Gentex and PayByCar Announce Partnership to Boost Access to Contactless In-Vehicle Payments
Specifically, the companies are working to ensure compatibility between Gentex’s Integrated Toll Module® (ITM®), and PayByCar™, an innovative payment solution that allows drivers to use their smartphone and toll transponder to fuel up at certain gas stations without using cash or a credit card.
PayByCar uses the driver’s toll transponder to identify the vehicle upon entering a participating gas station. The system immediately sends a text message to the driver, who replies with the appropriate pump number. PayByCar then turns on the pump, registers the transaction, charges the driver’s credit card, and issues an email receipt.
Gentex supplies automakers with Integrated Toll Module, a nationwide toll collection technology for factory integration into new vehicles. The system combines almost all
By ensuring compatibility between the two technologies, Gentex and PayByCar believe they can help each other grow their mutual customer base while introducing new users to the benefits of the transactional vehicle.
“It’s truly a win-win relationship for both companies,” said Gentex Chief Technology Officer
The two companies also believe that consumers are beginning to appreciate, perhaps now more than ever, the benefits of touch-free transactions.
“Clearly, we’re living at a time when contactless payments are becoming increasingly important,” said PayByCar President & COO
PayByCar is a leader in making possible in-vehicle contactless payments for connected cars – both new models with state-of-the-art tech, as well as millions of older vehicles. We start with a simple goal – make, in-vehicle payments easy, safe and fast today. If you have a toll transponder and a smartphone, you’ve got what it takes to join PayByCar now. To learn more please visit: https://www.mypaybycar.com/
Founded in 1974,
Gentex Media Contact
(616) 772-1590 x4316
Gentex Investor Relations Contact
(616) 772-1800 x5814
PayByCar Media Contact
Source: Gentex Corporation
Source: PayByCar, Inc.