The city of New York’s finance department is looking into alternative payment methods like Apple Pay, PayPal and Bitcoin for the US$600 million in parking ticket revenue it collects annually by issuing up to 10 million tickets, reports "MarketWatch" (http://tinyurl.com/mvtlo34).

Drivers currently pay for tickets online, via mail or in person at the courthouse. However, the online system is not mobile friendly and credit and debit card payments are subject to a 2.5% convenience fee. The city told "MarketWatcH" that offering mobile options might help cut down on the fines it racks up each year from base fines and penalties on unpaid violations.

Apple announced Apple Pay in September, describing it as “a new category of service designed to transform mobile payments with an easy, secure and private way to pay.” It works with the iPhone 6 and iPhone 6 Plus through a NFC antenna design, a dedicated chip called the Secure Element, and Touch ID.