Volvo brings in-car payments with integrated pay-by-app parking application

US pay-by-app parking service Parkmobile released a new application which is compatible with Volvo’s updated infotainment systems.

Online Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term which began with personal computers has been rapidly moving on to other internet connected devices. The growth of mobile usage with smart and connected devices brought with it a rise in mobile payments. New generation SmartTVs also support the idea of online payments. One device, many of us come in contact with everyday, has also become smarter over the last few years, your car’s entertainment system.

Parkmobile, a pay-by-app parking service similar to Pango, has developed a new version of their application which is compatible with Volvo’s new generation of Sensus Connect infotainment systems. Sensus Connect is a Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term connected in-car operating system with its own mobile internet connection. Internet connected cars have been around for a few years now, but with proprietary operating systems spanning over dozens of companies and models, creating a standard eco-system to support applications is nearly impossible. For these reasons car companies and app developers are teaming up to offer their own versions of applications.

The new updated version of Sensus Connect was unveiled at The Consumer Electronics Show (CES) in Las Vegas this past week, and showcased the new pay for parking application directly from the cars in-dash screen. The Parkmobile application works as its mobile counterpart, credit card details are entered and stored beforehand, allowing the user to press a button on the screen to begin the parking session. Sensus Connect uses GPS and a feature called car2infrastructure to determine location and available parking. The car2infrastructure feature allows the car to communicate with its surroundings and other vehicles.

Volvo and Parkmobile were not the only companies showcasing in-car payments at CES. Ford, in cooperation with Domino’s Pizza, demonstrated a new application working with Ford’s MyFord Touch infotainment system allowing for users to order and pay for pizza from within the vehicle.

As cars, much like other smart-devices, are getting smarter we should be seeing more convenience oriented applications being made available on in-dash screens.

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