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PayByPhone Acquires Adaptis and Wins Major Paris Deal
|By Business Wire
|May 15, 2014 06:00 AM EDT
PayByPhone, part of PayPoint plc, has announced recent developments,
including the acquisition of Adaptis Solutions and success in winning
the tender in Paris with VINCI Park. This acquisition and win reinforce
PayByPhone’s position as one of the world’s leading providers of
services to parking authorities.
Acquisition of Adaptis
PayPoint plc has acquired Adaptis Services Limited, which provide a wide
range of parking services, including electronic parking permits,
automatic license plate recognition for parking lot enforcement and
violation notices. With its focus on the parking and transport markets,
Adaptis Solutions is one of the UK’s fastest growing cashless payment
processors. Adaptis developed DASH, a leading transactional processing
platform that allows merchants to accept payments from customers using a
range of technologies and has developed a rich suite of parking
technology services around this platform.
The acquisition is a natural fit alongside PayByPhone’s urban mobility
payment solution which includes parking, tolling, taxis, EV charging,
and bike rentals. The deal will strengthen PayByPhone’s leading position
in the industry, expanding its range of innovative parking products into
permits, violations, and improving PayByPhone’s capacity to bid for
bundled contracts. The combination of PayByPhone and Adaptis will enable
parent company PayPoint to offer a uniquely integrated self-serve
solution across the transportation sector. Announcing the acquisition,
Kush Parikh, President of PayPoint North America, said:
“The acquisition of Adaptis is an exciting step in the ongoing
development of PayPoint’s Mobile & Online strategy and strengthens our
leading position in the parking and urban mobility sectors. It brings a
highly capable team with strong client relationships and a reputation
for rapid innovation.”
PayByPhone at 155k Spaces in Paris
The City of Paris has confirmed that the partnership of PayByPhone and
VINCI Park has been awarded the contract to launch cashless parking for
155,000 parking spaces. Initially available in central Paris in summer
2014, PayByPhone will be extended to residential and business parking
areas by fall 2014 and will be introduced to all other areas of the city
by the end of 2015.
In 2009, PayByPhone became the first phone parking payment service in
France, in Issy-les-Moulineaux, and is now available in more than 30
cities across the country, including the outskirts of Paris. This
successful bid for central Paris follows other recent successes in
PayByPhone’s key markets of the US (Seattle, Massachusetts Bay Transport
Authority (MBTA) and Dallas) and the UK (Lambeth, Southwark, Chelmsford
and Exeter). MBTA (Boston), launched at the end of February, is already
delivering record levels of transactions through PayByPhone’s mobile
IPI Conference & Expo
The Adaptis product suite will be featured at PayByPhone & PayPoint’s
Exhibit (Booth #501) at the International Parking Institute (IPI)
Conference and Expo June 1-4 in Dallas, TX. As well, Barrie Arnold,
Chief Commercial Officer at PayByPhone, will be hosting a special
educational session June 1st at 3:30pm on implementing a
pay-by-phone solution, and the benefits major municipalities, like the
City of Dallas, realize from their partnerships with PayByPhone.
is leading mobile payment innovations in the parking industry, operating
in hundreds of cities, universities and municipalities in North America,
Europe and Australia. PayByPhone delivers convenience, efficiency and
security to parking authorities, private operators and consumers on the
go by enabling credit and debit card payment via smartphone apps,
dial-in (IVR) services and online. Major cities where PayByPhone is used
to pay for parking include San Francisco, Miami, Seattle, Fort
Lauderdale, Dallas, Vancouver, London and Paris. PayByPhone has over 7
million customers and has processed over 110 million secure payments in
parking. PayByPhone is part of the PayPoint group.
(LSE:PAY) is a leading international provider of convenient payments and
value added services to major consumer service organisations in the
utility, housing, water, telecoms, media, financial services, transport,
retail, e-commerce, gaming and public sectors. PayPoint delivers
payments and services through a uniquely strong combination of local
shops, internet and mobile distribution channels and handles more than
$22 billion worldwide from 760 million transactions annually for more
than 6,000 clients and merchants. PayPoint is widely recognised for its
leadership in payment systems, smart technology and consumer service.
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