LocoMobi Rolling Out QP QuickPay Mobile Parking App Across ParkSmart’s 200+ Locations


July 23, 2014 – Toronto, Canada

LocoMobi, Inc. and ParkSmart, Inc. are pleased to announce the deployment of LocoMobi’s QP QuickPay mobile parking app across ParkSmart’s over 200 locations throughout Canada.  This includes gated and ungated parking facilities. For any gated parking lots, the deployment will include LocoMobi’s patent pending QP Gate Kit.

The QP QuickPay App is a unified mobile payment application that works across all types of parking environments and scenarios. By integrating with a parking operator’s existing equipment, either through software-only  or via QuickPay’s proprietary gate kit, the company’s platform empowers drivers to seamlessly enter and exit gated parking facilities, and to pay for parking virtually anywhere (e.g. gated facilities, non-gated facilities and on-street). The process is fast and safe as drivers do not have to worry about having cash or running their credit cards through the system. QuickPay also gives drivers the ability to skip pay-station and cashier lines and proceed directly to an exit gate. The systems can also be set up to enable QP QuickPay users to exit via monthly-only gates, further speeding up time to exit. The entire parking transaction is handled by phone via the free QP QuickPay smartphone app, available for iPhone and Android, by SMS text, or by a simple phone call. QP QuickPay also offers parking managers a way to track and reward frequent parkers. Every time consumers use QP QuickPay they can earn valuable points toward future discounts and free parking.

For lots that are gated, the QuickPay gate kit can easily be integrated with new or existing parking equipment. The smart, turnkey kit integrates seamlessly with all types of existing parking systems, delivering leading-edge cloud and mobile capabilities at a very low cost. Currently the gate kit is installed in multiple lots across Canada as well as the United States.

“Our Quickpay app is really gaining popularity and will bring our total facilities committed to over 400 in the USA and Canada” says LocoMobi President and CEO, Grant Furlane. “Our goal is to have the app in every facility in North America and work with all solutions to make this happen.”

ParkSmart Inc. currently uses LocoMobi’s License Plate Recognition (LPR) system. This system includes multiple payment kiosks in conjunction with Eyepark LPR Cameras. This cloud-based system tracks all permits, all transients payments and total cars in a lot in real time. This system can be standalone or integrated with other enforcement databases and provides multiple cloud-based applications from one single solution making integration smooth and efficient.

ParkSmart is very excited about being able to offer their customers a new alternative to paying for parking through the QP QuickPay App. The parking and transportation industry is continuously evolving and therefore staying ahead of competition through the retention of new technology is always a top priority.

“We were the first to install the integrated LPR solution in Toronto and this included 6 payment kiosks, LPR cameras, virtual parking permits and a seamless validation system which is coupled with valet automation for our tenants use” says Parksmart’s GM, Craig Peters. “We saw immediate impact with our payment compliancy rates increasing dramatically and our customers have commented that we have provided a new and exciting way of controlling parking.  It is an easy and customer friendly system which allows them to   enjoy their experience while parked with us.”

About LocoMobi, Inc.

LocoMobi, Inc. is reinventing parking and transportation technology in the era of cloud, mobile, low-cost hardware and Internet of Things. LocoMobi was the very first to offer a cloud-based license plate recognition (LPR) system with a complete revenue engine that also provided a management system for virtual permitting systems, violation and citation management. The company also designed and implemented the first LPR-based system incorporating payment stations and barrier gates, which was integrated into a single cloud-based system.  A garage using a LocoMobi LPR system knows every vehicle that enters and exits and links all payments to the vehicle’s license plate.  For parking owners and operators, this is of immense value as they have full knowledge of and receive payment from every single parker. The revenue gains after deploying a LocoMobi system can significantly increase the value of the parking asset.  The company also designs and implements a complete suite of traditional parking systems including the conventional machine readable ticket systems and can combine them with license plate recognition as one single solution for places like airports.

LocoMobi’s Mobile payment application, QP Quickpay™, also complements any parking facility as an alternative to the payment station utilizing the same rate engine and cloud portal.

QP QuickPay can be used standalone, integrated with legacy hardware at low cost, or as part of a fully integrated LocoMobi system to deliver new value for drivers as well as parking owners and operators.

For drivers, the combination of LocoMobi’s QuickPay mobile technology and gate kit with LPR and product set leads to an ideal parking experience: a driver registers one time with the QP QuickPay app and enters his or her license plate and credit card. The driver then drives into a garage, LPR cameras recognize the vehicle and the gate opens automatically.  When the driver is ready to leave, he or she drives to the exit gate, the LPR cameras recognize the car again, bill the credit card saved to the QP QuickPay account, the gates open and the driver exits–all in a matter of seconds.  A similar system works in non-gated scenarios as well. For owners and operators, LPR transactions can now be linked to registered drivers, enabling customer knowledge and communications.

LocoMobi’s product offerings are unique in their level of comprehensiveness, innovation, and price: installations typically have twice the functionality at approximately half the price of competitive systems. LocoMobi’s innovations have recently garnered worldwide attention when the Company was a winner of the award for 2014 TiE50 best new technology in the world, where over 2800 companies from 27 countries were considered. The awards were presented at the Annual TiE50 conference held in the Silicon Valley.

LocoMobi has partnerships with most of the major parking operators in the U.S. and Canada, and is deployed in parking garages and lots, hotels, malls and theme parks and on-street in major cities throughout the U.S. and Canada.

About ParkSmart Inc.

ParkSmart is a leading Canadian Parking Management company committed to providing unique, customized solutions to help optimize available parking resources, ParkSmart helps increase parking revenues and reduce operating costs through the integration of technologically advanced hardware and software products. Maximizing the financial value and controlling the compliant use of both private public parking resources is the primary objective. With our unique full service lease options, Clients are not only able to capitalize on our expertise, but also on unique solutions that deliver results without any upfront capital cots or investments. For more information visit www.smartcity-parksmart.com.