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Speedpass+ Adds Apple Watch Compatibility

By Raymond Pucci
May 5, 2017
in Analysts Coverage
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You can check the time and gas up your car at the same time. That would be for Apple Watch wearers who have the ExxonMobil Speedpass+ App. As the following article explains, the new functionality is part of a continuing effort to increase payment flexibility for consumers and their cars.

ExxonMobil announced today that it is rolling out several updates to its Speedpass+ mobile payment app, including use of the app with both Ford vehicles equipped with Ford SYNC®3 and the Apple Watch to purchase Synergy™ fuel and car washes at approximately 10,000 participating Exxon and Mobil stations across the United States.

Introduced in early 2017, Ford’s AppLink technology in SYNC 3 allows Speedpass+ app users to use the in-vehicle touch screen and voice commands to easily authorize payment, making it the first fuel payment connected car application in the United States. Ford owners can also use the app to check how much fuel is left in the tank when they are away from their car, allowing them to better plan their day.

In addition, Apple owners can now use the Speedpass+ app on their Apple Watch. With just a few clicks on the watch, consumers can select their pump and authorize payment. “We are always looking for ways to give Exxon and Mobil consumers a safe, clean, convenient, and quick way to fill up, and mobile payments are helping us to redefine the consumer shopping experience at the pump,” said Bergeron.

ExxonMobil is introducing several other new updates to the Speedpass+ app, including the option to use the new Apply and Buy feature in the app to apply for an ExxonMobil Smart Card™, a private label credit card issued by Citibank, N.A. Once an application is approved, the card will be automatically added as a payment option within the app for the consumer to begin using. For a limited time, new accounts will receive a savings of 20 cents per gallon for the first two months, then six cents on every gallon after that.

These Smart Card saving benefits can also be combined with points earned through the Plenti Loyalty Program. To earn Plenti points with each Speedpass+ transaction, consumers can simply link their Plenti account with their Speedpass+ account. And for consumers who don’t yet have a Plenti account, they can sign up from within the Speedpass+ app to begin earning points immediately.

ExxonMobil has been extremely active among major gasoline retailers to integrate customer features such as payments, loyalty, and mobile technology at their stations. The connected car and wearables only adds to the possibilities. Now if they can only come up with robotic systems to pump the gas. Oh—that’s right—we’ll all be driving electric cars by then.

Overview by Raymond Pucci, Associate Director, Research Services at Mercator Advisory Group

Read the full story here

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