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P97 Networks Announces Collaboration with Visa to Deploy Its Token Technology

P97 Networks | February 01, 2023 | Read time : 02:00 min

P97 Networks Announces Collaboration with Visa to Deploy Its

On January 31, 2023, P97 Networks, a major supplier of connected commerce, mobile payments, and mobility services, announced a partnership with Visa to implement its token technology.

This collaboration will eliminate the friction associated with in-car payments, empower EV charging payments across public networks, and further expedite the development and adoption of mobile payments. The first phase of this collaboration is the introduction of P97 Network's upgraded network token services, which will securely link millions of digital wallets and connected automobiles to provide highly secure and distinctive mobile payment experiences

In the coming months, P97 Networks and Visa will deliver several connected commerce experiences, such as payment options for electric car charging across public networks and fleet charging solutions.

The Connected Commerce and Mobile Payments platform from P97 Networks provides a variety of services for automakers spanning key cloud computing capabilities, including:

• Payment aggregation
• Fueling
• Parking
• Services aggregation to empower digital payments across EV charging
• DM services powered by a digital offer network and customer engagement platform

P97 Networks offers these features through APIs so that vehicle OEMs, intelligent applications, and voice-enabled payment systems may trade at over 60,000 convenience retail and fuel marketing sites. In addition, P97 Networks' connected commerce platform provides auto OEMs with rich insights about retail locations, which can be displayed on the dashboard, allowing users to locate retail sites based on geo-location services or view hours of operation, real-time gas prices, amenities, and customer reviews.

CEO of P97 Networks, Donald Frieden, said, "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." He added, "In order to accelerate the adoption of mobile commerce, it's critical for us to continue enhancing the payment experience for consumers and drivers, and our joint effort with Visa is a significant step towards that vision."

(Source – PR Newswire)

About P97 Networks, LLC

P97 Networks, the premier supplier of connected commerce, mobile payments, and mobility services for the convenience retail, fuels marketing, and automotive industries, generates value for energy, merchants, vehicle OEMs, and consumer packaged goods manufacturers. It empowers clients to offer dependable, creative, and engaging mobility experiences across every touchpoint, device, and transaction. It also assists with the energy transition and plans to develop new growth engines. The firm has payment technology and expertise to integrate value-based connections with any consumer mobility service platform. It enables clients to provide more gratifying mobility experiences for their consumers, allowing them to generate corresponding value on every trip.

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