Parkmobile and Citi team up to make parking easy

Solution means that motorists running to catch a train, plane or ferry can pay by phone

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Customers of Parkmobile, which provides cashless parking solutions in cities including Washington DC, Grand Rapids, Santa Cruz, Montclair and for the Massachusetts Bay Transportation Authority (MBTA) and the Metropolitan Transportation Authority (MTA), will soon be able to use a new mobile payment solution provided by Citi.

The solution offers more comprehensive mobile payment capabilities and means that motorists running to catch a train, plane, ferry or appointment can bypass the parking pay station and complete their parking transactions by mobile phone. Citi will provide global payment management services, using its world-class virtual prepaid account capabilities, for Parkmobile USA.

"By leveraging Citi, we can continue to focus on expanding our core business and advance cashless parking payments technology, while Citi streamlines and integrates the management of payment transactions and brings new innovations in digital payments to our service model," said Albert Bogaard, CEO of Parkmobile USA.

To use Parkmobile's service, drivers register for free by setting up an account at www.parkmobile.com, where they can also download a mobile app. Once registered, customers can use the mobile app, the internet, or a toll free 1-800 number to pay for parking. The mobile apps for iPhone, Android and Blackberry are easy to use.

They can then set up a virtual card account, provided by Citi, through which they can initiate and manage their parking payments. Their account can be loaded via a credit card, debit card or bank account transaction.

"Parkmobile is the premier mobile parking company with market-tested solutions and whose forward-thinking approach to mobile payments closely aligns with Citi's," said Gary Schneider, Head of Public Sector Product for North America. "This 'next-generation' parking concept exemplifies how, through strategic partnerships, we can advance these goals and also bring innovative mobile solutions to both our municipal clients and their customers."

Smart parking is part of a broader Citi for Cities strategy that aims to harness capabilities and experiences across Citi globally to help municipalities become more efficient, facilitate commerce and modernization, and empower citizens to access services that enhance livability and prosperity.