Business

NAD to transition to cashless parking, ground transportation by end of Q1

Nassau Airport Development Company (NAD) anticipates the full transition of its parking and ground transportation (PGT) operations at Lynden Pindling International Airport (LPIA) to cashless by the end of the first quarter of 2022, utilizing Island Pay’s debit card kiosks for those who may not immediately have access to credit or debit cards, NAD revealed in a recent press statement.

The company expects the rollout of the cashless environment to begin at the end of this month.

According to the statement, the change will apply to domestic and international parking facilities, towed vehicles and payment processing for transportation operators paying to access parking facilities and the commercial lane.

President and Chief Executive Officer of NAD Vernice Walkine said in the statement that the move to a cashless environment is primarily to reduce the security risk to airport personnel and increase processing efficiency.

“Over the next several weeks, NAD will push a public awareness campaign about the impending changes, highlighting an alternative option for persons without access to debit or credit cards,” said Walkine.

“We recognize that a segment of our customer base may not have debit or credit cards available to process transactions for parking and ground transportation services. Our team has put a contingency plan in place to accommodate payment processing for persons who may find themselves in this position. We have engaged the services of an independent third-party vendor to provide a payment option. Starting this month, persons will be able to use their cash to purchase a debit card at Island Pay kiosks, conveniently located in both the domestic and international arrivals terminals.”

The statement noted that the debit cards can also be used outside of the airport facilities, as Island Pay utilizes Mastercard debit cards, which can be loaded with amounts from $5 to $500.

Many systems have been put in place across The Bahamas for a move to a cashless environment, with The Central Bank of The Bahamas (CBOB) announcing recently that it is moving toward the strategic elimination of Bahamian dollar checks by December 2024.

The Central Bank stated that a universal cutoff date to eliminate all check cashing activities is slated for sometime at the end of 2022, at which time only check deposits would be allowed when checks are completely eliminated.

Walkine said NAD remains focused on ensuring the facilities remain accessible to all customers, explaining that the payment options at other areas of the facility, which might include cash, remain the same.

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Chester Robards

Chester Robards rejoined The Nassau Guardian in November 2017 as a senior business reporter. He has covered myriad topics and events for The Nassau Guardian. Education: Florida International University, BS in Journalism

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