Friday, October 12, 2018

SiriusXM's Automatic Acquires Mobile Pay Platform PayTollo

Automatic, a unit of SiriusXM, has announced the acquisition of PayTollo, a mobile payment platform for toll roads and bridges that gives both drivers and Toll Authorities a streamlined payment option.

PayTollo's GPS Toll Recognition Technology algorithm and user interface delivers the ability to notify, verify and charge a user for toll crossings. PayTollo is currently an accepted payment option for tolls in Florida and California.

"The acquisition of PayTollo is exciting for Automatic as we continue to expand our consumer convenience and safety offerings," said SiriusXM EVP/GM, Emerging Business Joe Verbrugge.

"PayTollo provides a convenient service for drivers and authorities alike. We believe it will fit nicely within the Automatic platform as we add new features and services for our customers."

"PayTollo is thrilled to be under the Automatic umbrella," said Abenezer Yohalashet, the former CEO of PayTollo and Director, Head of Tolling for Automatic. "The synergy between connected vehicle services and toll payment are considerable and together, SiriusXM, Automatic and PayTollo will accelerate the growth of our platform and enable us to more quickly offer tolling solutions to drivers across the country."

Automatic says that PayTollo complements its consumer convenience and safety services. With Automatic's install-it-yourself adapter and mobile application, most vehicles model year 1996 or later can be converted into connected vehicles, giving drivers access to services like Crash Alert, roadside assistance, real-time vehicle location monitoring and sharing, vehicle health and performance monitoring, recall notifications and service reminders, and now tolling.

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