Parcxmart Signs Five Year Contract With City of Fort Lauderdale
HAMPTON FALLS, N.H., May 19, 2008 (PRIME NEWSWIRE) -- Parcxmart Technologies, an electronic payments company, and the City of Fort Lauderdale have signed a five year contract to issue the Fort Lauderdale City Card powered by Parcxmart beginning late this summer. The Parcxmart Card(tm) is a city card that streamlines operating expenses while increasing revenues for municipal parking operations, its local merchants participating in the program, and the commuting public seeking a convenient one card solution for all types of parking meters.
Diana Alarcon, Assistant Parking Services Manager for the City of Fort Lauderdale, stated, "We look forward to launching the Fort Lauderdale City Card so that local commuters will first experience the convenience of a high utility city payment card in Fort Lauderdale. What also appeals to us about the card is that it has the potential to be regional in its reach, and for people who live and work around Fort Lauderdale, that is important. Since it is a universal city card that is designed to make parking, shopping and eating convenient, it may grow into a regional program throughout southern Florida."
John Regan, President and CEO of Parcxmart Technologies Inc., stated, "This award comes after a lengthy search by Fort Lauderdale for the right universal city card solution for parking and retail transactions. Since The Parcxmart payment system is the only payment system that provides a cashless option for both on- and off-street parking payments, we are excited about the opportunity to launch in Fort Lauderdale, and look forward to expanding the program going forward throughout the state of Florida."
The Parcxmart Card(tm) is America's first fully functional parking and local merchant smart card payment system based upon the Federal ACH payment system, capable of settling with thousands of cities and merchants on a daily basis. The card uses smart card technology for security purposes, and offers a convenient one-card alternative to coins and cash for all types of point-of-sale transactions and parking meters. The Parcxmart Card also carries a loyalty program known as Instant Cool Rewards(tm), merchant validation software for those merchants who opt into the program, and the ability to load up to $300 of value onto the chip in each participating merchant using cash, credit, or debit. Cards will be available for purchase online once the program is fully launched this summer.CONTACT: