A car-based mobile payments system might seem exciting, especially to those who transact a lot of business via drive-up window.
Honda, meanwhile, seems to find this just as exciting a notion, and has thus teamed up with Visa to demonstrate a new system of mobile payments from a car, which could allow those who need to pay for an item to do so without getting out of the car.
Visa has been working on such an approach for some time, reports note, and its Visa Token Service was the result.
The tokens—digital account numbers—can be safely stored on mobile devices, and that makes it a good safe platform for mobile payments.
A platform that was sufficient for Honda and its Honda Development Studio to get interested and bring in a proof of concept that would let Honda drivers do things like pay for gas, parking, or other things while still behind the wheel.
So far, Visa believes it’s made plenty of progress on the goal, turning to businesses like Chicago’s ParkWhiz to reserve and pay for parking in several cities, including New York and San Francisco.
A separate custom app worked more toward gas stations, allowing users to not only pay for fuel but also pre-pay for items in an attached convenience store.
The idea of such a system can have impressive ramifications. Not only could we potentially see a system where users pay for food at a drive-through from the car—a move which, when averaged over several dozen cars a day, could speed up drive-through performance—we could also see it where gas drive-offs are impossible, as the car would pay for the gas before leaving.
What if we augment it from there? What if we let our cars pay for groceries? Theoretically, all we’d need is a means to connect the car to the grocery store’s network, and it could make its own payments. We could even potentially add some hardware-based security measures like two-factor authentication or even biometrics, potentially even connecting it to a token in the car key.
From convenience to potentially better security, the idea of a car-based mobile payment system could be a great way to perk up the entire shopping landscape. While some models won’t even have the service, it will still be exciting to see just how it all works out in the end.