Stripe, a financial infrastructure platform for businesses,
has announced a strategic partnership with The Hertz Corporation. This
collaboration aims to transform car rental payments for Hertz, Dollar, and
Thrifty car rental brands, marking a milestone in the digital transformation of
the car rental sector.
The partnership between Stripe and Hertz will see the
consolidation of the majority of in-person and online payment volume on
Stripe’s platform, aligning with Hertz’s digital rental strategy. This move
underscores Hertz’s focus on streamlining payment processes across its
corporate-owned locations in the US, Canada, Europe, Australia, and New
Zealand.
As part of the partnership, Stripe and Hertz have developed
a shared product roadmap to address specific payment needs, including extended
authorizations for weekly or monthly rentals.
Eileen O’Mara, the Chief Revenue Officer at Stripe, Source: LinkedIn
Hertz is adapting to the changing landscape by diversifying
its car rental fleet and catering to a broader range of customer segments,
including leisure travelers, business professionals, and rideshare drivers.
With billions in revenue generated from online and in-person bookings, Hertz
recognizes the importance of embracing innovative payment solutions to stay
ahead in the competitive market.
“Customers expect fast, simple, and reliable car rentals,”
said Eileen O’Mara, the Chief Revenue Officer at Stripe. “We’re thrilled that
Stripe can help Hertz get its customers on the road more easily.”
Hertz reached an agreement with Stripe for the processing of customer payments for its global car-rental business, adding to the financial-technology firm’s roster of clients that also includes https://t.co/JHZxKhN4Fo and Uber https://t.co/QB0rLnGlfl
— Bloomberg (@business) March 7, 2024
Hertz’s Integration of Apple Pay with Stripe’s Support
Stripe
is set to reform Hertz’s payment ecosystem across various channels. In-person
bookings will be streamlined through Stripe Terminal, enabling seamless
transactions at 3,000 locations worldwide. Online reservations made on Hertz,
Dollar, and Thrifty platforms will benefit from Stripe’s high API reliability
and payment optimization tools, ensuring smooth transactions even during peak
demand. Additionally, Hertz will integrate Apple Pay for US rental
purchases, offering customers a secure and convenient payment option.
Stripe, a financial infrastructure platform for businesses,
has announced a strategic partnership with The Hertz Corporation. This
collaboration aims to transform car rental payments for Hertz, Dollar, and
Thrifty car rental brands, marking a milestone in the digital transformation of
the car rental sector.
The partnership between Stripe and Hertz will see the
consolidation of the majority of in-person and online payment volume on
Stripe’s platform, aligning with Hertz’s digital rental strategy. This move
underscores Hertz’s focus on streamlining payment processes across its
corporate-owned locations in the US, Canada, Europe, Australia, and New
Zealand.
As part of the partnership, Stripe and Hertz have developed
a shared product roadmap to address specific payment needs, including extended
authorizations for weekly or monthly rentals.
Eileen O’Mara, the Chief Revenue Officer at Stripe, Source: LinkedIn
Hertz is adapting to the changing landscape by diversifying
its car rental fleet and catering to a broader range of customer segments,
including leisure travelers, business professionals, and rideshare drivers.
With billions in revenue generated from online and in-person bookings, Hertz
recognizes the importance of embracing innovative payment solutions to stay
ahead in the competitive market.
“Customers expect fast, simple, and reliable car rentals,”
said Eileen O’Mara, the Chief Revenue Officer at Stripe. “We’re thrilled that
Stripe can help Hertz get its customers on the road more easily.”
Hertz reached an agreement with Stripe for the processing of customer payments for its global car-rental business, adding to the financial-technology firm’s roster of clients that also includes https://t.co/JHZxKhN4Fo and Uber https://t.co/QB0rLnGlfl
— Bloomberg (@business) March 7, 2024
Hertz’s Integration of Apple Pay with Stripe’s Support
Stripe
is set to reform Hertz’s payment ecosystem across various channels. In-person
bookings will be streamlined through Stripe Terminal, enabling seamless
transactions at 3,000 locations worldwide. Online reservations made on Hertz,
Dollar, and Thrifty platforms will benefit from Stripe’s high API reliability
and payment optimization tools, ensuring smooth transactions even during peak
demand. Additionally, Hertz will integrate Apple Pay for US rental
purchases, offering customers a secure and convenient payment option.
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- Source: https://www.financemagnates.com//fintech/stripe-drives-transformation-in-car-rental-payments-with-hertz-collaboration/
