New York City may embrace mobile payments

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Department of Finance is considering the possibility of accepting mobile payments

New York City’s Department of Finance is considering the possibility of using mobile payments for parking and traffic tickets that are issued to drivers. The state agency has begun exploring the realm of mobile commerce, reportedly considering designing its own mobile payment system to handle payments for traffic violations made throughout the city. Apple Pay, PayPal, and even Bitcoin are also being considered as possible options for this endeavor.

Mobile commerce is becoming quite common throughout New York City and elsewhere in the United States

Mobile payments have become quite popular among consumers in New York City. Many people have begun using their mobile devices to purchase products online, but it is becoming more common to see people paying for products in physical stores with their smartphones and tablets. As mobile commerce becomes more prominent, it is beginning to have an impact on the way governments handle money coming from consumers.

Department of Finance payment channels may be outdated and inconvenient for consumers

Mobile Payments - New York CityAccording to the results of an internal revenue, the Department of Finance found that its existing payment channels are not aligned with contemporary payment technology. As such, those issuing payments to the agency have had to rely on traditional, less convenient forms of payment. The agency wants to improve its payment systems in order to make them more convenient and efficient for consumers.

Embracing mobile payments may help agency become more efficient and provide consumers with a better way to pay for traffic violations

The New York Police Department issue nearly 10 million parking tickets every year. These tickets can be processed in person, online, and over the phone, but the state’s outdated payment services make each of these options somewhat inconvenient. By embracing mobile payments, New York City could become more efficient in the manner it handles payments for traffic violations. The state already has many examples of successful mobile payment systems that it can pull inspiration from. It could also embrace payment systems that already exist, such as PayPal, Square, and Apple Pay.

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