Pay for Parking via Mobile Phone

    SANTA CLARA, Calif.--May 30, 2001--XACCT Technologies, the leading provider of business infrastructure software solutions for IP networks, today announced that Parking Partners, the leading developer of innovative, market-driven solutions for the parking industry, has selected XACCT Technologies to enable wireless parking payment solutions in Europe. This innovative mobile commerce (m-commerce) service will allow users to charge their wireless accounts for parking fees using any mobile device. XACCT's N2B(TM) (Network-to-Business) software platform allows Parking Partners to execute large-scale payment collection in real time. This innovative service eliminates the need to physically collect money and gives drivers the convenience of paying for parking via their phone bills.
    Parking Partners park&dial(TM) product will enable motorists to pay for their street parking using their mobile phones or any wireless device. Parking revenues will be billed to the motorist's mobile phone bill or credit card account. This provides convenience for drivers while simultaneously improving revenue capture and time to revenue for parking operators.
    "Parking Partners' market expansion plans are based on securing best-in-breed partnerships to assist with our launch of one of the first mass-market mobile commerce applications. Recent recognition from Gartner that positions XACCT as a market leader in the mobile telecommunications middleware sector, confirms their status as an ideal partner for Parking Partners," said David Andrew, CEO of Parking Partners. "Our portfolio of mobile Internet software products will offer real, immediate income streams for mobile operators."
    In the near future, car owners will be able to derive many advantages from the combination of Parking Partners' mobile technology and XACCT's N2B platform, that is able to capture and transform raw network usage data from General Packet Radio Service (GPRS) and Universal Mobile Telephone Service (UMTS) networks into information to be used for billing, fraud prevention, and other support applications.
    "Parking Partners has developed a potential killer application for mobile Internet users in Europe," commented XACCT's Stig Landstrom, regional director, Northern Europe. "The partnership between Parking Partners and XACCT brings the benefits of m-commerce to consumers. This solution not only provides consumers with a quick, secure, and easy method of payment, but also gives a shorter time-to-revenue model for parking operators. XACCT is pleased to be working with Parking Partners in delivering this pioneering mobile commerce application."