Cardis: MPS adds Cardis low value electronic payments to smart parking meters -- 10:23:54(CDT)7-26-2016

Cedarhurst, N.Y., July 26, 2016 -- Municipal Parking Services (MPS), the world's leading manufacturer of smart parking meters, and Cardis announced today that they have signed an agreement to implement Cardis' technology for the cost effective processing of low value electronic payments (LVPs) into MPS's parking meters, the first of which will be rolled out in Cedarhurst, Long Island, NY. MPS will continue such rollouts across the United States. With the rise of mobile technology and smart parking systems, the worldwide parking industry, which is valued at $100 billion, is expected to attract $200 million in strategic investment during the next 5 years. In line with this is investment in next-generation technology for electronic payments.