Smart Parking Payment Technology

Traditional parking management is facing many challenges: costly human resources, lost revenue, traffic congestion, poor user experience, etc. Accordingly, the solution of applying smart parking payment technology brings many practical benefits to businesses and users. Our detailed information below will help readers better understand this issue.

Smart Parking Payment Technology

Management and Payment at Parking Spots

IT Nam Viet provides services and solutions for applying management and payment technology to collect vehicle parking fees at shopping centers, supermarkets, hospitals, schools, agency headquarters,…

Meets 2 criteria: 2 NO, 1 YES

  • NO cash
  • DO NOT stop
  • HAVE receipts and electronic invoices connected to cash registers and tax authorities

Automatic payment via the customer’s existing traffic account (In Hanoi City, it has been specified by the payment process of Hanoi People’s Committee (4085/QD-UBND).

Technology Solutions in Smart Parking Lot Management and Payment

Vehicle identification technology

Parking lot management and fee collection solution in a closed method combines the following main technologies:

RFID vehicle identification technology: reads non-stop toll tags mounted on vehicles to identify vehicles (98% of vehicles)

AI technology recognizes license plates.

Regarding this issue, IT Nam Viet invites readers to read the following article: “Automatic Toll Collection Solution Using RFID Technology”

Cashless payment method

Automatic payment via non-stop automatic toll collection card (97% already have the card attached)

Payment via QR code application (Via e-banking applications, e-wallets,…)

Parking Lot Solution – Car Overall Model

Overview

Vehicles entering: RFID card reading system combined with license plate recognition automatically records vehicles entering

Departure vehicle: System checks monthly/trip ticket information

Monthly ticket: automatically opens the barrier to let cars pass.

Round trip ticket: Automatically calculate payment transfer fee (Automatic payment via existing traffic account or QR code)

Issue electronic invoices/receipts

Car access lane process

Applies to both round-trip tickets and monthly tickets

  • In case the vehicle HAS an RFID CARD, at the entrance lane the system READS THE CARD and records the input card information. The system also captures the license plate and automatically recognizes the license plate characters.
  • In case the vehicle DOES NOT have an RFID TAG, at the entrance lane the system will AUTOMATICALLY IDENTIFY LICENSE PLATE

Simultaneously using both reading cards and taking photos to recognize signs helps the processing process be completely automatic, without the need for personnel to operate, and the control time to open the barrier is < 2s.

Car exit process

In case of monthly tickets

  • RFID CARD READING system, combining NUMBER PLATE IDENTIFICATION and identifying RFID tags and license plates in the monthly ticket list.
  • The system automatically opens the Barrier for vehicles to pass without stopping (ETC).

Note: For vehicles using monthly tickets, RFID tags will be required to help the processing process be as quick and accurate as possible.

In case of one-way tickets

In case the vehicle has an RFID TAG, at the exit lane the system will READ THE CARD AND RECOGNIZATE THE LICENSE PLATE. The system calculates transaction fees and deducts fees

ENOUGH BALANCE: System automatically collects money and opens Barrier for vehicles to pass without stopping (ETC)

INSUFFICIENT BALANCE: The system switches to QrCode fee collection.

In case the vehicle does not have an RFID TAG at the exit lane, the system will perform manual toll collection (MTC). Customers have 2 options:

Option 1: Customers pay with dynamic QRCode (preferred).

Option 2: Customers pay in cash (limited, decreasing).

Parking Lot Solution – Overall Model of Roadside Cars

  • Vehicle entering: Toll collector reads card code to identify vehicle and time to enter the lot
  • Departing car: Collect the fee from the staff who reads the card code to identify the vehicle and the time to leave the parking lot. Departing car (Automatic payment via TKGT/VTMONEY link or QRcode)
  • Export electronic invoices

Parking Lot Solution – Enclosed Vehicle Overall Model

Enclosed motorcycle overall model (magnetic card)

Car entering: Car enters lane, press button to get parking card (for single ticket), Swipe card for monthly ticket. The system automatically recognizes license plates and records transactions.

Before the car leaves: Customers pay the parking fee on the Qrcode printed on the parking card. Or pay automatically via Viettelmoney account at the exit.

Car exit: Customers pay their cards through the card machine. The system checks parking information via magnetic card code:

Eligible paid tickets: Record vehicle departure

Unpaid ticket: Displays an unpaid vehicle warning

Export electronic invoices

Closed motorbike overall model (paper ticket)

Processing process at the entrance lane:

Car enters lane, press button to get ticket (for single ticket), Swipe card for monthly ticket

The system automatically recognizes license plates, records transaction information for vehicles entering the parking lot, including information: Vehicle license plate, ticket ID with Qrcode link to payment page, entry time,…

The pre-printed QR code on the ticket will lead to the payment page, customers can pay flexibly before leaving the yard, the time to print the barrier opening ticket is < 3s.

Processing process at the exit lane:

In case the customer has paid: The customer returns the ticket to TPV to collect the card to check the payment status. The system automatically opens the barrier to let the vehicle out.

In case the customer has not yet paid: TPV requires the customer to pay, scan the code to check the payment status. Successful payment, the system automatically opens the barrier for the vehicle to exit.

Time to check payment status < 1.5s. No need to wait for payment at the output. Minimize traffic congestion.

Parking Lot Solution – Overall Model of Motorcycles on the Road

Entering vehicle: License plate recognition system automatically records incoming vehicle. Parking information is printed on the ticket for control with QrCode according to the transaction.

Departing vehicle: The system checks parking information via the QR code printed on the ticket/ Automatic payment via Viettelmoney account.

Eligible paid tickets: Record vehicle departure

Unpaid ticket: Displays an unpaid vehicle warning

Export electronic invoices

Money Transfer Reconciliation Process

Includes 5 steps:

  1. Summary of control minutes
  2. Compare the difference
  3. Handling differences (if any)
  4. Both parties sign the minutes to confirm
  5. Return the collected amount to the service business unit

The system synthesizes all payment transactions through channels: ATM, Visa/Master, e-wallets (Momo, Vnpay, Zalopay,…)

Automatic reconciliation tool, analysis and filtering of discrepant transactions (if any) to perform investigation.

The collected amount is aggregated and transferred to T+1 time

Benefits When Applying Smart Parking Payment Technology

For operating units

  • Convenient in fully controlling information about the current status of vehicle traffic, number of vehicles, and service revenue in real time.
  • Reduce congestion at control gates
  • Applying modern technology in vehicle management and payment activities, improving service quality and serving the people.
  • Reduces the workload for lane operators, thereby reducing staffing, allowing focus on other important tasks, thereby improving operational efficiency.

For users

  • Save time paying and waiting at control gates
  • Payment of traffic service prices automatically, with multiple payment methods to create convenience for people. No need to carry cash, just use your bank card, e-wallet or smartphone.

Talking Numbers

Since August 2024, after the pilot policy of the Hanoi People’s Committee, Hoan Kiem District has coordinated with more than 30 businesses and parking management companies in the area to pilot the collection of parking fees.

Results achieved after 3 months of pilot implementation:

  • Non-cash payment rate at toll points: From 0% – 90%.
  • Rate of issuing receipts and electronic invoices: Reached 100%
  • Have More than 90% of vehicle owners and people gave positive reviews about the implemented solution.

IT Nam Viet – Company Providing Smart Parking Payment Services Using RFID Technology

In the context of increasing urbanization, the problem of effective parking management is becoming more urgent than ever. Understanding that, IT Nam Viet is committed to bringing you smart parking payment solutions, optimizing the process and enhancing the user experience in the best way.

With RFID technology at IT Nam Vietnam, payment operations are just one touch, minimizing waiting time and traffic congestion in parking lots. In addition, the system that automatically records vehicle entry and exit information will help the unit manage revenue and prevent loss. In particular, by applying RFID in parking lot management and payment, businesses will reduce human resources, thereby effectively saving operating costs.

With a team of experienced experts, IT Nam Viet is committed to providing customers with quality RFID solutions, reasonable costs and lifelong companion support. If you need advice on RFID technology, please contact IT Nam Viet via Hotline (+84) 962 888 179!

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