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NEOLOGY ACQUIRES TAPNPAY INC. TO EXPAND ITS MOBILITY DIGITAL PAYMENT SOLUTION NEORIDE
Media Contact: Steve Glagow
+1 512 415-0760
Carlsbad, Calif – June 21, 2023 – Neology, a global innovator that is [re]imagining mobility, today announced the acquisition of tapNpay Inc., the industry’s leading payment solution for underbanked and unbanked users, to expand their digital payment platform neoRIDE. The combined capabilities will make neoRIDE the Transportation industry’s most equitable alternate payment solution, increasing access to transportation services for all. The neoRIDE platform will serve tolling, parking, transportation services, road user charging, low emission zones, and more.
“With the addition of tapNpay’s patented features and talented team, neoRIDE becomes the only provider of a sustainable, equitable alternate payment solution that offers both a prepaid and postpaid solution, allowing consumers the flexibility to choose what is right for them,” says Neil Jadhav, Neology’s Chief Digital Officer and Mobility Platform General Manager. “We are excited about the future of neoRIDE for our teams, our customers, and ultimately the end users.”
neoRIDE’s payment service allows tagged or untagged toll road users to quickly register their vehicle’s license plates using texts from their mobile phones or through an application (app) downloadable from mobile app stores. Once registered, drivers can use the fast lanes on toll roads without having to stop to pay. The tolls are charged to either their pre-paid account, or postpaid with their choice of Credit/Debit card, Apple or Google Pay, PayPal, or ACH. Wherever a toll tag or license plate can be read, neoRIDE will simplify the payment process.
“Combining tapNpay’s capabilities with our user-friendly neoRIDE platform will reduce revenue leakage and create equitable access for our toll agency partners’ customers,” says Bradley H. Feldmann, Neology Chairman and CEO. “Additionally, this will allow anyone with a mobile phone to use toll roads, with or without a toll tag, with or without a bank account, through prepaid and postpaid options.”
Kenneth Plunk, CEO of tapNpay says “Neology is a trusted tolling system integrator and provider of essential technology for the tolling and vehicle enforcement industries. We are excited about the future this creates for tapNpay’s features, the team that develops it, and the consumers that benefit from it.”
According to the International Bridge, Tunnel and Turnpike Association (IBTTA), more than six billion trips are taken on U.S. toll roads each year. Approximately 20 percent of those trips are paid in cash or invoiced. As toll roads convert to all-electronic tolling, it is essential that additional payment tools are in place to facilitate users who cannot or will not invest in a physical tag. For those that have or will want a prepaid tag, expanded payment services like congestion charging and parking is the next logical step.
About Neology
Neology, Inc. is a global technology company headquartered in Carlsbad, California, with manufacturing and technical facilities in the U.S., United Kingdom, and Mexico. Neology is [re]imagining mobility by combining Artificial Intelligence with state-of-the-art tolling, automated vehicle classification, data processing, and digital payment systems, we are helping communities around the world enhance mobility, increase sustainability, and improve safety. Neology’s Integrated Mobility Platform™ is built on a modular open architecture design which enables rapid integration of new & evolving technologies, system reconfiguration, and expansion to support future needs.
To create safer, cleaner, more efficient mobility experiences, visit www.neology.net.
Neology Media Contact:
Catherine Phifer
cphifer@neology.net.
Deedra Fithian Joins tapNpay as VP of Operations
Media Contact: Karen Conway-Gelfand
+1 214-725-9578
AUSTIN, Texas - September 16, 2020 – tapNpay, Inc., the toll industry’s leading innovative alternate payment solution provider, has named Deedra Fithian as VP Operations to head up the organization’s technical development and day-to-day functions.
Fithian, a 20-year operational and technology veteran, most recently served as Senior Director of Software Delivery for Netspend, a provider of reloadable prepaid cards and related financial services in the U.S. During her six years at Netspend, she was responsible for technical efficiency and delivery for the portfolio, and also drove strategic design direction for software development.
Prior to her role at Netspend, Fithian spent nearly 11 years at Developerprogram.com as Chief Operating Officer. In addition to working directly with leading telecommunication companies such as Sony Ericsson, Vodafone, Nokia, Orange, T-Mobile and NAVTEQ to create customized and fully-hosted developer programs, Fithian established enhanced hardware rotation and automated testing plans.
“I’m am pleased to add Deedra to our team, and also delighted to work with her again,” said Kenneth Plunk, Chief Executive Officer of tapNpay, Inc. and former CEO of Developerprogram.com. “Deedra is one of the best operations experts in the industry and will be an asset to our company, thanks to her keen skills at analyzing operational areas of the business for financial, technology and efficiency improvements.”
“I am excited to be joining tapNpay, the most innovative FinTech in the tolling industry,” said Fithian. “I have worked with the team while at KPI Consulting, and am thrilled to be able to create a next generation toll payment solution with them. We gel as a team, work together well and aggressively pursue excellence.”
Deedra holds a bachelor’s degree in computer science from the University of Missouri in Kansas City.
About tapNpay, Inc.
Austin, Texas-based tapNpay, Inc. (www.tapnpay.com), the creator of tapNpay (www.tapnpay.info), is a payment facilitator creating solutions that allow users to pay for products and services through their mobile phone. tapNpay is the first patented direct carrier billing software as a service (SaaS) solution focused on toll road collections. Available globally to toll operators, tapNpay interconnects to the majority of mobile carriers who provide the billing mechanism.