PURCHASE, N.Y.—Mercedes-Benz has partnered with Mastercard to launch an in-car payments solution—meaning customers can make payments from behind the wheel.
The embedded in-car payments solution leverages fingerprint sensor technology, and will first be rolled out in Germany at over 3,600 service stations, FinTech Magazine reported.
“This partnership marks the first use of fingerprint payment authorization for native in-car payments at a point of sale,” the publication stated. “It also makes Mercedes the first automaker to integrate Mastercard Secure Card on File for Commerce Platforms technology for in-vehicle online payments.”
Mercedes’ new in-car payments solution comes courtesy of its Mercedes pay+ division, which was launched in 2018 with a goal of making Mercedes vehicles a payments device as well as a car, FinTech Magazine said.
According to the report, Mercedes’ proprietary fingerprint technology will be integrated into the MBUX infotainment system and allow for transaction data to be encrypted using uniquely assigned cryptograms, “thus protecting sensitive payment information.”
Automatically Begins
The system works automatically, so when a driver reaches a fueling station, the Mercedes Me Fuel & Pay service automatically starts on the MBUX infotainment system, Fintech Magazine reported. “Drivers can then select the appropriate gas pump and will be shown a calculated maximum total price amount based on current fuel prices – before refueling has even started, the report added.
Once refueled, drivers will see an invoice amount to their Mastercard debit or credit card on the MBUX display, FinTech Magazine said.
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