FAQ
Q: What are the financial benefits of deploying EasyPark?
A: There are numerous benefits which can substantially improve the income from public on-street parking:- Eliminate operating expenses related to cash and coins collection
- Reduce operating expenses related to meters maintenance
- Eliminate losses resulting from fraud and meters breakage
- Save capital investment in infrastructure and meters setup
- Increase revenues from payment by short term users
- Improved cash flow as parking fees are pre paid
Q: Why is the EasyPark device better than the competition for the municipalities?
A: The capital investment required to implement the EasyPark solution is substantially lower than other solutions. The ongoing operating expenses with EasyPark are also lower as money is transferred electronically and there is no equipment to maintain. Finally, EasyPark encourages consumers to increase parking usage since the solution is simple to use and cost effective. As a result the city and parking operator increase their revenues and profits from parking payments.
Q: What is the degree of increasing revenues for the municipalities?
A: Surveys conducted and input from stakeholders show that 60% of parking time is for periods less than 30 minutes. By introducing EasyPark the municipality has now access to more revenues than with traditional parking meters. Previously, many drivers did not pay for these short periods of time and risked receiving a parking violation fine. Using EasyPark, drivers pay for even a few minutes away from the vehicle. This results in an overall increase in revenues for the municipality.
Q: What is the return on investment for commercial fleets that have purchased EasyPark Device?
A: Surveys conducted and input from stakeholders show that EasyPark saves at least one-third of the parking expenses, as well as eliminating the potential for parking fraud. Fraud is eliminated since fleet owners receive periodic electronic reports showing exact parking usage and expenses of the drivers. In addition, with EasyPark fleets enjoy the financial benefits of using a centralized payment system.
Q: On average, how frequently do drivers reload value on the device?
A: This figure depends on the average hourly tariff. Statistics generated from EasyPark deployments show that typically users reload their device once every 6 to 8 weeks. The average reloading value is $30 - $40.
Q: Are device theft from the car common?
A: After more than 10 years of field operation it is clear that this is a non-issue. In case the device is lost or stolen the driver reports a lost/stolen EasyPark device to the service center, and the Atlas back office system will mark it as “blocked”. The first time this device is synchronized with the system it is disabled for further use. Given that the device is used for parking only and the stored balance is low there is very little incentive to steal it.
Q: Can someone do an unauthorized read from the EasyPark device?
A: No. EasyPark complies with the highest standards of security, powered by the Hercules product platform, including the banking community standards with 3DES encryption.
Q: When and where can I obtain further information?
A: Information is updated on the website. For more information please fill out this form
