Tuesday, January 8, 2019
SiriusXM, Visa Fast Tracking In-Vehicle Commerce
Visa and SiriusXM are working to enhance the way customers spend their time in-vehicle and plan 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.
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.
"Teaming up with SiriusXM is a big step forward in Visa's quest for connected commerce across the automotive ecosystem. SiriusXM's solid network with automotive manufacturers and established consumer interfaces, combined with our payment expertise, will help fast-track the endless opportunities for drivers to safely and securely accomplish tasks during their commute," said Olabisi Boyle, Vice President - IoT Platforms, Visa.
"Visa is the world's leader in digital payments and our Connected Vehicle Services group has deep roots and a broad reach in the auto industry," said John Jasper, Senior Vice President for SiriusXM Connected Vehicle Services. "Our work with Visa is a significant step in establishing the next generation of vehicle-to-everything connectivity, transforming the vehicle into a 'hub' that provides for real-time, convenient transactional services to drivers and passengers."
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.
Posted 1:59:00 AM