SourceLine News & Insights

One credit card company’s latest mobile payment innovation will put consumers in the driver’s seat, literally, when it comes to their payment processing.

Earlier this summer, Visa announced plans to bring mobile payment technology into automobiles, enabling consumers to make payments without having to leave the relative comforts of their cars. The “connected car technology” would be particularly applicable to gas stations, fast food restaurants, transit and parking services.

The technology is still in the early stages of development, as Visa is currently working to ensure the platform provides reliable data security. Nevertheless, the connected car technology is another innovation fuel retailers and C-store operators should keep an eye on.