Impark and Visa paving the way for mobile payments at Canada's largest parking
TORONTO, Jan. 30, 2012 /CNW/ - Visa Canada and Imperial Parking Canada
Corporation (Impark) today announced they are partnering to bring Visa
payWave contactless payments to 72 of its attended parking facilities
across Canada. As of January 2012, drivers at participating parking
lots will be able to simply "wave and go", when purchasing parking at a
payWave enabled Impark parking lot.
In addition to Visa payWave, Canadian Impark customers managing their
accounts online, now have the option to pay their fees and balances
using Visa Debit. Visa Debit allows customers to safely and
conveniently pay for items directly from their bank account when
transacting online, via telephone or by mail order.
For customers using Impark's "Pay by Phone" functionality, Visa Debit
offers card holders the ability to use their bank account in
conjunction with the service. Pay by Phone eliminates the need for a
customer to pay at a meter or attendant, or even place a ticket on the
dash. At participating lots, consumers simply use their cell phone, or
go online to pay for parking - be it for an hour, a day, a week or a
month. Billing is automatic and consumers can access and receive
reports online or by email. And because Impark uses wireless handheld
devices to monitor its locations, parking is instantly recognized as
valid. For more on Pay by Phone, visit www.impark.com.
"Innovation and customer service are the cornerstone of our business,"
said Gordon Craig, Senior Vice President, Impark. "Visa payWave helps
us meet customer expectations for speed and ease-of-use when parking in
an Impark lot, while Visa Debit offers them a convenient online and
phone order payment solution."
Visa payWave offers a platform for future innovations and delivers speed
and convenience to merchants and Visa cardholders, while offering the
built-in security benefits inherent in chip technology. Visa payWave is
based on EMV chip technology, which uses a standard 128-bit encryption
technology, to securely store and encrypt confidential information.
When a customer uses a Visa payWave terminal, the card or mobile device
and the terminal exchange security information and the transaction is
completed, all in less than one-third of a second. The cardholder does
not need to swipe a card or let it out of their possession, keeping the
transaction fast and secure.
Visa Debit allows one-step online electronic debiting of funds without
requiring customers to sign in to their bank account, and is backed by
Visa's multiple layers of security, which help to reduce the risk of
fraud through Visa's Zero Liability Policy, Verified by Visa®, E-Promise, AVS (Address Verification Service) and CVV2 (the three-digit
"We're thrilled to be bringing speed and convenience to one of North
America's largest and most innovative parking management companies",
said Sue Whitney, Head of New Products, Visa Canada. "With the adoption
of Visa payWave and Visa Debit, Impark is offering its customers faster
and easier solutions, further establishing the company as a leader in
Visa employs a layered approach to its fraud prevention efforts,
including Zero Liability, which protects card holders against fraud if
a stolen Visa card is used to purchase goods in person, online, by mail
or by phone. For more information about Visa's Zero Liability Policy,
Visa is a global payments technology company that connects consumers,
businesses, financial institutions and governments in more than 200
countries and territories to fast, secure and reliable digital
currency. Underpinning digital currency is one of the world's most
advanced processing networks—VisaNet—that is capable of handling more
than 20,000 transaction messages a second, with fraud protection for
consumers and guaranteed payment for merchants. Visa is not a bank and
does not issue cards, extend credit or set rates and fees for
consumers. Visa's innovations, however, enable its financial
institution customers to offer consumers more choices: pay now with
debit, ahead of time with prepaid or later with credit products. For
more information, visit www.corporate.visa.com..
About Imperial Parking Corporation (Impark)
Headquartered in Vancouver, British Columbia, Canada, Impark is one of
the largest parking management companies in North America and currently
leases or manages in excess of 2,000 parking locations, consisting of
more than 400,000 parking spaces, in over 25 markets throughout Canada
and the United States.
SOURCE VISA Canada Corporation
For further information:
Erin Sufrin, Visa Canada, 416-860-3869, firstname.lastname@example.org