Charlotte, NC - April 29, 2015 – Passport, the leading provider of mobile payments for parking and transit, today reports company and product highlights for the first quarter ending March 31, 2015.

Tweet: Passport ends Q1 with impressive results http://ctt.ec/cl5sv+

“It’s been an exciting quarter for Passport. This quarter it is clear that we’ve emerged as the leader in parking mobile payments with 31,000 displaced competitor spaces.”  said Charlie Youakim, Passport co-CEO. “We also find continued excitement for our transit mobile payment solutions. Our transportation platform and our focus on urban mobility is resonating with our clients and the market.”

“Our 60% RFP win rate in the quarter speaks to the success that comes with a client-focused approach.” said Bob Youakim, Passport co-CEO. “We are on pace to save our clients millions of dollars with our wallet programs while we also give them branding and control to support their own regional parking networks. We’re bringing exciting changes to the parking industry.”

 

Q1 2015 Company Highlights

 

Q1 2015 Mobile Payment Highlights

Passport continued to grow its client base through 27 international launches. Notable deployments included:

Passport continues to revolutionize the mobile payments industry through its services in both parking and transit. The company differentiates itself through its client-driven focus and unique offerings, which is apparent through the RFP win rate and recent displacements of its competitors. Cities like White Plains and Salt Lake City have selected Passport as their mobile parking payment provider of choice to improve the parking experience for their residents and visitors.

 

About Passport

Headquartered in Charlotte, North Carolina, Passport is an industry-leading mobile payments company specializing in integrated urban mobility solutions. The company provides the most advanced technology that allows parking and transit agencies to manage operations more effectively and efficiently and better serve their customers. Passport’s mobile payment systems are deployed throughout the US and Canada, with clients such as Chicago and Boston.

Passport is backed by a highly respected group of investors, including Grotech Ventures and Relevance Capital. For more information, please visit www.gopassport.com

 

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