Passport Completes ParkX Acquisition,
Will Continue to Serve Austin Community
Passport completes ParkX mobile pay parking app update in Austin
Austin, TX – ParkX, the City of Austin’s exclusive mobile pay parking app recently received a new application upgrade, due to the acquisition of ParkX LLC by Passport, the global leader in mobile payments for parking and transit. Passport also powers apps in Boston, Toronto, Chicago, San Jose, and Miami. Locally in Texas, Passport has also acquired operations through The City of El Paso and Corpus Christi, which also previously used ParkX LLC.
The update is available in both IOS and Andriod App store. The upgraded ParkX app will make the parking process even easier for users. Users can expect the same functionality as the previous app version, with a refreshed look and a new enhancement through the wallet feature, which allows users to preload parking funds onto the app, making it faster to pay for parking.
“We’re very excited to provide the upgraded version of the ParkX app and support the City of Austin in their technology initiatives,” said Bob Youakim, CEO at Passport. “This has allowed us to build upon the ParkX application to offer additional services and features to Austin users. Passport is passionate about providing the most innovative solutions in the industry. We look forward to building upon the partnership with the City in delivering tools that cater to their community’s needs.”
For more information on using the new application, please visit www.austintexas.gov/parkx or call 512-974-2000.
About the Austin Transportation Department
The Austin Transportation Department is committed to providing the most safe, efficient, cost-effective and sustainable roadway, bikeway, walkway and transit system for our community. Learn more at austintexas.gov/transportation.
Passport is the industry’s leading mobile technology company specializing in enterprise business applications and payments for the public and private sector. Passport’s product lines–parking payments, transit payments, enforcement and permit management–collectively serve to deliver dynamic tools for agencies to better connect with their communities. Its services have been adopted by over 300 agencies on over 3,000 locations globally including Chicago, Toronto, Boston, Portland, Westminster and Miami. Passport’s mission is to reduce operational complexity and deliver intelligent data to improve decision making for its clients.
Passport is backed by a group of investors, including Grotech Ventures, Relevance Capital, and MK Capital. For more information, please visit www.passportinc.com.
Passport Announces Acquisition of ParkX
Wilmington, DE – December 7, 2016 – Passport Inc., the industry’s largest mobile payment provider for parking and transit, today is pleased to announce its acquisition of ParkX, a mobile payment for parking provider based in Scottsdale, Arizona. As part of the acquisition, Passport will assume the firm’s contracts and company assets. The acquisition of ParkX further expands Passport’s footprint supporting more of the top 100 cities across North America with mobile payments than any other provider.
“We couldn’t be more excited to welcome the ParkX team which shares our same dedication and passion to bringing creative solutions to the industry,” said Bob Youakim, CEO at Passport. “The addition of ParkX accelerates our rapid growth bringing mobile payment technology to cities around the world. We will continue to look for acquisition opportunities that complement Passport’s platform.”
Cities are evolving to meet the growing expectations of the modern consumer in which smartphones, connected technologies, and social networks have created an on-demand economy. Passport provides innovative solutions as a visionary leader to help cities meet these demands and to be a technology enabler for their initiatives. Top cities across North America, including Chicago, Toronto, Boston, Miami, and Detroit, have chosen Passport to revolutionize the transportation experience for drivers and passengers.
“To see an idea turn into a company that is now joined with Passport, the industry’s clear leader, is one of the best outcomes you could set out to achieve,” said Ross Shanken, Co-Founder and CEO at ParkX. “Their team’s thought leadership and execution capabilities are unparalleled in the industry. We’re looking forward to this next chapter and bringing the latest in transportation technology to the existing ParkX clients.”
Together, Passport and ParkX will continue to provide the service today’s mobile consumer expects while bringing a wealth of additional services and features to ParkX’s existing clients. Upon completion of the acquisition, fifteen new markets will be supported by Passport’s platform, including Austin, TX.
“The City of Austin is an exciting place where digital technology and ideas are celebrated. Our partnership with ParkX was a move in the right direction to provide mobile services to our drivers and we are excited to continue that path with Passport, a proven technology partner to cities across the country,” said Steve Grassfield, Parking Enterprise Manager at the City of Austin.
Passport’s software platform provides diversified technologies for parking, transit, and enforcement operations and has plans to further its international presence in the coming months.
Passport is North America’s leading mobile technology company specializing in enterprise business applications and payments for the public and private sector. Passport’s product lines–parking payments, transit payments, enforcement and permit management–collectively serve to deliver dynamic tools for agencies to better connect with their communities. Its services have been adopted by over 20 of the top 50 cities in North America and over 2,000 locations including Chicago, Toronto, Boston, Portland, Detroit and Miami. Passport’s mission is to reduce operational complexity and deliver intelligent data to improve decision making for its clients.
Passport is backed by group of investors, including Grotech Ventures, Relevance Capital, and MK Capital. For more information, please visit www.passportinc.com.
ParkX Bringing Mobile Payments to Nazareth, Pennsylvania
SCOTTSDALE, June 20th, 2016 – ParkX Mobile Payment Solutions is pleased to announce a partnership with the Borough of Nazareth, PA to offer its premier mobile payment application as an upgrade to the town’s traditional coin-operated parking meters.
Beginning June 28th, Nazareth motorists can conveniently and securely pay for on-street parking directly from their smartphone. Users can also receive a message reminder before their parking session expires – allowing them to add more time without having to return to the meter.
Those who prefer to pay with coins may still do so. The ParkX application will act as an additional payment option that eliminates the need for coins. Already used in major cities like El Paso, Corpus Christi, and most recently Austin, TX – Nazareth marks the first expansion for ParkX out East.
“We’re excited to offer this technology to as many people around the country as we can,” said ParkX CFO Tom Maguire. “There is no easier way to park.”
ParkX is free to download from the App Store and Google Play Store. Service of the application will begin on June 28th for all on-street parking meters. More information about ParkX can be found by visiting www.getparkx.com.
ParkX – the parking industry’s highest-quality service provider for mobile payments – is announcing it will be bringing its convenient cloud-based mobile payment solution to the City of Austin, TX.
The application will be available to Austin motorists in March and will expand throughout the entire city in April. Users will have the ability to pay for parking and extend time remotely through the ParkX app. Users without smartphones can pay via call or text as well as access a web application with the same functionality as the app.
Additional features include merchant validation codes that will let businesses discount parking expenses for customers who use ParkX. Users just enter the code into the app and the funds are deposited into their ParkX wallet account.
The capital of Texas – Austin is renowned for embracing innovative technology and positioned as one of the major tech centers of the country. The City’s decision to use the ParkX mobile payment platform is a testament to the community’s commitment of supporting the world’s newest, most effective, and most desired technology.
“Austin motorists are long overdue for this overwhelming level of convenience when they park,” said Chief Marketing Officer of ParkX, Austin Weiss. “We know it’s going to be a major hit here and are thrilled to provide our exceptional service.”
ParkX recently launched similar mobile payment solutions throughout Texas cities El Paso and Corpus Christi.
The ParkX application is free to download in both the App Store and Google Play.
ParkX is the parking industry’s highest quality service provider of mobile payments. The company specializes in customized and innovative solutions that cater to the needs of each city and support local businesses. ParkX has recent customized deployments in Corpus Christi and El Paso and will be launching in Austin, TX in March. For more information about the company, please visit their website at www.getparkx.com or contact directly at firstname.lastname@example.org