Electronic Parking Payments

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Parkmobile enables drivers to use their smartphone or other Web-enabled device to pay for parking. It even works when the meter itself is broken, says CEO Cherie Fuzzell.

Parkmobile serves more than 2.5 million customers 600 locations in 36 states. BMW AG acquired a stake in the company last autumn. Now the carmaker is combining Parkmobile's capabilities with its own ParkNow system, which allows drivers to reserve a parking space before they arrive.