Blackberry Claims In-Car Payment Breakthrough

Blackberry is claiming a breakthrough in cyber-security that could allow simple and safe in-car payments for the connected car.

It says its vehicle-based payment solution could create new opportunities for automakers to offer a vast array of payment services and develop untapped revenue streams. The solution creates a “digital fingerprint” for the vehicle, allowing it to securely connect to a bank’s payment network, validate, and autonomously pay for a wide range of frequently used services, including fuel, tolls, parking, insurance, maintenance and other “wallet” capabilities.

The product is aimed at replacing in vehicle payment processes using physical credit cards or multiple smartphone apps to communicate with each individual merchant and service provider. BlackBerry is delivering its solution through a partnership with Californian financial technology provider, Car IQ, which employs BlackBerry IVY’s in-vehicle edge computing and direct access to vehicle sensors.

Peter Virk, vice-president of IVY product and ecosystem at BlackBerry, said: “We are delighted to demonstrate the value of BlackBerry IVY’s end-to-end offering for this market through our partnership with Car IQ. Access to sensor data and edge computing will allow for an incredibly secure in-vehicle payments solution.”

— Paul Myles is a seasoned automotive journalist based in Europe. Follow him on Twitter @Paulmyles_

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