The City of Grand Rapids, MI (GR) recently selected AMG Payment Solutions (AMG) as one of their new credit card processing vendors.
AMG will provide their niche processing services across the City’s entire parking ecosystem, applying their credit card processing solution for transactions at all parking meters, parking pay stations, parking ramps and lots, monthly parking permits, and the city’s Motu mobile parking application. Cities like Grand Rapids utilize a merchant services account to work with their parking hardware, software, and mobile payment providers to enable customers to pay via credit / debit card. These accounts come with high “regulated” debit card transaction fees that can reduce the revenues from these small ticket parking transactions. The AMG niche solution can reduce these monthly fees by 20% to 50%.
AMG’s First Data / Fiserv platform utilizes preferred interchange pricing from both Visa and MasterCard. The City will utilize AMG's industry leading processing platform for small ticket parking transactions. The AMG solution will help save the City of GR thousands of dollars each year. The savings retained by partnering with AMG will allow the City to utilize those funds for higher and better uses in their operation.
AMG’s value proposition is unique and unlike anything else in the merchant processing industry and the parking industry. In addition to the City of Grand Rapids, AMG provides similar services to hundreds of U.S. cities parking operations including Lexington, KY, 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 hundreds of 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.