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Ford signs five-year payments deal with Stripe for e-commerce drive

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A Ford F-150 pickup truck is offered for sale at a dealership on September 6, 2018 in Chicago, Illinois.

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Online payment processor Stripe has signed up Ford Motor Company as a customer, in a five-year deal aimed at bolstering the automotive giant’s e-commerce strategy.

Ford Motor Credit Company, the carmaker’s financial services arm, will use Stripe’s technology to process digital payments in markets across North America and Europe, the companies said in a statement Monday.

Stripe will handle transactions for consumer vehicle orders and reservations, as well as bundled financing options for Ford’s commercial customers. The automaker also plans to use Stripe to route…



Source cnbc.com

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