P97 Networks partners with Visa for c-store industry
Collaboration strengthens payment offerings for connected commerce and mobility services platforms.
Service provider for the convenience and fueling sectors P97 Networks is teaming up with Visa to deploy its token technology.
This collaboration will help reduce friction with in-car payments, enable EV charging payments across public networks, and further accelerate mobile payment innovation and acceptance. The first step in this cooperation is the launch of P97 Network's enhanced token services to connect millions of digital wallets and connected cars to create secure mobile payment experiences.
P97 Networks and Visa will work together in the coming months to introduce a series of connected commerce experiences, including payment solutions for electric vehicle charging across public networks and fleet charging solutions.
"This collaboration underscores the powerful security that tokens provide to auto OEMs, energy brands, and issuers alike. Drivers and consumers that embrace digital payments and mobile apps tend to be more loyal and transact more frequently at the same brands," said Ansar Ansari, SVP and Global Head of Product Platforms at Visa.
“We've seen our connected commerce and mobile solutions become more embedded within our customers' digital marketing and loyalty programs to drive growth and operational efficiency," said Donald Frieden, CEO of P97 Networks.
P97 Networks provides these capabilities through APIs so auto OEMs, super apps, and voice-enabled payment platforms can transact at more than 60,000 convenience retail and fuels marketing sites.
