NEW YORK, Jan. 7, 2019 /PRNewswire/ -- Visa and
SiriusXM Connected Vehicles Services Inc., a subsidiary of Sirius
XM Holdings Inc. (NASDAQ: SIRI), announced today onstage at the
Consumer Telematics Show in Las
Vegas their plan to revolutionize the driving experience
with a new in-vehicle payment solution.
Visa and SiriusXM are working to enhance the way customers spend
their time in-vehicle and plan to offer the SiriusXM e-wallet to
manufacturers who deploy SiriusXM's connected vehicle services, the
broadly adopted connected vehicle platform in North America, serving multiple major
automotive brands.
The SiriusXM e-wallet is being designed to integrate into the
dashboard and will allow drivers and their 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, seamlessly pay tolls, and more. 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.
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. 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," said Olabisi Boyle, Vice President - IoT Platforms,
Visa.
"Visa is the world's leader in digital payments and our
Connected Vehicle Services group has deep roots and a broad reach
in the auto industry," said John
Jasper, Senior Vice President for SiriusXM Connected Vehicle
Services. "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.
Visa and SiriusXM's new in-vehicle payment solution is being
presented by Peter Polit, Vice
President and General Manager of Connected Vehicle Strategy and
Business Development at SiriusXM, today, January 7, at the Consumer Telematics Show in
Las Vegas, Nevada.
For more information, visit https://youtu.be/8VDpqNh1FGQ.
About Visa
Visa Inc. (NYSE: V) is the world's leader in digital payments.
Our mission is to connect the world through the most innovative,
reliable and secure payment network - enabling individuals,
businesses and economies to thrive. Our advanced global processing
network, VisaNet, provides secure and reliable payments around the
world, and is capable of handling more than 65,000 transaction
messages a second. The company's relentless focus on innovation is
a catalyst for the rapid growth of connected commerce on any
device, and a driving force behind the dream of a cashless future
for everyone, everywhere. As the world moves from analog to
digital, Visa is applying our brand, products, people, network and
scale to reshape the future of commerce. For more information,
visit About Visa, https://usa.visa.com/visa-everywhere/blog.htmland
@VisaNews.
About SiriusXM Connected Vehicle Services Inc.
SiriusXM Connected Vehicles Services Inc., a subsidiary of
Sirius XM Holdings Inc. (NASDAQ: SIRI), delivers a broadly adopted
connected vehicle platform in North
America. SiriusXM Connected Vehicle Services can be found in
many makes and models from various manufacturers, and give
customers access to a suite of safety, security, and convenience
services including automatic crash notification, enhanced roadside
assistance, remote door unlock, remote start, stolen vehicle
recovery assistance, turn-by-turn navigation, integration with
smart home devices and more.
SiriusXM also owns Automatic Labs, which creates aftermarket
products that can transform most vehicles model year 1996 or later
into connected vehicles. By pairing Automatic's install-it-yourself
adapter and consumer friendly mobile application, drivers are able
to access many important safety and convenience
services. Additionally, developers can use the Automatic
platform to build services and applications that enhance the
driving experience, and auto dealers can use Automatic technology
to better serve and stay connected with their customers. For more
information, visit www.automatic.com.
This communication contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such statements include, but are not limited to,
statements about future financial and operating results, our plans,
objectives, expectations and intentions with respect to future
operations, products and services; and other statements identified
by words such as "will likely result," "are expected to," "will
continue," "is anticipated," "estimated," "believe," "intend,"
"plan," "projection," "outlook" or words of similar meaning. Such
forward-looking statements are based upon the current beliefs and
expectations of our management and are inherently subject to
significant business, economic and competitive uncertainties and
contingencies, many of which are difficult to predict and generally
beyond our control. Actual results and the timing of events may
differ materially from the results anticipated in these
forward-looking statements.
The following factors, among others, could cause actual
results and the timing of events to differ materially from the
anticipated results or other expectations expressed in the
forward-looking statements: our substantial competition, which is
likely to increase over time; our ability to attract and retain
subscribers, which is uncertain; interference to our service from
wireless operations; consumer protection laws and their
enforcement; unfavorable outcomes of pending or future litigation;
the market for music rights, which is changing and subject to
uncertainties; our dependence upon the auto industry; general
economic conditions; the security of the personal information about
our customers; existing or future government laws and regulations
could harm our business; failure of our satellites would
significantly damage our business; the interruption or failure of
our information technology and communications systems; our failure
to realize benefits of acquisitions or other strategic initiatives;
rapid technological and industry changes; failure of third parties
to perform; our failure to comply with FCC requirements;
modifications to our business plan; our indebtedness; our principal
stockholder has significant influence over our affairs and over
actions requiring stockholder approval and its interests may differ
from interests of other holders of our common stock; impairment of
our business by third-party intellectual property rights; and
changes to our dividend policies which could occur at any time.
Additional factors that could cause our results to differ
materially from those described in the forward-looking statements
can be found in our Annual Report on Form 10-K for the year ended
December 31, 2017, which is filed
with the Securities and Exchange Commission (the "SEC") and
available at the SEC's Internet site
(http://www.sec.gov). The information set forth
herein speaks only as of the date hereof, and we disclaim any
intention or obligation to update any forward looking statements as
a result of developments occurring after the date of this
communication.
Source: SiriusXM
Media contacts:
Patrick
Reilly
SiriusXM
Patrick.Reilly@SiriusXM.com
Kevin Bruns
SiriusXM
Kevin.Bruns@SiriusXM.com
Katie Harris-Maines
Visa Inc.
kathharr@visa.com
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SOURCE Sirius XM Holdings Inc.