Cerence Partners with CarPay-Diem for Enhanced Fuel Payment Capabilities in Cerence Pay

Rhea-AI Summary

Cerence Inc. (NASDAQ: CRNC) has partnered with CarPay-Diem to integrate its AI-powered fuel payment platform into Cerence Pay, enhancing the in-car payment experience in Europe.

This collaboration enables drivers to pay for fuel using voice commands, ensuring secure transactions while minimizing smartphone reliance. Currently operational in Benelux and France, CarPay-Diem plans to expand across 10 European countries by 2022. This partnership not only optimizes convenience for drivers but also opens new revenue streams for OEMs and fuel stations, promoting personalized offers and loyalty rewards.

Positive

• Expansion of Cerence Pay enhances in-car user experience.
• Integration with CarPay-Diem opens new revenue opportunities for Cerence and its partners.
• Strong focus on security with voice and facial biometrics.

Negative

• None.

Companies bring AI- and voice-powered fuel payments to drivers in Europe

BURLINGTON, Mass., May 18, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced the integration of the CarPay-Diem fuel payment platform into Cerence Pay. Cerence Pay delivers a secure, contactless payment experience in the car through voice-powered AI, enabling drivers to make key purchases like gas, food and parking through a world-class ecosystem of merchant partners, now including CarPay-Diem fuel retail partners.

CarPay-Diem, currently live in Benelux and France with future expansion planned throughout Europe, integrates with Cerence Pay to allow drivers to select and activate fuel pumps and pay for fuel directly through the in-car assistant, all by using their voice. Drivers can simply request the pump number, authorize the transaction, and fill up the tank. Cerence Pay authenticates the transaction via voice and/or facial biometrics, maximizing security in compliance with the European Union’s Revised Directive on Payment Services (PSD2) regulations. CarPay-Diem also enables loyalty rewards, so drivers never miss an opportunity to earn points at their favorite fuel stations.

“Fueling up is one of the most powerful use cases for Cerence Pay, especially as drivers look to minimize their interactions through contactless payment options,” said Nils Lenke, VP & GM of Apps, Cerence. “We’re pleased to bring CarPay-Diem into our partner ecosystem to further simplify the fuel purchasing process with intelligent, conversational AI-powered capabilities that keep drivers safer on the road by minimizing their reliance on smartphones.”

“Our service has been originally conceived and daily delivered to provide drivers with the fastest and most reliable payment experience from within the vehicle,” said Alain Tayenne, Co-Founder & COO of CarPay-Diem. “Our commitment is to make it available across 10 European countries in 2022. Complementing Cerence’s ecosystem represents a perfect illustration of our strategy, and a major step forward for CarPay-Diem into the connected car space.”

For OEMs, Cerence Pay creates new transaction-based revenue streams. CarPay-Diem also enables fuel stations to gain additional revenue opportunities through personalized offers for convenience purchases, return visits, and more.

For more information about CarPay-Diem, visit www.carpay-diem.com/en. To learn more about Cerence, visit www.cerence.com, and follow the company on LinkedIn and Twitter.

About Cerence Inc.
Cerence (NASDAQ: CRNC) is the global industry leader in creating unique, moving experiences for the mobility world. As an innovation partner to the world’s leading automakers and mobility OEMs, it is helping advance the future of connected mobility through intuitive, powerful interaction between humans and their cars, two-wheelers, and even elevators, connecting consumers’ digital lives to their daily journeys no matter where they are. Cerence’s track record is built on more than 20 years of knowledge and more than 350 million cars shipped with Cerence technology. Whether it’s connected cars, autonomous driving, e-vehicles, or buildings, Cerence is mapping the road ahead. For more information, visit www.cerence.com.

Contact Information
Kate Hickman
Cerence Inc.
Tel: 339-215-4583
Email: kate.hickman@cerence.com

FAQ

What is the recent partnership announced by Cerence Inc. involving CRNC?

Cerence Inc. announced a partnership with CarPay-Diem to integrate its fuel payment platform into Cerence Pay, allowing voice-activated payments in vehicles across Europe.

How does Cerence Pay enhance the payment experience for drivers?

Cerence Pay allows drivers to pay for fuel with voice commands, reducing the need for smartphone interaction and increasing convenience.

Which regions are currently served by CarPay-Diem?

CarPay-Diem is currently live in Benelux and France, with plans for expansion to 10 European countries in 2022.

What security features are included in the Cerence Pay system?

Cerence Pay utilizes voice and facial biometrics to authenticate transactions, ensuring compliance with EU payment regulations.

What benefits does the partnership bring to OEMs and fuel stations?

The partnership creates new transaction-based revenue streams for OEMs and allows fuel stations to gain additional revenue through personalized offers.