Fleet Financial Group is issuing smart cards for use in 200 parking meters near Boston University.

The Boston banking company's first chip cards are part of a test, begun Oct. 6 and scheduled to run at least three months, to measure consumer interest in a service that Fleet executives say may prove more popular than the more basic type of electronic purse.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.