Home Small business financing The future of the automotive industry includes software, more

The future of the automotive industry includes software, more


In today’s connected economy, Ford Motors executive says software, services and shared mobility offer “the most revenue-exciting type of land grab” since the Model T. , Meta is adding a new “Calls” tab to Messenger as audio and video call volume jumps 40%, while Apple and Square work together on Tap to Pay for the iPhone.

Ford CEO: The future of the auto industry lies in software, services and shared mobility

According to Jim Farley, CEO of Ford Motor Company, an increasing share of automotive industry revenue will come from software, services and shared mobility. Software has become the key feature that differentiates an automaker from its competitors, and it’s often something automakers can charge extra for, Farley said at the Bernstein Strategic Decisions conference.

Meta adds ‘Calls’ tab as Messenger calls increase by 40%

With the increase in audio and video calls on its Messenger app, Meta Platforms has added a new “Calls” tab to the function bar at the bottom of the app. The addition comes as Messenger sees a rapid increase in the use of video and audio calls, with 40% more users making calls from the app compared to the start of 2020. Over 300 million audio calls and video streamed using Messenger each day.

Square is working with Apple to enable touch to pay on iPhones in the point of sale

Square and Apple are working together to enable Tap to Pay on iPhones using new technology that gives sellers greater flexibility at checkout. The latest technology add-on will also give sellers an on-ramp to the Square ecosystem at checkout, while a number of sellers can now test out the Square integration through the company’s early access program. Tap to Pay on iPhone uses Apple’s contactless payment acceptance capability within the Square point-of-sale (POS) app. Sellers will be able to use the tool to make in-person contactless payments using only an iPhone and Square’s POS app.

Transcard’s SMART Hub Payments Collaborate with Sage Intacct

Payment and data technology platform Transcard is integrating its SMART Hub payment portal as part of a collaboration with cloud-based management and financial services company Sage Intacct. The integration is designed to streamline the process of making and receiving payments while eliminating complexity. SMART Hub eliminates the need for Sage Intacct users to create and pre-fund new bank accounts to make or receive payments.



About: PYMNTS’ survey of 2,094 consumers for The Tailored Shopping Experience report, a collaboration with Elastic Path, shows where merchants are succeeding and where they need to up their game to deliver a personalized shopping experience.