AEye (NASDAQ:LIDR – Get Rating) and Lear (NYSE:LEA – Get Rating) are both auto/tires/trucks companies, but which is the superior business? We will contrast the two companies based on the strength of their valuation, earnings, profitability, dividends, analyst recommendations, risk and institutional ownership. Risk and Volatility AEye has a beta of 1.8, indicating that its […]
Garrett Motion (NYSE:GTX – Get Rating) and Lear (NYSE:LEA – Get Rating) are both auto/tires/trucks companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, dividends, institutional ownership, earnings, analyst recommendations, valuation and risk. Volatility and Risk Garrett Motion has a beta of 1.94, indicating […]
US inches toward payments modernization while China races ahead
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A wave of digital transformation has swept the world during the past year, driven by a global pandemic and wholesale adoption of cloud-connected tools. But there’s little sign of all that change when you try to do something as seemingly simple as buying something in a store.
As many a shopper can attest, paying for goods in a U.S. store with a credit or debit card may still require picking up a digital pen and awkwardly scratching out a signature on a point-of-sale keypad screen, technology that’s decades old. Has the latest wave of digital modernization missed the payments business?
CITGO Forms New Partnership to Enable In-Vehicle Fuel Transactions
HOUSTON CITGO Petroleum Corp. and connected car software provider Xevo are teaming up to connect consumers with more than 4,500 CITGO-branded retail locations through an in-vehicle CITGO app.
Powered by the Xevo Market mobile commerce platform, the app enables consumers to interact with popular brands through embedded ordering and transactions via the in-vehicle touchscreen. Giving consumers the option to pay for fuel through their connected car simplifies the purchasing process so our customers can get on their way. Our partnership with Xevo is a critical component in making this vision a reality, said Kevin Kinney, general manager of Brand Equity for CITGO.
In-vehicle payments will hit $1bn by 2023: Gartner
DUBAI, December 22, 2020 Transaction payments made through a vehicle will total $1 billion by 2023, up from less than $100 million in 2020, said global leading research and advisory firm Gartner in a new report. In addition to making in-vehicle payments through a cloud platform that connects to the car, car drivers will be able to use a third-party app mirrored on the screen from their phones or through a smart wallet based on blockchain, which lets drivers earn cryptocurrency which can be used for in-car purchases, or through a digital wallet built into the car, Gartner added in the report titled “Predicts 2021: Automotive and Smart Mobility”.