Mr. Vito Giallorenzo reports

CAR IQ PARTNERS WITH BLACKBERRY IVY FOR CES: SHOWCASES NEW VEHICLE WALLET THAT LETS DRIVERS PAY RIGHT FROM THEIR DASH

Car payment network Car IQ Inc. and BlackBerry Ltd. have entered into a partnership to demonstrate a new in-dash vehicle wallet at the 2023 Consumer Electronics Show (CES) that connects vehicles to merchants and enables customers to pay right from the dash of their car.

At the BlackBerry booth (4025, West Hall, LVCC), Car IQ will demonstrate the first embedded vehicle wallet powered by BlackBerry IVY that embeds payments directly in the car, providing drivers access to a one-stop-shop for all vehicle needs including paying for fuel, EV (electric vehicle) charging, tolls, parking, service and repairs, and more. In addition to payments, BlackBerry will also demonstrate how merchants and OEMs can push offers and incentives to drivers and passengers alike.

"Our strategic partnership with BlackBerry allows us to offer a simpler payment experience via BlackBerry IVY that lets car owners connect their vehicles directly to their bank accounts and automatically pay for services without needing to add a credit card," said Sterling Pratz, chief executive officer at Car IQ. "We believe the next generation of payments will centre around the vehicle wallet, allowing auto OEMs [original equipment manufacturers] to add wallets to their cars and enabling secure payment transactions."

"BlackBerry IVY is providing Car IQ customers the ability to transact seamlessly across a large network of merchants right from their vehicle without a physical credit card," said Vito Giallorenzo, SVP (senior vice-president), general manager of IVY and head of corporate development at BlackBerry. "The technology can connect to OEMs who can create custom commerce experiences for their customers without sending user data to the cloud and has the ability to add prepaid services to the vehicle at the time of sale."

Car IQ Pay is accepted at over 21,500 fuel stations nationwide, including Shell, Sunoco, and Kum & Go; it now offers fleets and consumer vehicles the ability to pay for EV charging, nationwide tolling and parking without the use of a credit card. Using Car IQ to refuel is simple: locate the nearest participating gas station, add the pump number to Car IQ Pay, refuel the vehicle, replace the pump and leave. Car IQ Pay facilitates payment and the receipt is sent to the car's account.