Abstract: A dual processor electronic parking meter (EPM) accepts a plurality of ISO compliant smart cards and authorizes payment of purchased time. The EPM of the invention is equipped with a card reader module (CRM) which accepts/validates transactions effected on smart cards, and also accepts a interface card for connection to a data terminal for revenue collection, meter configuration and meter firmware maintenance. The EPM includes a multi-lingual, intelligent, mixed-mode graphics and icon based display with greater visibility. When the EPM is idle, various sections of the meter are in a sleep mode for prolonging the life of the batteries. The EPM wakes up whenever a card is in the CRM, a coin is inserted, or a key for selecting the parking time and the type of operation is actuated. The EPM is easy to use by both the parking time purchaser and the money collector.