Singapores Largest Car Park Launches Electronic Parking System (EPS)

Sunday 4 July 2004 16:14 CET | News

Suntec City, in collaboration with Network for Electronic Transfers (Singapore) (NETS), has just installed the new Electronic Parking System (EPS), making them the largest public car park in Singapore to provide this facility.

The EPS is based on the Land Transport Authoritys (LTA) Electronic Road Pricing (ERP) technology that uses a combination of CashCards and In-Vehicle Units (IUs) to make instant electronic payments. EPS is a paperless and contactless system that will allow motorists to breeze through car park entrances without having to insert their CashCards. Upon exiting, parking charges are automatically computed based on the vehicles time of entry and deducted from the CashCard inserted in the vehicles IU. Motorists simply need to ensure there is sufficient value in their CashCards. For the convenience of its customers, Suntec City has installed 12 top-up terminals at strategic locations in its two-level basement car park. Customers can also top up their CashCards at any of the DBS/POSB, OCBC, UOB and Standard Chartered Bank ATMs or AXS Station located within Suntec City. With approximately 3,200 lots and a total of 26 entrances/ exits, Suntec City is presently the largest car park in Singapore.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce