Only a couple days following the launch of a dealer-driven program, Automatic made an acquisition designed to broaden its service offering further.
The SiriusXM company that can bring the power of connectivity to most vehicles on the road on Thursday announced the acquisition of PayTollo, a mobile payment platform for toll roads and bridges that can give both drivers and toll authorities a streamlined payment option.
PayTollo’s GPS toll recognition technology algorithm and user interface can deliver the ability to notify, verify and charge a user for toll crossings. PayTollo is currently an accepted payment option for tolls in Florida and California.
PayTollo is designed to simplify the tolling experience, from paying tolls across different toll roads and bridges to account management and billing, all through the use of the PayTollo mobile app.
For toll authorities transitioning to all-electronic tolling, PayTollo can reduce costs, time needed to collect funds, DMV look-ups, billed invoices and enable real-time verification.
“The acquisition of PayTollo is exciting for Automatic as we continue to expand our consumer convenience and safety offerings,” said Joe Verbrugge, executive vice president and general manager of emerging business for SiriusXM.
“PayTollo provides a convenient service for drivers and authorities alike,” Verbrugge continued. “We believe it will fit nicely within the Automatic platform as we add new features and services for our customers.”
PayTollo complements Automatic’s consumer convenience and safety services.
“PayTollo is thrilled to be under the Automatic umbrella,” said Abenezer Yohalashet, the former chief executive officer of PayTollo and now director and head of Tolling for Automatic.
“The synergy between connected vehicle services and toll payment are considerable and together, SiriusXM, Automatic and PayTollo will accelerate the growth of our platform and enable us to more quickly offer tolling solutions to drivers across the country,” Yohalashet went on to say.
With Automatic’s install-it-yourself adapter and consumer friendly mobile application, most vehicles model year 1996 or later can be transformed into connected vehicles, giving drivers access to important services like Crash Alert, roadside assistance, real-time vehicle location monitoring and sharing, vehicle health and performance monitoring, recall notifications and service reminders and now tolling.
For more information on Automatic, visit . For more information on PayTollo, visit .