Parkeon achieves EMV certification

Parkeon is the first automated vending machines manufacturer to have parking equipment currently operating in Europe that accepts EMV payments. The solution has been adapted to the specific requirements of unattended payment machines.

“Being able to bring automated ticketing systems up to the EMV standard is major news for municipalities, parking and public transport operators, alike. By reinforcing the authentication processes of both card and holder, the new standard increases the levels of protection against fraud, both for users and traders,” says Bob Barnes, Parkeon’s Operations Director - N.Europe. “We are very proud to have obtained this certification, an integral part of the Chip and PIN programme (the UK version of the EMV Co scheme).”

About EMVCo

EMVCo, LLC (website: www.emvco.com), was formed in February 1999 by Europay International, MasterCard International and Visa International to manage, maintain and enhance the EMV Integrated Circuit Card Specifications for Payment Systems as technology advances and the implementation of chip card programs become more prevalent. The formation of EMVCo ensures that single terminal and card approval processes are developed at a level that will allow cross payment system interoperability through compliance with the EMV specifications.

About Parkeon

About Parkeon (website: www.parkeon.com)
Parkeon is a global leading player in the fields of on-street and off-street parking and automated mass-transit ticketing equipment and systems.

Its activities encompass the development, manufacture, installation and maintenance of equipment and systems, as well as related services, including systems management and hosting, which have leveraged a network of twelve data processing centres around the world.

Parkeon is leader of the on-street parking segment with a 58% global maket share. With an installed base of over 130,000 machines, the Company’s parking terminals are a familiar sight in over 3,000 cities across 40 countries. Its Pay & Display systems control over 3 million parking spaces around the world. Parkeon also has an installed base of 3,000 ticket vending machines for heavy and light rail, underground and multimodal transport operators.

Based in Europe (Germany, Italy, Spain, Belgium, the United Kingdom and France (where the Company is headquartered) and the United States, Parkeon employs over 830 people worldwide and generated revenues of €130 million in 2004. The Company’s R&D establishment, production line and quality control centre are in Besançon, France. Its manufacturing facility has an annual production capability of 20,000 Pay & Display units and 1,000 ticket vending machines/access control systems.

Parkeon was formed in November 2003 after the global-leading equity firm, Apax Partners, acquired the parking & ticketing division of Schlumberger. Originally established in 1970, the Company has played a significant role in the development of Pay & Display technology, in which it has over 30 years experience.