Tysons Corner, VA, November 21, 2023 – Sheeva.AI, a leading provider ofin-vehicle payments and services, and Visa Acceptance Solutions, a world leaderin digital payments, today launched a new tokenization platform for in-vehiclecommerce.
Sheeva.AI will leverage Cybersource Token Management Service, a part ofVisa Acceptance Solutions, to power the first multi-use tokenization platformfor in-vehicle payments by using precise vehicle location to authorize paymentsat the point of service.
The tokenization solution unlocks a global ecosystem to open paymentsthrough the Visa Acceptance platform – enabling secure, innovative,frictionless customer experiences for invehicle payments.
This collaboration implements secure storage of card dataand network token management with Visa Acceptance Solutions to make in-vehicletransactions seamless and secure without storing the card-on-file ortransmitting raw data to payment processors.
Sheeva.AI’s integration with Cybersource Token ManagementService brings this state-of-theart digital and secure one-touch paymentexperience to the vehicle’s infotainment screen to make the driver’s experienceeasier and safer, whether used in fueling, EV charging, parking, tolling orretail around the world.
“The ease and efficiency of tokenization unlocks themulti-billion-dollar opportunity that is invehicle payments,” said EvgenyKlochikhin, Founder and CEO of Sheeva.AI. “Our product suite empowers thedriver to locate and activate the fuel dispenser, EV charging station, parkinggate or toll from inside the car to enable the transaction to happen, and VisaAcceptance Solutions’ platform makes the payment simple and seamless.”
“Tokenization is becoming the global standard for securepayments of all kinds,” said Jignesh
Kacheria, Vice President of Product Management for Visa.“We look forward to working with
Sheeva.AI to power wider adoption of this new category ofdigital payments inside the vehicle.”
“The payments landscape is complicated especially when youcross as many geographies and retailer tech ecosystems as we do,” Klochikhinadded. “We’ve been refining our products for months, improving our API-drivenprocesses and mapping millions of service points in India, US,
Japan, and Europe. We knew the payments process wouldbecome a challenge. Visa Acceptance Solutions has the right solution for us tosolve this challenge globally.”
Sheeva.AI’s innovative product suite is currently in trials withautomotive OEMs and Tier 1 suppliers globally, with more than 1.5 millionservice points – including fuel pumps, parking spaces and EV chargers – mappedin the Sheeva.AI database.
CONTACT: Trevor Curwin, Director of Partnerships, Sheeva.AI