Eubank Networks, a company specializing in mobile credit payment systems, signed a supply contract with the Korea Parking Association on November 13 to develop parking management systems and solutions using smartphones. Eubank Networks said that this business agreement will improve the current inadequacies of parking management and capture both transparency and profitability of the parking lot business. "By supplying the latest Android solution package, it will be easy to attract additional association members and increase the stability of existing members," said Yoon Kyung-hwan, head of the company's planning department.

The Android-based mobile parking management system for association members developed by Eubank Networks consists of a smartphone and a mobile printer, which are connected via Bluetooth to download applications from the Android Market for easy payment at preset rates.

"With an effective collection system for parking management association fees, we can quickly collect accurate parking data and improve transparency in revenue management," said Yoon Kyung-hwan, head of the planning department. "The free distribution policy of related devices such as smartphones will allow for much faster diffusion."

The full package is available for a monthly communication fee of 34,000 won (36-month contract), and it is also convenient to manage as you can check the parking settlement immediately on your smartphone. It is easy to work anywhere, anytime, regardless of location or time due to its mobility, and you can choose various payment methods such as simple receipt, cash or card payment by clicking the vehicle number when exiting, making it the best system for small parking lots or street parking lots.

Currently, the system is already in mass production and will be available on the market this month. Eubank Networks plans to continue to upgrade the system, which can solve parking management and payment at one stop, and continue to supply it as a dedicated system for association members. The expected sales volume is about 1,000 units. "We will incorporate various services such as parking lot finder and movie discount coupon service, and develop contents that can be connected with T-Map to identify parking lots and parking lots near your home," said Yoon Kyung-hwan.