Leading Payment and Fintech Companies to Explore the Future of In-Vehicle Payment Technology
Cardtek, a leading international payment technologies provider, today announced that it has assembled a special BayPay Forum event on the future of in-vehicle payments, entitled “Pay by Car”. The event – which will be held on May 23 at the Exponent Offices in Menlo Park, California, from 5:30pm to 8:30pm PT – will examine the potential of incorporating a secure and seamless payment platform within vehicles, allowing consumers to pay for services like gas and parking – without having to get out of their car. Executives from companies leading the development of in-vehicle payments will demonstrate how new cars can facilitate on-screen payments through smartphone integration and NFC technology, adding convenience and speed to car-related purchases.
BayPay has invited its 14,000 members comprised of credit card companies, such as Visa, MasterCard, and American Express, banks, including Chase, Wells Fargo, and Bank of America, and technology companies, such as Apple, Google, Facebook, and Twitter. Payments and financial technology leaders not attending the BayPay Forum can also watch a live stream of the event from its homepage.
“A large number of everyday consumer payments – such as parking, gas, or picking up food at a drive-through – are car-related,” said Erdal Yazmaci, the Co-Founder and Managing Director of North America for Cardtek. “The development of a secure in-car payment platform makes a lot of sense for consumers, and it opens the door of opportunity for automakers, payment companies, and merchants to provide a more convenient experience for their customers. The intersection of car manufacturing and modern payments has arrived, and this event will provide a glimpse at the road ahead.”
Mr. Yazmaci will be among the panelists at the “Pay by Car” event. He has over 16 years of experience in the payments space and led Cardtek from a startup company to an international solution provider. Dr. Jörg Brakensiek, the Chief Architect at Car Connectivity Consortium LLC, Imran A Hajimusa, the Vice President of Business & Technology at Verifone, and Adam Powers, the Technical Director at FIDO Alliance, will also be speaking at the event. Dr. Christopher Williams, Senior Associate, Statistical and Data Sciences at Exponent Inc., will moderate.
Pay by Car: In-vehicle payments shifting security & convenience into overdrive
May 23, 2017
5:30pm to 8:30pm PT
Exponent Offices, 149 Commonwealth Dr, Menlo Park, CA