Solutions like that from Parcxmart can save municipalities money and increase customer convenience

By Ryan Kline, Contributing Editor

Since the conception of the on-street single-space parking meter in Oklahoma City, Oklahoma by Carl C. Magee in 1935, people have been reaching deeper into their pockets to feed the meter. But in a world where non-cash payments have become the norm, many believe the time has come for parking meters to dispense with the coins. There are nearly 500 million in the United States alone, so the challenge is great but so too is the opportunity. If every parking meter in the U.S. collected just $2 per day, the gross revenues for a single day would reach a staggering $1 billion.