Visa and Accenture Explore Internet of Things-Based Commerce Opportunities
BARCELONA; March 2, 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.
Accenture is a global management consulting, technology services and outsourcing company, with more than 319,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page is www.accenture.com.
Accenture Digital, comprised of Accenture Analytics, Accenture Interactive and Accenture Mobility, offers a comprehensive portfolio of business and technology services across digital marketing, mobility and analytics. From developing digital strategies to implementing digital technologies and running digital processes on their behalf, Accenture Digital helps clients leverage connected and mobile devices; extract insights from data using analytics; and enrich end-customer experiences and interactions, delivering tangible results from the virtual world and driving growth. Learn more about Accenture Digital at www.accenture.com/digital.
About Visa Inc.
Visa Inc. (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 56,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid or pay later with credit products. For more information, visit usa.visa.com/about-visa, visacorporate.tumblr.com and @VisaNews.
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