Visa, SiriusXM Reveal Plans for In-Vehicle Payment Solution
Visa and SiriusXM Connected Vehicles Services revealed plans for a new in-vehicle payment solution. The companies are aiming 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 SiriusXM e-wallet is being designed to integrate into vehicle dashboards, aiming to allow drivers and their passengers the ability to complete tasks and make purchases like paying for coffee, finding and pre-paying for gas, locating and paying for parking, purchasing movie tickets, and paying tolls. Users will activate and authenticate payment with their Visa account using biometric authentication, like voice and touchscreen commands. The solution will be powered by Visa and SiriusXM Application Programming Interfaces (APIs).
To implement these services, Visa is establishing virtual payment relationships through its network of retailers and providing secure authentication capabilities, 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.