New Nets Machine
|Cashcard System Process|
Cashcard System Process
For cashcard carpark management system, the drivers simply insert their cashcard into entry kiosk, equipped with a high-speed cashcard smart reader, a message display, voice recording or sound (optional), help button and intercom. The entry time is stored in a database together with the cashcard details that identifies the driver. On exit, the driver inserts the same cashcard into the exit kiosk. The system will retrieve the entry time and other information from the database, compute the parking fee and deduct the correct amount from the driver's cashcard.
At the end of the day, the revenue collection for the carpark will be sent over to NETS (Network for Electronic Transfers), an e-payment operator in Singapore owned by three major banks in Singapore - DBS, OCBC and UOB. NETS performs its verification processes and deposits the money into the designated bank account of the carpark owner.