Tag: mobile payments

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Department of Finance payment channels may be outdated and inconvenient for consumers

According 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 These tickets can be processed in person, online, and over the phone, but the state’s outdated payment services make each of these options somewhat inconvenient.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.

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.