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Pay by phone parking in the Big Apple.

New York City will test parking meters you can pay for with your cell phone. Users will get an alert when the meter is about to expire and can add cash from a distance either by using an app or sending a text message. Yep: texting a parking meter. Welcome to the modern world. The city is excited about it because they wouldn't have to have people driving around emptying a bunch of coins from all the meters.

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John Moe is the host of Marketplace Tech Report, where he provides an insightful overview of the latest tech news.

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