The Canadian company BlackBerry Limited is partnering with Oakland, California-based fintech firm Car IQ to develop technology to enable secure, vehicle-based payment capabilities by using its cloud-connected in-vehicle software platform (known as BlackBerry IVY) and direct access to vehicle sensors, the companies said in an Aug. 11 press release.
Connected car payments system will allow automakers to create a “digital fingerprint” for a vehicle allowing it to connect to a bank’s payment network. The system validates and autonomously pays for a wide range of services, including gas, tolls, parking, insurance, and maintenance via its “wallet.”
“We are delighted to demonstrate the value of BlackBerry IVY’s end-to-end offering for this market through our partnership with Car IQ,” Peter Virk, BlackBerry’s vice president of IVY Product and Ecosystem, said in the release. “Access to sensor data and edge computing will allow for an incredibly secure in-vehicle payments solution.”Payments Dive