Iot

As Internet of Things solutions become more commonplace in the home, the office and the car, voice interaction is the most likely channel for the next generation of commerce.

Mastercard is setting up a temporary store with internet-connected windows and mirrors enabling consumers to explore and pay for fashion items with their smartphones.

The bank is also working with Fit Pay Inc. to allow its customers to make contactless payments with their credit or debit cards through connected devices.

The internet wasn't built to accommodate identity, which challenges initiatives to balance security with user efficiency.

Financial institutions need to take notice of this phenomenon and ramp up their payments infrastructure to support these developments, writes Chet Kamat, senior vice president of Oracle Financial Services.

The commercial potential of internet-connected devices appears bound only by imagination and comfort. For security companies, there's a similar broad horizon as watches, refrigerators and other everyday items become tools for payments.

Connected devices, mobile and new processing standards require a larger technology upgrade than the quick updates of the past, according to Rajesh Venkatraman, director of worldwide payments at IBM.

NCR Corp. says new ATM software it has placed in units at a European bank will "future proof" the machines and deliver more functions in an advancing contactless payment world.

The promise of a connected future has enormous implications for all aspects of our lives, but there are great risks along the way.

Are chip implants really any different from Apple’s Touch ID, which has convinced countless iPhone and iPad users to scan their biometric traits to make it easier to unlock their mobile devices?