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Van Kampen Inv GR CA Mun | NYSE:VIC | NYSE | Ordinary Share |
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Leading global brands combine innovative payment and mobile technologies to create in-car purchase experiences that are secure, convenient and easy
Visa Inc. (NYSE:V), Pizza Hut and Accenture (NYSE:ACN) today announced they are working together to develop a proof-of-concept connected car to test mobile and online purchases on the go. The connected car is expected to feature Visa Checkout, Visa’s online payment service, cellular connectivity, Bluetooth Low Energy (BLE), as well as Beacon technology deployed at Pizza Hut restaurants to alert staff when the customer has arrived and is ready to pick up the order. The integration of these technologies is being managed by Accenture.
Visa Demos Connected Car Commerce at Mobile World Congress 2015 (Photo: Business Wire)
Visa will demonstrate connected car commerce at Mobile World Congress, March 2-5 in Barcelona, Spain (Hall 6, Exhibit Booth 6D40). The partners expect to test the connected car commerce experience in Northern California, over a three-month period, starting this spring.
“By 2020 it is estimated that more than 250 million vehicles worldwide will include some form of embedded connectivity1,” says Bill Gajda, senior vice president of Innovation and Strategic Partnerships, Visa Inc. “As the number of connected cars on the road increases, so does our ability to bring secure online commerce to consumers everywhere. We initially focused on a specific use case – ordering a meal on your way home – but we envision a world where consumers can seamlessly make many of their everyday purchases from the car.”
Building Next-Generation Commerce Experiences
With busy, on-the-go consumers in mind, the connected car concept led by Visa, combines leading edge payment security, cellular and wireless technologies to test connected car consumer payment experiences. The demonstration of connected car commerce is a first of its kind in the industry. While the initial focus is on ordering food at a quick service restaurant, the technology can also be applied to other, everyday consumer purchases including gasoline, transit and parking and drive-through retail opportunities.
About Visa Inc.
Visa Inc. (NYSE:V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world's most advanced processing networks — VisaNet — that is capable of handling more than 56,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid or pay later with credit products. For more information, visit usa.visa.com/about-visa, visacorporate.tumblr.com and @VisaNews.
1 Gartner Research, January 2015
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20150302006046/en/
Press OnlyVisa Inc.@MWC 2015Elvira Swanson, +1 650-504-4537 (text)globalmedia@visa.comorVisa Inc.Aida Hadzibegovic, +1 650-421-5169ahadzibe@visa.com
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