How can an EV, robot or drone pay for charging on its own?
An electric vehicle, robot or drone can pay for its own charging when it has a hardware identity and authority from its owner to pay within set rules. MFAM (Machine Financial Authority Module) by Modern Pay Engine (MPE) is designed to give a machine both, with every payment designed to be made from the owner's own account.
Once machines can move value, two questions matter: who are they, and who sets their limits? MFAM, the Machine Financial Authority Module by Modern Pay Engine, is designed to give each satellite, ship or robot its own hardware identity and the authority to pay within its owner's rules, from the owner's own account. Patent pending, working today.
Why charging needs machine payments
Battery powered machines charge often, sometimes at places their owner has never been. If a person has to approve every session, the machine can't really work on its own. It needs to prove who it is and show it is allowed to pay.
Identity: the machine proves who it is
The machine's identity and signing key are designed to live on the MFAM chip and are designed never to leave the hardware. A charger can check that the request comes from that exact machine, not a copy.
Authority: the owner sets the limits
The owner signs the rules: how much the machine may spend, which payees it may pay, and for what. MFAM is designed to initiate and sign only the payments that fit the owner's signed rules.
How a charging payment works
- The machine's systems request payment for a charging session.
- MFAM is designed to initiate and sign only the payments that fit the owner's signed rules.
- Payment is designed to be made from the owner's own account. MPE never holds funds.
- Each payment is designed to be kept in one tamper-evident record the owner can review.
Who it is designed for
- Electric vehicles and fleets that charge away from home base.
- Robots in warehouses, farms or work sites that dock and charge between tasks.
- Drones that land at charging points along a route.
Status
Patent pending, working today.
Modern Pay Engine (MPE) is MPE Solutions, Inc, at modernpayengine.com. On this site, MFAM always means MPE's Machine Financial Authority Module.
What is MFAM? · Hardware identity for machine payments · Ships and satellites · Machines
Questions
Can an electric vehicle pay for its own charging?
MFAM is designed to let an electric vehicle pay for charging on its own. The vehicle's systems request the payment. MFAM is designed to initiate and sign only the payments that fit the owner's signed rules, and payment is designed to be made from the owner's own account. Patent pending, working today.
How can a robot or drone pay for charging without a person approving it?
MFAM is designed to give each robot or drone its own hardware identity and owner-set payment authority, so it can pay for a charging session within its owner's rules without a person approving each one.
Who controls how much a machine can spend on charging?
The owner. The owner signs the rules, including limits, payees and categories. MFAM is designed to initiate and sign only the payments that fit the owner's signed rules.
Does MPE hold the money for machine charging?
No. MPE never holds funds. MFAM is designed to pay from the owner's own account.
Is MFAM available today?
MFAM is patent pending, working today.
Talk to us.
Tell us what the machine may pay, and within which limits.