Product: mPARK
Companies: Peppercoin Inc. and Reino Enforcement Technology

The micropayments market is exploding. In 2003, 350 billion less-than-$5 transactions totaled $1.32 trillion, according to micropayments solution provider Peppercoin Inc. All those transactions add up to a lot of dough, and many traditional, cash-only markets are now beginning to accept credit and debit cards for payment.

One of these markets is metered parking. Peppercoin and Reino Enforcement Technology, which specializes in intelligent parking enforcement, have joined forces to bring parking meter transactions into the world of electronic payments.

The two companies rolled out their first initiative in Las Vegas. Their solution enables drivers to pay for on-street parking using their credit cards and even their cell phones.

In working with Peppercoin and Reino, Las Vegas replaced 15 traditional parking meters that cover 150 parking spots in its downtown business district with new ones. Reino provided the meters and its mPARK "pay by cell phone" service, and Peppercoin will process all payments with its Small Transaction Suite.

Drivers can enroll in Reino's mPARK service at www.mparkusa.com, and registration is free. The service sends a reminder text message to a subscriber's phone approximately 10 minutes before the meter time expires. Drivers can also buy more time by making a phone call.

Peppercoin Inc.
781-890-3800
www.peppercoin.com

Reino Enforcement Technology
800-654-3832
www.reinosolutions.com