End-to-End Accounting Services
Letting you focus on making money, instead of handling it.
3 min read
When considering partnering with a parking provider, it is vital to ensure they abide by secure revenue processing procedures. Luckily, Precise ParkLink does just that with an in-house division of accounting professionals that will help you reduce costs, improve capital, automate internal processes and ensure you are aware of your cash flow at all times. As your managed parking provider, it’s our responsibility to make your facility payment- ready. This is why we specialize in certified banking solutions that protect your bottom line with maximum security and accuracy.
Here’s how we do it.
Canadian Standard on Assurance Engagement (CSAE) Audits
Quarterly external vulnerability scans are required and performed by a PCI approved vendor. To ensure your bottom line is always well maintained, Precise ParkLink undergoes regular Canadian Standard on Assurance Engagements (CSAE) 3416 audits.
Level-1 Payment Card Industry (PCI) Compliance
Precise ParkLink is the only Canadian parking organization to achieve Level 1 (highest level) Payment Card Industry compliance (PCI). As a result, we securely process millions of transactions each day on behalf of our clients. PCI compliance is a global bank standard that is used to process credit card transactions. Ensuring your parking system meets PCI compliance standards is necessary to protect against fraud and any liability associated with fraud.
Compliance with the Payment Card Industry Data Security Standards (PCI DSS) is mandated by credit card companies to safeguard cardholder information against theft and misuse. PCI compliance refers to the technical and operational standards merchants must meet to adequately mitigate data breaches and deter fraudulent use of cardholder information. Compliance levels range from Level 1, being the highest, to Level 4. PCI compliant enterprises are required to submit Self-Assessment Questionnaires (SAQs) produced by the PCI Security Standards Council (PCI SSC) on an annual basis.
Certified Cash Collection and Handling Procedures
Precise ParkLink’s in-house division of accounting professionals will help you reduce costs, improve capital and automate internal processes, so you are aware of your cash flow at all times. Our parking meter solutions offer contactless coin collection with advanced vault technology, ensuring your revenue is secure. We are proud to offer revenue management reporting, monthly financial statements, secure cash handling procedures and revenue direct deposit for our clients, giving you an unmatched level of support, accountability and security
Protecting you, your customers and every transaction under our watch is an integral part of our day. That is why we’ve built strong in-house cash handling and certified banking gateways. Our focus on revenue controls puts allows us to offer your organization an unmatched level of support, accountability and security.
Reference
Parking revenue financial services - Precise Parklink: Parking management services. Precise ParkLink | Parking Management Services. (n.d.). https://www.preciseparklink.com/gw-parking-revenue-financial-services.