Honda and Visa Demonstrate In-vehicle Payments
1-9-2017
At last week’s Consumer Electronics Show (CES) in Las Vegas, Visa and Honda brought the Internet of Things to life by demonstrating in-vehicle payment for parking and fueling. The service allows drivers to pay for parking and fuel with a touch of a button on the vehicle dashboard.
Honda and Visa first joined forces last year and they are now joined by Gilbarco Veeder-Root and IPS Group, Inc. in collaborating in the effort to transform the way consumers make in-vehicle payments for every day services such as gasoline and public parking.
In-vehicle payment at the pump is a secure and convenient experience. Once the car is parked next to a pump, drivers are notified that they can pay from their car. The driver selects the amount of gas they would like to fill up and the cost to fill it up is automatically calculated by the app. Drivers are notified that they can pay for fuel or parking when they are near a smart parking meter or fuel pump. Depending on the services, the purchase amount is displayed in the dashboard and drivers confirm payment with the touch of a button.
For videos and photos featuring the In-vehicle demos please visit www.hondanews.com.
About ETA
The Electronic Transactions Association (ETA) is the world’s leading advocacy and trade association for the payments industry. Our members span the breadth of significant payments and fintech companies, from the largest incumbent players to the emerging disruptors in the U.S. and in more than a dozen countries around the world. ETA members make commerce possible by processing approximately $56.75 trillion annually in purchases and P2P payments worldwide and deploying payments innovation to merchants and consumers.
ETAs membership spans the breadth of the payments industry to include independent sales organizations (ISOs), payments networks, financial institutions, transaction processors, mobile payments products and services, payments technologies, and software providers (ISV) and hardware suppliers. For more information, visit electran.org.
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