First publishedon www.ITSInternational.com
US-based connected vehicle services company Automatic has acquired toll payment platform provider PayTollo.
PayTollo’s GPS toll recognition technology algorithm and user interface allows a driver to be notified, verified and charged for toll crossings. The mobile app is expected to assist toll authorities in transitioning to all-electronic tolling by reducing costs and the time needed to collect funds. It will also enable real-time verification.
Abenezer Yohalashet, the former CEO of PayTollo and now head of tolling for Automatic, says the partnership will accelerate the growth of PayTollo and provide a tolling solution for drivers more quickly across the country.
The deal will allow Automatic, a SiriusXM, company, to expand its driver services which include crash alert, roadside assistance, real-time vehicle location and monitoring and sharing, vehicle health and performance monitoring, recall notifications and service reminders
According to SiriusXM, these services are enabled by Automatic’s adapter and mobile application which allow most vehicles from 1996 or later to become connected vehicles.