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Car IQ is a company that provides the first payment solution that was developed for vehicles and fleets, which enables vehicles to transact directly, securely and autonomously with all payment networks, banks and service providers.
Car IQ’s underlying technology is based on a patented machine identity verification process that allows vehicles and machines to connect directly to payment networks, physical infrastructures, and mobility platforms.
Car IQ designed the Car IQ platform to serve the wide needs of vehicles including fleet managers, automotive OEMs, car sharing services, ride sharing platforms, and commercial fleets.Its payment platform allows vehicles to automatically initiate and complete payments for services such as tolls, fuel, parking and more.
Car IQ's platform makes it easy for fleet managers to onboard vehicles and replace personal credit and debit cards with direct connections from vehicle to financial institution. This creates a secure payment experience, simplifies accounting and eliminates disputes over questionable transactions.
Car IQ's dynamic identity verification is the foundation of its proprietary technology KYMSM (Know Your Machine) process. The KYMSM process makes it possible for vehicles to directly request, then validate and revalidate, and pay for services rendered.
