Tag: honda mobile payments

Honda teams up with Visa for mobile payments in cars

The automaker is joining up with the credit card giant to let people make purchases through their vehicles.

Visa has now opened up its mobile payments platform to auto manufacturers and Honda has decided that it will be among the first that will be teaming up with the financial services giant to turn its vehicles into credit cards.

This combination between Visa and Honda to use cars as mobile wallets was demonstrated at the Mobile World Congress.

The goal of this combination is to make it possible for people to pay for items they want to purchase using mobile payments services that are built right into their vehicles. That way, they will be able to buy products without ever having to leave their cars. This could be considered to be highly convenient in situations such as paying for fuel or buying food at a drive-thru. The service is based on the Visa Token Service that would help to make sure that the transactions remain secure.

That mobile payments service uses tokens, otherwise known as digital account numbers, for safe storage.

Mobile Payments - DriversVisa has been working with the Honda Developer Studio in order to be able to come up with a proof of concept that would make it possible for shoppers to be able to pay for various products and services such as fuel or parking, while behind the wheel. The idea is that they would be able to use a simple tap of the finger to be able to complete the transaction by way of mobile apps that have been integrated into the vehicle’s infotainment system, which is based on the Android Auto SDK OS.

According to the Visa executive vice president of innovation and strategic partnerships, Jim McCarthy, “The notion of transforming a car into a platform for payments is not as far off as some may think, and we have made a great deal of progress since first introducing the idea one year ago.” He added that by teaming up with Honda in order to be able to test out the prototypes, it brings them that much closer to being able to implement it into a real commercial scenario, “which we think provides exciting opportunities to everyone who plays a role in the payments and automotive ecosystems.”

Honda has already partnered with ParkWhiz in order to test out the mobile payments system. That startup is behind the reservation and payment for off-street parking in New York, Chicago and San Francisco by way of a mobile app or standard website.

Vehicles could be the next great mobile payments platform

Honda believes that cars could have a place in the mobile commerce space

Cars may soon be the world’s next big mobile payments platform, according to Honda. The Japanese automaker has partnered with Visa to demonstrate a new payment service at the 2016 Mobile World Congress. During the event, Honda showed that applications could be embedded in a vehicle’s infotainments systems, which could then be used to make purchases. This may become quite popular among consumers, as it would allow them to make purchases without having to leave their cars.

Visa is making progress in making mobile commerce more accessible

Visa has been working on ways to streamline the way people participate in the mobile commerce space for some time. Over the past few years, the organization has managed to make it easier for consumers to make simple purchases. The company has also helped make mobile payments more secure through the Visa Token Service, which replaces consumer financial information with digital tokens that can be used to authenticate transactions. Together, Visa and Honda have developed a new proof of concept service that would effectively allow drivers to make purchases from their vehicles.

Vehicles could become the most convenient mobile commerce solution

Mobile Payments - Honda & Visa PartnershipConvenience is one of the most attractive aspects of mobile commerce. Being able to use a mobile device to make a purchase has become quite popular to consumers, many of whom already base much of their lives on their smartphones. These devices can be used to shop for and purchase products both online and in physical stores. With the new service from Honda and Visa, consumers may never to leave their vehicles to pay for products, which would turn vehicles into a new type of mobile commerce platform.

Driverless vehicles could benefit from mobile commerce services

A dedicated mobile payments service may be particularly useful for those with driverless vehicles. As these vehicles can operate themselves, passengers can spend their type shopping for and purchase products that they are interested in. They can do this with their mobile devices as well, but smartphones and tablets may have limited connectivity issues when traveling long distances. This is not typically true for driverless vehicles, as they are designed to make use of an expansive satellite network that allows them to avoid connectivity issues.