Ford Motor Company has signed a five-year agreement with financial services company Stripe to scale its global e-commerce capabilities.
Ford will use Stripe’s online payments infrastructure to deliver faster and more reliable online commerce experiences for Ford customers and dealers.
Stripe, founded by Irish brothers Patrick and John Collison, will offer Ford products like Stripe Connect, which 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 dealer. Stripe will also enable Ford Pro FinSimple solutions for commercial customers.
Marion Harris, Ford Motor Credit Company CEO said: “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.
“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.
“Stripe has developed strong expertise in user experiences that will help provide easy, intuitive and secure payment processes for our customers.”
Rollout of Stripe technology is expected to begin in the second half of 2022, starting in North America, before expanding to EMEA, including Ireland and the UK afterward.