tapnpay & NEORIDE
Toll & Parking collection made simple
Paying tolls and parking is now easier than ever. neoRIDE allows untagged drivers to pay using their mobile phone.
industry issues
Agency Problems
Addressing the Issues
Addressing the Issues
- Toll operators spend millions on paper invoice collections
- Consumers change addresses without updating the DMV
- Personnel costs to collect at toll booths
- Cash is being eliminated because of COVID-19 and costs
- Interoperability is a major issue
- Rental car fees for toll road usage are high
- 26% of consumers don't have credit but still require access to toll roads without heavy fines
Addressing the Issues
Addressing the Issues
Addressing the Issues
- Eliminates the need for mail-based invoicing, saving millions of $$
- Reduces collection costs as we know where the user is
- We offer consumers options to post pay their tolls
- We solve interoperability problems for untagged users
- Solution to rental car users from virtually anywhere in the world
- Solution for toll road usage by under-banked consumers
The Solution
Addressing the Issues
The Solution
- Allows any toll road user to pay their toll charges with their cell phone
- Patent protected Direct Carrier Billing (DCB) to charge tolls to consumer's cellphone bills
- Alternate payment via credit/debit, Google and Apple Pay
- Utilizes simple text (SMS) to register and pay
- Toll authorities continue to own the consumer
- Patents in the U.S., Canada, Mexico, Brazil, India and EU countries
- Industry disruptive