.

Automation is a powerful tool for addressing these challenges. Software that handles tax calculations, reporting, and payment processing can reduce human error and save time. Another critical step is upgrading your payment systems to include secure and versatile mobile payments and contactless technology options. Finally, providing staff training ensures your team understands and supports compliance efforts.

Why Compliance Benefits Your Parking Operation

Compliance isn’t just about avoiding fines; it’s about creating a competitive advantage. By meeting 2025 mandates, your parking facility can:

•  Enhance customer trust: Secure payment systems reassure customers that their data is protected

• Avoid penalties: Compliance reduces the risk of costly fines or operational disruptions.

• Qualify for incentives: Many sustainability programs offer grants or rebates for eco-friendly upgrades like EV charging stations.

• Streamline operations: Compliance often involves adopting modern tools, which can improve overall efficiency.

As a parking facility owner or manager, preparing for 2025 financial compliance mandates is non-negotiable. You can stay ahead of the curve by investing in secure payment systems, automating compliance processes, and keeping your team informed. Compliance is not just a regulatory requirement; it’s a way to future-proof your business, build trust, and seize new opportunities. Take proactive steps today to ensure your parking operation thrives in the years to come.

References

PCI DSS version 4.0 is here: What you need to know now. RSM Canada. (2023, March 16).

Malone, A. (2024, June 11). Just published: PCI DSS V4.0.1. PCI Perspectives.

Published on Parking Industry Insights

Author: Adamo Donatucci, Business Development and Strategy Officer, Precise ParkLink

The parking and mobility landscape is positioned for significant transformation in 2025, driven by technological advancements and changing consumer demands. As cities and businesses embrace innovation, staying ahead of key trends will be crucial for optimizing operations and enhancing user experiences. However, most importantly, understanding these trends will help organizations adapt and thrive in the evolving parking ecosystem.

Below are four trends that are taking the parking and mobility industry by storm in 2025.  

License Plate Recognition: Revolutionizing Parking Systems

License Plate Recognition (LPR) is a key technology that continues to improve parking systems. By automating parking access and enforcement, LPR systems can identify vehicles, monitor time limits, and process payments without human intervention. Cities are increasingly adopting this technology to improve accuracy, reduce congestion, and enhance customer experiences by eliminating the need for physical permits or tickets.

Dynamic Pricing: Balancing Demand and Availability

Another game-changer in parking is dynamic pricing. This model adjusts parking rates based on demand, ensuring optimal use of available spaces. By leveraging real-time data and occupancy levels, dynamic pricing allows parking fees to fluctuate during peak and off-peak times, helping to balance demand and improve parking availability. This approach has been successfully implemented in several cities, such as San Francisco, Los Angeles, Seattle, and Boston, enhancing revenue and improving user satisfaction.

Mobility as a Service (MaaS): Simplifying Urban Travel

is also poised for significant growth. MaaS integrates various modes of transportation—public transit, car-sharing, bike-sharing, and parking services—into a single, easy-to-use platform. This holistic approach simplifies travel for users, offering seamless transitions between different modes of transport and reducing reliance on private cars. MaaS platforms are designed to reduce traffic congestion and lower carbon footprints, making urban transportation more sustainable. 

Smart Parking with IoT: Reducing Congestions and Emissions

Finally, IoT-enabled smart parking solutions are revolutionizing parking management. Using sensors, data, and analytics, smart parking systems provide real-time information about available spaces and guide drivers directly to open spots. These systems are more efficient and environmentally friendly, as they reduce the amount of time vehicles spend circling the block looking for a parking spot, thereby reducing emissions and traffic congestion.

These trends and technologies will remain dominant in 2025, enhancing the user experience, improving traffic flow, and contributing to more sustainable cities. As urban environments become increasingly crowded, the integration of parking and mobility solutions will play a vital role in shaping the future of transportation.

References

Smart Parking to Reduce City Congestion. FutureIoT. (2024, March 5).

Parking Industry. (2023b, December 21). Everything you need to know about dynamic pricing for parking. Parking Industry.

Published on Parking Industry Insights

Author: Emmanuel Lereno, Chief Digital Transformation Officer, Precise ParkLink

As we begin 2025, parking operations are being transformed by innovative technologies that streamline processes, enhance user experiences, and maximize profitability. From IoT-enabled solutions to dynamic pricing models, crafting a forward-looking parking technology and AI strategy is essential for staying competitive in this rapidly evolving industry.

Below are four key technologies to consider.

• IoT and Integrative Solutions: Connecting the Dots

  The Internet of Things (IoT) revolutionizes parking systems by enabling real-time communication between devices, parking infrastructure, and management platforms. IoT-based sensors can monitor space availability, occupancy rates, and environmental conditions, providing a data-rich environment for informed decision-making. Integrative solutions combine these IoT insights with other platforms, such as payment systems, enforcement tools, and mobile applications, creating a seamless ecosystem that enhances efficiency and user satisfaction.

  Benefits of IoT and Integrative :

  • Real-time parking space tracking

  • Improved traffic flow and reduced congestion

  • Enhanced operational visibility

• Mobile Payment Platforms: Convenience at Your Fingertips

  Mobile payment platforms have become a must-have for modern parking facilities. These platforms allow customers to locate parking, pay on-the-go, and even extend their parking sessions from their smartphones. Parking facility managers can boost customer retention and satisfaction by integrating mobile payment systems with loyalty programs or promotions.

  Key features to consider:

  • Multiple payment options, including digital wallets

  • Notifications and reminders for session expiration

  • Integration with parking enforcement for seamless management

• License Plate Recognition (LPR): Efficient and Contactless Parking

  License Plate Recognition (LPR) technology offers a contactless and efficient parking experience by automating access control and payment processes. LPR systems use AI to read vehicle plates, granting access or initiating payment without needing tickets or physical interaction. This technology also improves security by tracking vehicle movements and streamlining enforcement.

  Applications for License Plat Recognition (LPR):

  • Gated entry and exit points

  • Automated fee collection

  • Enhanced security monitoring

• Dynamic Pricing: Optimizing Revenue

  Dynamic pricing uses AI and historical data to adjust parking rates based on demand, time of day, or special events. This flexible pricing model maximizes revenue and helps distribute demand, preventing overcrowding in prime parking areas. By leveraging dynamic pricing tools, parking facility managers can incentivize off-peak usage and better accommodate high-demand periods.

  Examples of dynamic pricing applications:

  • Lower rates for early-bird customers

  • Increased pricing during large-scale events

  • Real-time adjustments for fluctuating demand

• Automation and Measuring Performance: Data-Driven Efficiency

  Automation in parking management is a cornerstone of an effective 2025 strategy. From automated gated to AI-powered analytics, these systems streamline operations and reduce manual intervention. Equally important is the ability to measure performance. Key Performance Indicators (KPIs) like occupancy rates, average duration stay, and revenue per space can provide actionable insights, enabling operators to fine-tune their strategies.

  Tools to incorporate:

  • AI dashboards for real-time analytics

  • Predictive modelling for resource allocation

  • Automation of routine tasks like ticketing and fee collection

 Developing a parking technology and AI strategy in 2025 requires adopting these technologies and ensuring their integration into a cohesive system. It’s important to focus on the user experience, operational efficiency, and data-driven insights to create a parking environment that meets the evolving needs of customers and organizations alike.

With IoT connectivity, AI-driven tools, and customer-centric platforms, the parking industry is poised for unprecedented transformation. By strategically implementing these technologies, you can position your operation at the forefront of innovation in 2025 and beyond.

References

Banyard, P. (2024, October 29). What you need to set your paid parking program up for success in 2025 - precise ParkLink: Parking management services. Precise ParkLink | Parking Management Services. /news/what-you-need-to-set-your-paid-parking-program-up-for-success-in-2025  

O’Donovan, A., & Garret. (2024, August 2). The evolution of workplace parking: Predictions for 2025. Wayleadr.

Parking Industry. (2024, September 6). The new essential 8: Technologies to consider when developing your future parking technology strategy. Parking Industry.