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January 9, 2019

Visa, SiriusXM collaborate to launch in-vehicle payments

Visa has joined forces with SiriusXM Connected Vehicles Services to unveil a new in-vehicle payment solution.

Under the partnership, manufacturers using SiriusXM’s connected vehicle services will be offered the SiriusXM e-wallet. The e-wallet will be integrated into the dashboard of a vehicle.

SiriusXM Connected Vehicle Services senior vice president John Jasper said: “Visa is the world’s leader in digital payments and our Connected Vehicle Services group has deep roots and a broad reach in the auto industry.

“Our work with Visa is a significant step in establishing the next generation of vehicle-to-everything connectivity, transforming the vehicle into a ‘hub’ that provides for real-time, convenient transactional services to drivers and passengers.”

The new solution will enable Visa account holders to make payments for coffee, gas, parking, movie tickets, among others, in-vehicle.

Payments will be authenticated through biometric technology such as voice as well as touchscreen commands.

In order to support secure transactions, technologies including the Visa Token Service will be used.

Visa vice president of IoT platforms Olabisi Boyle said: “SiriusXM’s solid network with automotive manufacturers and established consumer interfaces, combined with our payment expertise, will help fast-track the endless opportunities for drivers to safely and securely accomplish tasks during their commute.”

 

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