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Mentioned Companies:

Discover and Car IQ Connected Fleet Payments

Car IQ has developed a platform that uses the trove of data in a vehicle’s telematics platform to create a unique ID the machine can use to facilitate secure payments. Discover Financial Services (DFS) and Car IQ will bring to market a payment system that fleet operators can deploy to handle purchases for fuel, maintenance, tolls, and parking using the machine itself as the payment device. Virtual card payments will be carried on the Discover Network. DFS will promote Car IQ with marketing and incentive programs. Shifting identity verification to the individual car or truck and away from ...

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October 2020
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