Parking Revenue Financial Services
Precise ParkLink is Canada’s Parking Industry Leader providing complete cash management solutions using advanced technology and back office services for parking revenue control. With a technologically advanced facility and well-trained staff, Precise ParkLink:
- Collects revenue from your parking meters and/ or pay stations
- Manages the parking revenue providing complete cash management solutions
- Replenishes parking meters and/ or pay stations change
- Securely transfers parking revenue into your account
Precise ParkLink processes an annual volume of 800 million dollars of client parking revenue in credit card transactions alone. As a result, Precise ParkLink’s facility and financial processes undergo several annual external audits ensuring our controls and procedures meet the financial industry’s stringent certification requirements. Precise ParkLink has garnered a Level-1 Payment Card Industry (PCI) Certification—the highest level— and prepares a report pursuant to the Canadian Standard on Assurance Engagements (CSAE) 3416 Audit (formerly the CICA 5970 audit).
Rooms and bays’ physical access are secured through an access control scheme using secure electronic badges. Only verified “cash handling” staff have access. Cash Handling refers to end-to-end security, as well as collection and replenishment.
✓ Secure cash handling
✓ Level-1 PCI compliance (highest level)
✓ Revenue control and reporting
✓ Back office support for external clients meeting regulatory compliance standards
Q: Will Precise ParkLink collect and replenish coins and notes inserted in the parking equipment?
Q: Does Precise ParkLink adhere to safe and secure parking revenue control procedures?
A: Yes. Several annual external audits are performed ensuring our controls & procedures meet the financial industry’s stringent and certified requirements. Precise ParkLink regularly submits a report to the Canadian Standard on Assurance Engagements (CSAE) 3416 Audit.
Q: Is Precise ParkLink PCI compliant and certified?
A: Yes, Precise ParkLink has garnered Level-1 PCI certification, which is the highest level available