Posted in | Signal Processing

Rinspeed’s Concept Car Integrated with Luxoft Peer-to-Peer Payment Technology to Enable Unique IoT Solutions

Luxoft Holding, Inc, a leading provider of software development services and innovative IT solutions to a global client base, today announced the launch of the first industry solution integrating financial services software, a peer-to-peer payment technology, into the connected car. The functionality of the Paymit platform from SIX Payment Services will be demonstrated with the Rinspeed “Σtos” concept car at the Geneva Motor Show in Geneva, Switzerland.

Luxoft has used this innovative payment technology, originally built for the financial services segment, and brought it into the autonomous vehicle enabling a monetization platform for IoT use cases. The underlying peer-to-peer payment solution, which has been seamlessly integrated into the vehicle’s infotainment system allows drivers to make purchases and perform routine financial transactions, in real time, both inside and outside the vehicle. This collaboration is at the forefront of such innovative change and is demonstrating the convergence of adjacent vertical technologies. This shows just how digitization is playing an increasing role in the automotive and the financial services industries.

”We are very excited about the successful outcome of our integration efforts and the myriad of opportunities this new capability creates for OEMs, drivers, and financial institutions,” said Vasiliy Suvorov, VP of Technology Strategy at Luxoft. “From making a smart payment at a parking garage, a toll booth or a carwash through to performing a money transfer, the driver is now able to execute all of these on the go, in a safe and intuitive manner through the built-in Human Machine Interface. Paymit platform capability, expressed by the means of a context-aware user interface is functional within both, the autonomous and manual driving modes.”

“Rinspeed continues to be at the forefront of embracing innovative technologies within the autonomous vehicle,” said Frank M. Rinderknecht, Founder and CEO of Rinspeed, Inc. “The introduction of this new feature within ‘Σtos’ demonstrates the importance of cross-industry collaboration. The work we have engaged in alongside of Luxoft and SIX Payments Services have created many real world use cases around the driver’s ability to simply make a ‘payment’ while never actually leaving or in some cases, even stopping the vehicle. We look forward to continuing our work together, also embracing other technologies that are not specifically designed for this industry, in order to continue to enhance the driver experience.”

To learn more about Rinspeed’s autonomous vehicle and this newly launched feature, visit the Rinspeed Booth #6240 at the Geneva Motor Show, March 3 – 13, 2016.

Source: http://www.luxoft.com/

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