Visa and Accenture Explore Internet of Things-Based Commerce Opportunities
Mumbai; March 3, 2015 – Accenture (NYSE: ACN) is working with Visa Inc. to explore the future of Internet of Things-based commerce by developing a connected car proof-of-concept. A demo simulating this use case will be showcased by Visa at Mobile World Congress, March 2-5 in Barcelona, Spain (Exhibit Booth D40, Hall 6), which shows the scenario of customers ordering food from the car while on-the-go using cellular connectivity, as well as Bluetooth technology and beacons, to offer an enhanced user experience.
“This next phase of payments is being driven in large part by mobile technology and it involves many new players and innovative ways to shop, pay and get paid – including the car,” said Bill Gajda, Senior Vice President of Innovation and Strategic Partnerships, Visa Inc. “With the connected-car proof-of-concept, we are integrating some of the latest technologies that will enhance on-the-go payments. Accenture’s related expertise has made them an ideal company to help us with this strategic initiative.”
Accenture has helped Visa with the connected car commerce initiative since the project’s genesis, designing, building and testing the proof-of-concept. Accenture developed the applications, integrated several technologies for extracting information from the car, and built the technical foundation for machine-to-machine commerce based on secure and seamless payment transactions.
“We are pleased to team with Visa to explore the future of Internet of Things-based commerce by building the connected car commerce proof-of-concept,” said Anand Swaminathan, Global Growth & Strategy Lead for Accenture Digital. “Visa has great vision in this space and continues to innovate and explore new ways to make purchases more convenient for consumers, setting the bar even higher in terms of friction-less payment transactions.”
Accenture has significant experience in both digital commerce and connected transportation, and will continue to team with organizations such as Visa and others in the broader digital ecosystem to develop innovative, relevant Internet of Things-based products and services to provide real business benefits across every industry.
