Cerence Wins Prestigious 2021 Automotive News PACE Award for Cerence Pay, its In-Car Payment Product
October 04 2021 - 8:00AM
Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today
announced that it was named a 2021 Automotive News PACE Award
winner for Cerence Pay, the company’s voice-powered, in-car
commerce product. The prestigious award recognizes automotive
suppliers for superior innovation, technological advancement and
business performance.
Cerence Pay utilizes AI and contextual knowledge to proactively
engage drivers to conveniently pay for critical needs on the road –
gas, parking, tolls, and more – providing a streamlined payment
transaction from intent to biometric authentication to purchase.
Going beyond a payment gateway or digital wallet, Cerence Pay is a
modular product platform that allows drivers to make purchases on
the fly using their voice and OEMs’ companion apps. This innovative
Cerence product has transformed the in-car payment landscape
through unmatched integration with the automotive assistant,
increasing discoverability and usability for drivers, solving
ongoing challenges and creating new revenue opportunities for
OEMs.
“We are honored to receive a 2021 Automotive News PACE Award, a
clear recognition of the importance of Cerence Pay for the
connected car of the future,” said Richard Mack, Chief Marketing
and Communications Officer, Cerence. “Cerence Pay is a true
game-changer for in-car commerce, giving OEMs the ability to offer
simple and streamlined payments deeply integrated with their in-car
assistant experience.”
The 27th annual PACE Awards were presented by Automotive News
and the Automotive Parts Manufacturers’ Association (APMA). The
competition was open to suppliers that contribute products,
processes, materials or services directly to the manufacture of
cars or trucks. The Automotive News PACE Award is accepted around
the world as the industry benchmark for innovation. Cerence earned
an Automotive News PACE Award following an extensive review by an
independent panel of judges, including a comprehensive written
application and a virtual site visit.
For complete details of the Automotive News PACE Award, visit
www.autonews.com/pace. To learn more about Cerence, visit
www.cerence.com, and follow the company on LinkedIn and
Twitter.
About Cerence Inc.Cerence (NASDAQ: CRNC) is the
global industry leader in creating unique, moving experiences for
the mobility world. As an innovation partner to the world’s leading
automakers and mobility OEMs, it is helping advance the future of
connected mobility through intuitive, powerful interaction between
humans and their cars, two-wheelers, and even elevators, connecting
consumers’ digital lives to their daily journeys no matter where
they are. Cerence’s track record is built on more than 20 years of
knowledge and nearly 400 million cars shipped with Cerence
technology. Whether it’s connected cars, autonomous driving,
e-vehicles, or buildings, Cerence is mapping the road ahead. For
more information, visit www.cerence.com.
Contact InformationKate HickmanCerence Inc.Tel:
339-215-4583Email: kate.hickman@cerence.com
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