The PaybyCar system, created by an in-vehicle payment pioneer, headquartered in Boston, car owners to buy gas from their car without taking out money, a credit card, or a smartphone app. With travelers preferring the service and selecting the payment method, such as debit card or e-wallet, that they can use for non-toll charges, PayByCar is ‘flawless’. Transactions through PayByCar do not go via a standard toll account with the E-Z Card but are fully reimbursed to the payment form selected.
Whenever a person drives to a partnering dealer, the toll transmitter on the vehicle and the presence of the driver’s mobile phone is registered by a PayByCar RFID (Radio Frequency Identification) reader. The device sends an SMS text message to the mobile of the customer and responds with only the pump details. PayByCar triggers the pump instantly, records the purchase in the non-tolling account, charges the payment, and sends an email confirmation for the transaction with retail deals.
Recently, Gentex Corporation, a major provider to the automotive sector of the virtual image and connected car technology, and PayByCar, a vendor of transaction-based vehicle services, unveiled a commercial partnership that would enable a growing number of drivers to directly pay from their vehicle for gas and other necessities.
Why choosing RFID for toll-gate management and in-vehicle services?
Automatic Toll Tax programs have really contributed a great deal to reduce the heavy traffic in today’s urban cities. It is one of the simplest strategies used for organizing rush hour traffic movement. Whenever the car drives on any road through the toll gate, it is confirmed that it has passed the clearance on the RFID reader. In these systems, the need for manual toll-based schemes is totally eliminated, and the toll road system runs by RFID system in which the scanner at the tolls recognizes the little RFID tags on the windows of cars. As the tag can be decoded from a range, the device thus mounted is very useful to reduce the time and expense of travelers.
RFID technology used in toll-gates, however, has evolved and extended to other places of use for automobiles. They will now do more than just pay for tolls, the little RFID scanner gadgets attached to the inside window of most vehicles. As we have seen in PaybyCar, technology businesses use the toll transmitter as a remote payment system while tanking up the truck. This opens up other mobile payment options, including C-stores and QSR drive-thrus, that are often followed by software and automobile firms. Cars are now de facto online payment devices, and it is not shocking that many stakeholders are trying to acquire a share of the connected automotive market, including app developers, payment services, card issuers, smartphone suppliers, and auto companies.
Obviously, we live in a time where contactless payments are becoming more and more essential. Many consumers are now eager and primed for new services, not just for the ease of quick and easy transfers, but also for the additional protection and comfort of a touch-free payment method.