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Monday, 17 January 2022 14:41

Ford-Stripe Agreement to Accelerate Easy Payment Experiences for Customers, Dealers

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Ford Motor Company and Stripe have signed a five-year agreement to scale the automaker’s e-commerce capabilities faster and to deliver an always-on experience for Ford and Lincoln customers.

“We have been working with Ford to reimagine 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.

 

Together, Stripe and Ford will grow the online payments infrastructure serving customers and dealers in markets across North America and Europe. Their work will deliver enhanced, reliable online commerce experiences for users, dealers and the company. Stripe also will enable Ford Pro FinSimple solutions for commercial customers.

 

With products like 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.

 

“As part of the Ford+ plan for growth and value creation, we are making strategic decisions about where to bring in providers with robust expertise and where to build the differentiated, always-on experiences our customers will value,” Harris said. “Stripe has developed strong expertise in user experiences that will help provide easy, intuitive and secure payment processes for our customers.”

 

As Ford develops e-commerce offerings across the product and service spectrum, Stripe’s platform will be a key part of the tech stack. For Ford and Lincoln dealers offering digital payment services today, Stripe’s service is expected to...


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