Digital Payment Technologies
The largest parking, mobility, and transportation provider in North America.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
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Digital Payment Technologies (DPT) was a Canadian company established in 1997 that specialized in designing, manufacturing, and distributing parking management technologies. The firm's business centered on producing advanced multi-space parking pay stations and enterprise software solutions for the parking industry. Its client base included municipalities, universities, private parking operators, and national parks across North America. The company generated revenue through the sale of its hardware and the licensing of its cloud-based software, which provided financial tracking, control, and reporting on parking revenue.
The company's first product was the Intella-Pay station, introduced in 1997. A key product line was the LUKE pay stations, including the LUKE II, which offered multiple payment methods such as coins, bills, credit cards, smart cards, and pay-by-phone options. These pay stations were designed for high security with separate compartments for maintenance and collections and were PCI compliant to ensure secure credit card transactions. The accompanying software, known as the Enterprise Management System (EMS), was a web-based platform that allowed for remote configuration of rates, monitoring of pay station status, and integration with other technologies like license plate recognition and enforcement systems.
In January 2014, Digital Payment Technologies was acquired by T2 Systems, an Indianapolis-based provider of parking management technology founded in 1994. The acquisition was valued at close to $30 million. Following the acquisition, DPT began operating as T2 Systems Canada Inc., effective January 1, 2015, with its product line, including the LUKE II pay station and Digital Iris management system, becoming part of the T2 unified parking platform. T2 Systems itself was later acquired by Verra Mobility in November 2021.
Keywords: Digital Payment Technologies, DPT, T2 Systems Canada, parking management, multi-space pay stations, parking software, LUKE II pay station, Enterprise Management System, parking revenue control, pay-by-license plate, parking technology, municipal parking solutions, university parking systems, T2 Systems acquisition