Connected Vehicle

Visa and SiriusXM working on in-vehicle payment solution

Visa and SiriusXM Connected Vehicles Services announced at CES that they are working on a new in-vehicle payment solution. The companies are working to offer the SiriusXM e-wallet to manufacturers who deploy SiriusXM’s connected vehicle services, the broadly adopted connected vehicle platform in North America, serving multiple major automotive brands.

The SiriusXM e-wallet is being designed to integrate into the dashboard and will allow drivers and their passengers to complete and make purchases for everyday tasks on-the-go: shop and pay for coffee, find and pre-pay for gas, locate and pay for parking, purchase movie tickets, seamlessly pay tolls, and more. Users will activate and authenticate payment with their Visa account using biometric authentication, like voice and touchscreen commands, to eliminate driver distractions during the transaction.

Powered by Visa and SiriusXM application programming interfaces (APIs), the solution can draw on a range of technologies to enable safer and more secure commerce, including the Visa Token Service, which allows an extra layer of security for payments.

To implement these services, Visa is establishing virtual payment relationships through its wide-ranging network of retailers and providing secure authentication capabilities for added security, while SiriusXM is developing the next-generation protocols needed to establish real-time connectivity and in-vehicle interfaces with a broad variety of personalized content and data aggregated from a network of platforms. This suite of services will be showcased to automobile manufacturers during 2019.

Source: Press Release


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