British Parking Awards 2016 finalist Parkonomy.com has the answer for hundreds of car park operators wondering when and how much to invest in new ticket machines or upgrades when the new five pound note is introduced across the UK from 13 September 2016. By becoming a Parkonomy.com partner and removing or reducing the amount of payment machines from car parks, car park operators can reduce their overheads required for installing, servicing and operating payment machines on a day-to-day basis driving improved margins direct to the bottom line.
As a technology-led consumer-facing car park search and pay website, consumers can use Parkonomy.com for their entire parking transaction, from searching for the most convenient car park in their town or destination, to paying for it, all online via their laptop, desktop, tablet or phone. Many of Parkonomy.com’s parking operators have found that by reducing the number of pay and display machines at their car park sites, they dramatically reduce other costs incurred because of vandalism or theft.
The new five pound note is made of polymer, more akin to Australian notes, than the traditional cotton-based paper notes British consumers have been used to. They will no longer be legal tender after May 2017.
Jim Harrow, Head of Business Development at Parkonomy.com said: “Our partnerships with parking operators are flexible and convenient. Consumers find paying online so straightforward and much easier than requiring physical money in their pockets, purses or wallets. Every time new currency is introduced, it causes an expensive headache for our industry and by working with us, these headaches simply disappear. We have many satisfied customers who are enjoying the ongoing benefits of partnering with a parking solution provider that continues to invest in technology and innovative thinking to ensure we stay ahead of the market place and industry trends.”