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Apple Pay Could Pay for Parking Tickets in NYC

by Killian Bell | December 31, 2014December 31, 2014 5:01 am PST

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The City of New York is looking to take some of the pain out of pesky parking tickets by allowing drivers to pay fines instantly using their smartphones. Apple Pay, which has seen incredible growth since its introduction this fall, is one of the services under consideration, according to a new report.

“Drivers will soon be able to use their smartphones to pay their fines instantly with mobile apps or cryptocurrencies,” MarketWatch reports. “The city’s finance department is looking into alternative payment methods like Apple Pay, PayPal and Bitcoin for the roughly $30 billion in parking ticket revenue it collects annually by issuing up to 10 million tickets.”

Hundreds of thousands of retail establishments across the U.S. now support Apple Pay, which will also be rolled out to additional countries in 2015. During its first six weeks in use, the service grabbed a 1.7% share of the mobile payments market, and that’s only going to increase with the way things are going.

The City of New York hopes that by supporting a service like Apple Pay, it will be easier for drivers to pay their fines on time. The existing online payment system is not mobile-friendly, while credit and debit card payments are subject to a 2.5% charge. The only other methods of payment are via mail, or visiting the courthouse to pay in person.

The idea is an “aesthetically pleasing” app that would allow drivers to photograph or scan their parking ticket then make their payment from their smartphone in just one click. MarketWatch notes, however, that the City has only just begun investigation its options, so it’s likely to be some time before such a service is available.

MarketWatch

Killian Bell

Killian Bell is a 20-something technology journalist based in a tiny town in England. He has an obsession with that little company in Cupertino...

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