Category: Mobile Payments

The Department of Finance for the city is looking to take advantage of the ubiquity of smartphones.

The Department of Finance of New York City is now seeking to develop a mobile payments option to help to boost collections on the tickets that are issued for traffic camera and parking violations.

This could prove to be a large and successful venture, considering that enforcement agents issue 8-10 million tickets per year.

The Department of Finance (DOF) is exploring options for mobile payments for tickets for parking and traffic light violations that would give drivers the ability to use anything from debit and credit cards to Apple Pay, PayPal, or even Bitcoin based transactions. This effort is in response to a request made by the city to obtain information for the development of a system that would accelerate the process of collecting from parking tickets, which brings in approximately $600 million per year.

Using mobile payments was one of the technology channels that appears the most promising to the DOF.

The brief from the department explained that “After an internal review of DOF’s current payment channels and of recent developments in contemporary payment technologies.” It also went on to say that the department feels that emerging tech could offer a way for drivers to quickly and conveniently pay their parking tickets by way of smartphone, tablet, or other forms of mobile devices.

At the moment, the parking tickets that are issued by traffic enforcement agents and NYPD officers can be processed online, through the mail, or in person. The NYC.gov online payment site is not currently mobile optimized, and using it comes with a convenience fee of 2.49 percent.

The proposal from the Department of Finance would develop a mobile payments based system that would provide a single click option. Using that tech, the tickets could be scanned or photographed in a way to be able to process it while also taking “advantage of new technologies and extended public access to government.” It will simply make it easier and faster for the recipients of these tickets to get paying them over with.

ING is preparing to embrace Apple Pay if it is launched in Europe in the near future

Dutch bank ING has begun showing support for Apple Pay. The new mobile payments platform from Apple has yet to launch beyond the United States, but ING is already showing support for payments made from Apple devices. Apple has seen significant promise in the mobile payments space and has responded to the increasing demand for payment services by offering its own. In the few months since Apple Pay’s release, it has become a prominent competitor in the new commerce space.

Apple Pay has yet to become a mainstream success among consumers in the US

Apple Pay launched with the support of thousands of retail organizations and the support of some of the largest financial institutions in the world. Despite this strong support, the platform has yet to become a mainstream success, but it one of the very few mobile payments services that is available for iOS devices. The success of Apple Pay has been growing slowly over the past few months, which may have slowed Apple’s plans to release the service in other countries.

Rumors suggest that Apple Pay may expand into Europe, the Middle East, India, and Africa

There are rumors that suggest that Apple is preparing to launch Apple Pay in the United Kingdom. Other speculation suggests that Apple is preparing to launch its payment service in the Middle East, India, and Africa as well. The company has not yet announced any definitive plans for doing so, but growing demand for mobile payment services could draw Apple to other countries. In preparation for this potential expansion, banks like ING are beginning to show support for the payment service.

Some banks express concerns about Apple Pay’s security

While many banks have begun to show interest in supporting Apple Pay, others in the United Kingdom have expressed concerns over the security of the platform. Mobile commerce has begun to attract the attention of malicious groups that seek to exploit consumer financial information, and relatively few platforms have the security measures in place to protect this information.