Ford Motor and Stripe Sign E-Commerce Deal

Ford Motor Company and Stripe have signed a five-year agreement make automaker’s e-commerce capabilities faster and to deliver an always-on experience for Ford and Lincoln customers, the companies said today in a joint-release. For Ford and Lincoln dealers offering digital payment services today, Stripe’s service is expected to drive offer efficiency into processing of e-commerce payments, such as vehicle ordering, reservations and digital and charging services.

Together, Stripe and Ford will develop the online payments infrastructure serving customers and dealers in markets across North America and Europe. They claim this  will deliver enhanced, reliable online commerce experiences for users, dealers and the company. Stripe also will enable Ford Pro FinSimple solutions for commercial customers. (Read AutoInformed on Ford Buys Electriphi to Provide Ford Pro Commercial Customers with Charging and Energy Management)

With products such as Stripe Connect, Ford will be able to scale new services that require a robust, reliable e-commerce backbone. Connect lets businesses create a platform to facilitate purchases and payments between third-party buyers and sellers. Ford will use Connect to facilitate a customer’s payments to a correct local Ford or Lincoln dealer.

For Ford and Lincoln dealers offering digital payment services today, Stripe’s service is expected to drive offer efficiency into processing of e-commerce payments, such as vehicle ordering, reservations and digital and charging services.

“We have been working with Ford to re-imagine our e-commerce payment infrastructure. Stripe’s platform will help us deliver simpler, outstanding payment experiences in any channel customers choose and scale improvements faster,” said Marion Harris, Ford Motor Credit Company CEO.