Connected cars

Rob Abrams, CEO of J.P. Morgan Mobility Payments Solutions, is overseeing the development of in-car wallet systems that turn cars into rolling credit cards. He explains his vision of what connected cars could look like and do in the future.

The concept marries digital ID to the trend toward making the car’s internet connectivity an e-commerce lane.

The brokerage expects customers will use conversational tech to check accounts and perform other financial transactions while stuck in traffic.

A combination of software, operating system and development tools can turn in-vehicle "informatainment" systems into payment gateways, according to Jim Carroll, chief technology officer at Mobica.

As connected devices expand in use and add payment capabilities, retailers and technology companies will need to move fast to stay safe and ahead of the curve.

As cars add web connectivity, the opportunity to embed payments are almost endless. It's an opportunity that's too big to ignore.