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November 8, 2021
On the wires
Daimler Mobility and Visa Form Global Technology Partnership to Integrate Digital Commerce Into the Car Seamlessly and Conveniently
“As a result of a new global technology partnership between Daimler Mobility and Visa, Daimler will offer “native” in-car payments. This means that entering passwords or relying on mobile devices for payment authentication may soon be a thing of the past as the vehicle itself becomes a biometrically enabled payments device, thanks to Visa’s Delegated Authentication technology.”
September 8, 2021
On the web
JPMorgan to Buy Majority Stake in Volkswagen’s Payments Business
Reuters
“JPMorgan (JPM.N) has struck a deal to buy a majority stake in German car giant Volkswagen’s (VOWG_p.DE) payments business ahead of a planned rollout of in-car technology that allows drivers to automatically pay for fuel or tolls. The U.S. bank has agreed to buy close to 75% of Volkswagen Payments S.A. for an undisclosed sum, subject to regulatory approvals…JPMorgan said it plans to invest in and rebrand the payments business and expand its mobility-focused payments to other industries.”
August 13, 2021
On the wires
BlackBerry IVY to Provide Secure Vehicle-Based Payments
“BlackBerry Limited (NYSE: BB ; TSX: BB), today announced a new solution to deliver highly-secure vehicle-based payment capability to unlock a connected car payments market that is projected to reach over €530 billion by 2030. This vehicle-based payment solution will create new opportunities for automakers to offer a vast array of payment services and develop previously untapped revenue streams. The solution will create a “digital fingerprint” for the vehicle, allowing it to securely connect to a bank’s payment network, validate, and autonomously pay for a wide range of frequently used services, including fuel, tolls, parking, insurance, maintenance, and other “wallet” capabilities.”
March 17, 2021
On the web
Mercedes Rolls Out Contactless In-vehicle Fuel Payments in Germany • NFCW
NFCW
“Mercedes drivers in Germany can now make contactless in-car payments for fuel directly from their Mercedes me app or via their vehicle’s infotainment system using the luxury car maker’s new Fuel & Pay digital payments service. Once they have activated the service and selected their payment option, drivers can use it to pay for their fuel at more than 900 participating filling stations across Germany.”
November 30, 2020
On the wires
SumUp and Mastercard to enable vehicle payment solutions for European small businesses
“SumUp and Mastercard are announcing their new payment services tailored for Ford commercial vehicles in Germany, France, Italy, Spain and the United Kingdom. With this new solution, small business owners that typically use commercial vehicles – including food trucks, beverage suppliers, mobile florists and other tradespeople – can accept card payments directly from their vehicles.”