Parking Payment Platform Using Dynamic Pricing and Mobile Apps
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Solution Overview
Problem
Current parking fee payment systems are cumbersome and costly for municipalities and private providers, requiring labor-intensive manual processes and infrastructure, while also being inconvenient for drivers.
Innovation Solution
A dynamic parking management platform utilizing mobile apps, backend servers, and E-Ticket devices for contactless payment and transaction management, enabling dynamic pricing, secure transactions, and integration with local businesses for marketing opportunities.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Extent of automation
If traditional parking meters and manual collection systems are used, then parking fee collection is achieved, but device complexity and operational costs increase
Solution Approach 1:
The patent extracts the parking fee collection function from physical infrastructure (meters, attendants) and relocates it to a digital platform. The backend server processes all transactions remotely, eliminating the need for complex on-site collection devices while maintaining fee collection capability.
Solution Approach 2:
The patent replaces mechanical parking meters and manual collection processes with an electronic/digital system. The mobile app and backend server handle transactions electronically, substituting physical infrastructure with software-based solutions that reduce device complexity.
2Productivity
If manual parking fee collection is used, then parking fees are collected, but loss of time and labor intensity increase
Solution Approach 1:
The patent implements self-service through the mobile application, allowing drivers to independently manage parking transactions without attendant intervention. Drivers can pay fees, extend time, and access information through the app, eliminating time-consuming manual processes.
Solution Approach 2:
The system performs preliminary actions by pre-loading parking information, rates, and transaction capabilities into the mobile app before the driver needs to use it. This preparation eliminates the need for on-site calculation and processing, reducing transaction time.
3Reliability
If traditional parking management systems are used, then parking control is enforced, but ease of operation for drivers deteriorates
Solution Approach 1:
The mobile app serves as an intermediary between the driver and the parking management system. It provides a user-friendly interface that simplifies complex parking rules and transactions, making the system easier to operate while maintaining reliable control through automated enforcement.
Solution Approach 2:
The patent makes the parking management system universal by providing multiple functions through a single mobile app interface. Drivers can pay fees, extend parking time, access location information, and receive notifications all through one convenient platform, improving ease of operation.
Data Source
AI summary
A transaction payment processing system (150) includes a backend transaction system (152) that performs credit and debit processes for multiple user accounts (75), merchant accounts (68), and service provider accounts (76, 78). The backend transaction system is preferably part of backend servers (12). The transaction payment processing system preferably uses wireless technologies to carry out a method of debiting and crediting multiple ones of each of the user, merchant, and parking service accounts with incremental amounts of money over a set period of time. The method facilitates fast processing of multiple micro-transactions (debits and credits) without storing of funds while reducing the payment of processing costs and fees for individual provider accounts.