Transaction Trends

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.