FOR IMMEDIATE RELEASE
Thursday, October 25, 2012
Media Contact: John Lisle, 202.671.2004, email@example.com
Pay By Phone Parking Vendor Offers New Option to Offset Transaction Fee Increase
Customers Who Sign Up For “Wallet” Will Pay Less Than Current Fee
(Washington, DC) Parkmobile, the vendor that provides pay by phone parking service in the District of Columbia, has informed its customers that the transaction fee in DC will increase from $0.32 to $0.45 beginning on October 29. The higher transaction fee is due to increased costs triggered by recent federal legislative reform enacted by the Dodd-Frank Wall Street Reform and Consumer Protection Act’s Durbin Amendment.
To help offset this increase Parkmobile has developed the Parkmobile Wallet which will give customers a more cost-effective option to pay for parking. Wallet transactions will carry a $.30 transaction fee, which is lower than the current fee charged in the District.
Current Customers can update their payment method to the Parkmobile Wallet via the Personal Pages at www.parkmobile.com or from a mobile app (if using iPhone or Android).
For more information please visit parkmobile’s website at www.parkmobile.com and click on the Parkmobile Wallet link.
More than 400,000 customers have used pay by phone parking in the District, with more than 4.5 million transactions, since the District Department of Transportation (DDOT) and Parkmobile launched the service in July 2011.