What are the timescales for Financial Reconciliation?

The timescales around reconciliation are based on the desire for some larger parking operators to arrange frequent payments. It also recognises that for other parking operators this may be an unhelpful and expensive way to handle transactions.

Parking operators will identify a preferred timescale for reconciliation:

  • Daily
  • Weekly
  • Monthly

The default assumption is monthly resolution, and the NPP may pass costs of more frequent transactions (e.g. banking transaction fees) on to the parking provider.

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