Car IQ Partners With BlackBerry IVY For CES

Drivers Can Pay For Gas, Tolls, Parking, EV Charging, Without Use of Credit Card
BusinessWireJanuary 9, 20234 min

Car IQ Inc., the first payment network for cars, today announced it is partnering with BlackBerry Limited (NYSE: BB; TSX: BB) to demonstrate a new in-dash vehicle-wallet at the 2023 Consumer Electronics Show (CES) that connects vehicles to merchants and enables customers to pay right from the dash of their car.

At the BlackBerry booth (4025, West Hall, LVCC), Car IQ will demonstrate the first embedded vehicle wallet powered by BlackBerry IVY™ that embeds payments directly in the car, providing drivers access to a one stop shop for all vehicle needs including paying for fuel, EV charging, tolls, parking, service & repairs and more. In addition to payments, BlackBerry will also demonstrate how merchants and OEMs can push offers and incentives to drivers and passengers alike.

“Our strategic partnership with BlackBerry allows us to offer a simpler payment experience via BlackBerry IVY that lets car owners connect their vehicles directly to their bank accounts and automatically pay for services without needing to add a credit card,” said Sterling Pratz, CEO at Car IQ. “We believe the next generation of payments will center around the vehicle wallet, allowing auto OEMs to add wallets to their cars and enabling secure payment transactions.”

“BlackBerry IVY is providing Car IQ customers the ability to transact seamlessly across a large network of merchants right from their vehicle without a physical credit card,” said Vito Giallorenzo, SVP, General Manager of IVY and Head of Corporate Development at BlackBerry. “The technology can connect to OEMs who can create custom commerce experiences for their customers without sending user data to the cloud and has the ability to add prepaid services to the vehicle at the time of sale.”

Car IQ® Pay is accepted at over 21,500+ fuel stations nationwide including Shell, Sunoco and Kum & Go and now offers fleets and consumer vehicles the ability to pay for EV charging, nationwide tolling, and parking without the use of a credit card. Using Car IQ to refuel is simple: locate the nearest participating gas station, add the pump number to Car IQ Pay, refuel the vehicle, replace the pump and leave. Car IQ Pay facilitates payment and the receipt is sent to the car’s account.

For more such Updates Log on to https://fintecbuzz.com/ Follow us on Google News Fintech News

BusinessWire

newOriginal-white-FinTech1-1

We are one of the world’s leading Fintech-based media publication with our content strategized and synthesized to fit right into the expanding ecosystem of Finance professionals. Be it fintech live news, finance press releases, tech articles from Fintech evangelists or interviews from top leaders from global fintech firms, we give the best slice of knowledge topped up with the aptest trends. Our sole mission is to help tech and finance professionals step up with the rapidly emerging Fintech civilization and gain better insights to emerge victorious in every possible way. We adopt a 360-degree approach in order to cater to present a holistic picture of the fintech arena.

Our Publications



FintecBuzz, 2024 © All Rights Reserved