Monday , December 11, 2023

Stripe Supports Lotus Online Auto Sales; Fiserv Moves to the NYSE

British automaker Lotus Cars Ltd. has selected Stripe Inc. as the processor for its direct-to-consumer sales in Europe. The deal will enable consumers to configure, order, and pay for cars online.

Consumers can use such payment methods as Apple Pay, Google Pay, and bank transfers. Lotus will be able to expand its payment options in the future as it sees fit, according to the parties. The automaker will begin offering the payment service for sales of Eletre, its electric sport utility vehicle.

In addition to tapping Stripe for payment processing, Lotus will deploy Stripe Identity, an identity-verification app that uses biometric identifiers to match the photos of a consumer’s face with their photo on an ID, such as a driver’s license.

“Customers expect a flawless experience, not just from the car itself, but from the whole purchase journey,” Mike Johnstone, chief commercial officer for Lotus, says in a statement. “We’re pleased to partner with Stripe as its products become an important part of that journey to help us build trust with our global customer base.”

In related news, the payments giant Fiserv Inc. is transferring the listing of its common stock to the New York Stock Exchange from the NASDAQ, effective June 7. The Brookfield, Wis.-based processor will be listed on the NYSE under the ticker FI, though its stock will continue to trade on the NASDAQ until the transfer is complete.

Referring to his company as “an original fintech,” Fiserv chairman and chief executive Frank Bisignano said, “We are grateful for the partnership and support that the NASDAQ has provided to us over our many years with them.” Fiserv has been a public company since 1986.

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