The jury may still be out on the usefulness of the Internet of Things, but payments giant Visa is 100 percent sure that it doesn’t want to miss out. Today, it announced plans to push Visa payments into numerous fields. We’re talking “wearables, automobiles, appliances, public transportation services, clothing, and almost any other connected device” — basically anything that can or will soon connect to the internet.
Visa imagines a future where you’ll be able to pay for parking from your car dashboard or order a grocery delivery from your fridge. It makes sense, then, that Samsung is one of the first companies to sign up to the Visa Ready Program, alongside Accenture, universal payment card company Coin and Fit Pay. Chronos and Pebble are also working to integrate secure payments inside their devices.
To show off the technology, which works with any credit card, Visa or otherwise, the company has teamed up with Honda to develop an in-car app that helps automate payments. Right now they have two demos, the first of which concerns refueling. It warns the driver when their fuel level is low and directs them to the nearest gas station. Once the car arrives at the pump, the app calculates the expected cost and allows the driver to pay for the fuel without having to leave the vehicle.
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