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Benefits of Multi-Space Parking for Colleges and Universities.

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Presentation on theme: "Benefits of Multi-Space Parking for Colleges and Universities."— Presentation transcript:

1 Benefits of Multi-Space Parking for Colleges and Universities

2 University Parking  Approx. 1200 campuses in NA with more than 4000 students  Ratio of students to parking spaces varies greatly on campus  Recent survey shows average of 83% of campuses use some form of parking meter technology*  Parking affects students, visitors, faculty, and staff * IPI Market Benchmark Study 2

3 Student Parking Considerations  Convenience and speed  Options other than credit cards  Cash isn’t always convenient  Managing finances responsibly 3

4 University Parking Considerations  Service to campus customers Survey results: 26.1% selected “Provide a wider range of payment options to consumers” as their #1 or #2 priority  Operational efficiency Cash collection costs  Financial tracking and analysis  Increased revenue without raising rates  Management of limited parking real estate  Data security 4

5 Parking Payment Evolution  “[…] parkers are looking for ways to make payment faster and more convenient so they can move on to their destination more quickly”  “[…] parking operators are trying to leverage technology to drive growth in their top-line and extract further efficiencies to improve their bottom line.”  “Each successive generation of parking technology has attempted to improve the parking experience for these two groups.” License Plate Enabled Parking, http://www1.digitalpaytech.com/lep_whitepaper.html 5

6 Multi-Space Parking Features  Provide wide range of payment options including credit cards and campus cards  Ability to manage parking permits more efficiently and securely with Pay-by-License  Allow remote parking rate configuration for special events  Ability to configure different parking rates and restrictions for different lots and parkers, i.e. faculty, special guests, departments, employees, and others  Provide special parking permits for visiting faculty or conference guests

7 Payment Evolution Single-head meters Smart single- head meters Multi-space pay stations Coins Smart cards Credit cards Bills Coupons Campus cards Pay-by- Phone Increasing benefits to students and universities

8 Campus Cards and Parking Pay-by-Phone Server EMS Enforcement System Campus Card Server License Plate Recognition System Accounting System Credit Card Processor Configuration Application Mobile Alerts Payment Options Enforcement Handheld Campus card 8

9 Supported Campus Cards  Blackboard  NuVision Networks  Total Card

10 Benefits – Students  Convenience and speed Single form of cashless payment all over campus No fumbling for correct change  Options other than credit cards Accessible to all students  Cash isn’t always convenient Avoids searching for quarters  Managing finances responsibly Funds must be deposited before they are spent 10

11 Benefits – Universities  Service to campus customers Convenient for students to use Parents love that they can direct where their money goes Departmental and conference uses too  Operational efficiency Campus cards promotes cashless transactions and reduces collection costs  Financial tracking and analysis Complete online reporting of all transactions Can integrate with accounting and ERP systems 11

12 Benefits – Universities (con’t)  Increased revenue without raising rates Cashless payment technologies can increase revenues by as much as 35%  Management of limited parking real estate Apply sophisticated parking policies  Data security All transactions are executed in a PCI Level-1 compliant environment 12

13 Other Campus Card Applications  Students can purchase permits using their stored value on the card (most campuses already have this)  Employee Commuter options, give employees an allotted number of permits per semester  Season tickets holders (football games, etc.) can receive permits for the games on card  Summer conferences/camps can receive funds on their card and use as needed 13


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