LAS VEGAS — Has SiriusXM Satellite Radio stolen a great opportunity for digitally savvy radio companies to make a bit more money?
Visa and subisidiary SiriusXM Connected Vehicles Services Inc., announced today onstage at the Consumer Telematics Show their plan to revolutionize the driving experience with a new in-vehicle payment solution.
Specifically, Visa and SiriusXM are working to “enhance” the way customers spend their time in-vehicle. They plan to offer the SiriusXM e-wallet to manufacturers who deploy SiriusXM’s connected vehicle services, the connected vehicle platform.
The SiriusXM e-wallet is being designed to integrate into the dashboard. It will allow drivers and passengers to complete and make purchases for everyday tasks on-the-go: shop and pay for coffee, find and pre-pay for gas, locate and pay for parking, purchase movie tickets, and seamlessly pay tolls.
How does it work?
Users will activate and authenticate payment with their Visa account using biometric authentication, like voice and touchscreen commands, to eliminate driver distractions during the transaction.
It’s something iHeartRadio, Radio.com and Radiopup, Townsquare Media’s streaming app, don’t offer.
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,” said Olabisi Boyle, Vice President of IoT Platforms at Visa. “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.”
John Jasper, SVP for SiriusXM Connected Vehicle Services, added, “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.
