Member News: LEXPARK Engages AMG Payment Solutions for Credit Card Processing
The Lexington & Fayette County Parking Authority (LEXPARK) recently selected AMG Payment Solutions (AMG) as their new credit card processing vendor.
AMG will provide their niche processing services across LEXPARK‘s entire parking ecosystem, complementing a comprehensive team of solution providers including:
- IPS smart meters
- T2 pay stations
- Courthouse, Helix, Transit Center and Victorian Square garages
- Online web payments
- Barnacle payments
- In person office payments
Utilizing AMG’s industry leading processing platform for small ticket parking transactions, LEXPARK will achieve significant operating cost reductions. Gary A. Means, CAPP, Executive Director at the Lexington & Fayette County Parking Authority in Lexington, KY provided his views about establishing a new relationship with AMG. “We are excited to engage with AMG Payment Solutions and their niche payment platform for on- / off-street parking operations. We are always looking for ways to be more economically efficient, especially now as the U.S. re-opens from the Covid-19 pandemic. LEXPARK had 1 full month with AMG prior to the Covid-19 lockdown and the savings look very promising, especially at our IPS meters and the PayByPhone app, where many transactions are $2 and lower.”
The savings retained by partnering with AMG will allow LEXPARK to utilize those funds for higher and better uses in their operation including technology enhancements, customer service, infrastructure, and more. In addition to LEXPARK, AMG provides similar services to over 150 U.S. cities parking operations including Manhattan Beach CA, Hermosa Beach CA, Asbury Park NJ, Princeton NJ, Newark NJ, Bloomington IN, Athens GA and Tempe AZ.
About AMG Payment Solutions:
AMG is a boutique merchant processing firm with a significant focus on the United States parking industry. AMG utilizes the First Data North processing platform for their clients, and currently partners with over 150 cities nationwide to reduce their credit card processing costs at parking meters, parking pay stations (kiosks) and mobile payment apps like ParkMobile, Passport or PayByPhone.
AMG specialize in processing the $1-$5 parking transactions cities incur each and every day. AMG offers preferred interchange rates with both Visa and MasterCard on the small ticket “regulated” debit card transactions, and these rates are only available with AMG.
AMG services municipalities, universities, healthcare facilities, and parking management companies to help process parking revenue and significantly reduce client costs. AMG clients save between 15%-50% compared to their previous merchant service provider.