Digital Parking Tech

Vancouver, Canada – Lightyear Capital, a New York-based private equity firm with over US$8 billion in assets under management, has completed its acquisition of PayByPhone, a leading provider of digital parking payments and mission-critical parking management software to more than 1,300 clients globally, from Corpay (NYSE: CPAY).

This session highlighted the psychology of parking and technology's role in influencing driver behavior. Key topics included habit formation in parking patterns, the impact of pricing on demand, payment compliance rates, and the effectiveness of enforcement. The panelists shared experiences from their respective municipalities and universities, highlighting challenges and successes with technology implementation, such as sensor data, mobile payments, and digital signage. They also explored future trends in digital curb management and the potential for technology to improve convenience and compliance while addressing concerns about pricing and accessibility.

Plymouth Meeting, PA -Towne Park announced the evolution of its brand to Towne, reflecting the company’s transformation to an arrival through departure experience company that delivers exceptional parking and hospitality-focused solutions. In addition, the company introduced Nexity by Towne (Nexity), its fully integrated parking and mobility technology platform. By bringing together its best-in-class hospitality solutions and next-generation technology platform, Towne will deliver higher revenue performance, reduced operating costs, and exceptional service experiences that optimize asset value for clients across hospitality, healthcare, commercial, mixed-use, multifamily, retail, sports and entertainment, transportation, corporate, and municipal environments.

The transition to a fully Automated Parking Access and Revenue Control System (PARCS) offers many benefits, but it also comes with a set of significant drawbacks that organizations must consider.

New Orleans, LA – Universal Parking, a leading innovator in the parking industry, announces its latest parking management contract for Canal Place, one of New Orleans’ most iconic mixed-use destinations located at the base of Canal Street in downtown.

It’s a busy Saturday lunchtime, and your city parking lot is filling up fast. EV chargers are occupied, rideshare drop-offs are backing up, and drivers are stuck in line at the ticket machine, wondering why they can’t just pay by phone. Your decade-old parking system isn’t broken. It’s doing exactly what it was designed to do. The trouble is that consumer expectations have changed.

Atlanta, GA - Arrive, a leading global mobility platform, announced the intention to acquire Passport, unifying enforcement technology, paid parking and payment infrastructure for autonomous-ready mobility into one platform.

London, UK – JustPark, the UK’s leading parking provider, has acquired BigParking, a leading UK football and event parking operator and software provider specializing in professionally managed event-day operations and community partnerships.

Shaping the Future of Mobility

The Learning Lab session highlighted how HONK and UC Davis transformed campus parking through a daily decision model and digital payments. UC Davis replaced physical permits with a virtual system managing 1,000 to 2,000 daily parking permits and supporting 23,000 daily bike trips. HONK’s single sign-on integration prevents credential sharing and supports complex affiliate and labor contract rates. The team also implemented flexible event pricing and completed a highly coordinated rollout. The system has reduced congestion, maintained affordability, and achieved 70 percent digital wallet adoption.

Atlanta, GA – Universal Parking, a leading innovator in the parking industry, today announces its new parking management contract for The Penman Apartments, a premier residential community located in Atlanta’s vibrant Grant Park neighborhood. This project expands Universal Parking’s partnership with Equity Residential, continuing its commitment to delivering a seamless, best-in-class parking experience.