Honk Offers Simpler, More Secure way to Pay with Masterpass

TORONTO, ON--(Marketwired - November 02, 2016) - Honk, North America's fastest and most convenient way to find and pay for parking, has partnered with Mastercard to let Honk users pay more easily with Masterpass.

Masterpass is a global digital payment service that simplifies online and in-app payments on connected devices. It stores all payment information, including credit, debit and prepaid card details from both Mastercard and other payment networks, shipping and loyalty information, and payment preferences in one convenient, secure place. Powerful multi-tiered security provided by the trusted brand of Mastercard gives consumers peace of mind when using Masterpass.

Honk allows drivers to find and reserve parking from their phone before they arrive at their destination, as well as extend time remotely. This eliminates the need to cruise around looking for parking, or to run back to the meter to top up, saving motorists time and money, and reducing congestion, pollution and frustration.

The two companies share a similar vision to make life simpler and more convenient for consumers, while offering an enhanced digital experience on devices.

"At Honk we're always striving to make life easier for our users, and we're committed to harnessing technology to improve the parking experience," says Honk's founder & CEO Michael Back. "Masterpass helps us achieve this by allowing our users to pay for small, everyday purchases like parking, big one-time purchases, and everything in between, using any card all in one wallet."

"We're making payment the easiest part of the commute, which helps getting around our cities safer and more convenient," says Jason Davies, Head of Digital Payments, Mastercard Canada. "Honk is simplifying parking for drivers and with the addition of Masterpass, all drivers need to do is add a card and pay for parking in one click."

Honk is on a mission to transform parking into a positive experience for drivers, and to improve mobility in cities across North America by relieving traffic congestion, offering easier payment methods and quicker access to parking.

Using a single account, motorists can pay for parking anywhere Honk is accepted across North America.

To download the app or learn more visit www.honkmobile.com.

About Honk

Honk is North America's leading provider of on-demand mobile payments for parking. Honk's cloud-based technology streamlines parking by allowing users to search, pay for, and top up parking from their mobile phone, tablet or any Internet connected device. Honk is accepted at over 650 locations and 50,000 parking spaces across Canada and the United States.

The Honk app can be downloaded for free on both iOS and Android at www.honkmobile.com or via the App Store or Google Play.