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Mobile application used to pay for parking fees in New Haven, Conn.

Jul 29, 2013 Dave King

It is only a matter of time before mobile payment systems revolutionize how consumers pay for things, and one Connecticut city has already begun to experience the impact of this technology.

According to NBC Connecticut, New Haven recently introduced the Parkmobile smartphone app, which allows motorists to pay parking meters throughout the city using their mobile phones. Additionally, users are able to receive text alerts 15 minutes before their meter expires, and even have the option of adding more money without returning to their car.

This technology was also added to a parking garage in Boston, which allows drivers to enter and park in Motor Mart Garage without needing to take a ticket or visit a cashier.

"Who would have thought the parking industry would be leading the mobile payments revolution? But at the historic Motor Mart Garage, we know our customers hate to wait in line to pay, so we are thrilled to partner with Parkmobile to bring their cutting edge pay by phone technology," said John DeMatteo, president of Park Square Revival.

Alternative forms of payment, such as ACH cards and mobile applications, are the future, and companies would be wise to get their foot in the door now so they don't fall behind once this technology becomes widespread.