The Internet of Things (IoT) provides the capability to create a vast network of interconnected devices. With increases in bandwidth and 5G connectivity, the foundation exists for technology to simplify our lives and create seamless experiences in our homes, vehicles and lifestyles.
One area where IoT opens an opportunity is for integrated payments within devices to enable decision-making flows through response and learning-preference pattern recognition. This article will look at where this technology could be heading and what it will take to get there. Phones already have integrated payment capabilities, but other devices could also soon integrate with payment systems through APIs.