Parking Technology Timeline: Exploring the Past, Present, and Future of the Industry

January 23, 2024

Parking Technology Timeline: Exploring the Past, Present, and Future of the Industry

January 23, 2024

Over the years, parking technology has evolved significantly, transforming the way we park our cars. From traditional ticket-based models to cutting-edge smart parking solutions, the industry has seen remarkable advancements. In this article, we'll take you on a journey through the history of parking technology, its current state, and the exciting possibilities that lie ahead.

In the past, the parking process was relatively straightforward. Drivers would arrive at a garage, stop at the gate, receive a paper ticket, and park their car. However, this method came with its inconveniences. People had to keep track of their paper tickets while going about their business, and upon returning to their vehicles, they had to locate a payment machine and settle the bill for the duration of their stay.

For decades, these ticket-based models remained the norm, until the digital era brought about significant changes. The rapid advancement of technology rendered these systems outdated, prompting our founders, Mike Miele and Karan Singhal, to establish Vend. They saw an opportunity to revolutionize parking payment systems and introduce intelligent parking solutions.

Unlike many other apps in the market, Vend took a different approach. We developed a web-based application that eliminates the need for users to download additional software or clutter their phone with another app. Our application allows users to effortlessly monitor their current parking bill, the name of the garage they're parked in, and the duration of their stay. Once drivers register their vehicle, phone number, and payment method, they won't have to repeat the process in the future.

Here's how Vend works: When drivers approach the gate, a camera scans their license plate, enabling them to park and initiate their parking session through their phone. When they leave the lot, the camera scans their license plate once again, finalizing the parking session and automatically processing payment using the registered method associated with their phone number and license plate. What if the registered payment method fails? No need to worry. Our smart sign at the exit gate allows drivers to choose an alternative payment method of their choice.

It's worth noting that the Automatic Number Plate Recognition (ANPR) system, which scans license plates, is not a new concept. This technology has been around since 1976 when it was invented by the Great Britain Police Scientific Development Branch. Initially used for speed enforcement and tolls, ANPR now plays a crucial role in enhancing the parking experience.

As the parking industry continues to evolve, we can anticipate exciting developments that align with the latest advancements in the automotive sector, such as electric and self-driving cars. These innovations may include parking automation systems that seamlessly interact with autonomous vehicles to help them find available spots. Additionally, we might witness the emergence of induction-based charging systems for electric cars, which are already being tested on Florida highways.

At Vend Park, we strive to keep pace with these advancements and help locations leverage the latest parking technologies. To learn more about how Vend Park can transform your parking facility and streamline operations, schedule a demo with us today.

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