CES 2017: The IoT and payments merge

Jan. 12, 2017 | by Will Hernandez

The general theme from last year's annual Consumer Electronics Show was that the Internet of Things was becoming more of a reality everyday.

At this year's edition of the show, the 50th anniversary, we've seen how the IoT has become a part of everyday life for some, especially as consumers get a small taste of it with Amazon's Echo devices.

Still, we have a ways to go before the IoT is everywhere. But that day will soon be upon us. 

Samsung vows to include some kind of IoT component in all its products this year. Car manufacturers will include Alexa, the cloud-based voice service that powers Echo devices, in some of its vehicles. Homes continue to become "smarter" thanks to various devices and something like Echo can tie those all together. 

One interesting aspect of all this is how payments fits in with the IoT.

Samsung said Samsung Pay will be integrated into the IoT mix going forward. Honda and Visa demonstrated in-car payments at CES. Consumers already can order a Lyft via Echo devices.

The future is getting interesting. 



Topics: Contactless / NFC, Handsets / Devices, POS, Trends / Statistics



Will Hernandez
Will Hernandez has 14 years of experience ranging from newspapers to wire services and trade publications. Before becoming Editor of MobilePaymentsToday.com, he spent two years as the content manager for PaymentsJournal.com, a leading payments industry news aggregator and information hub published by Mercator Advisory Group. Will spent four years covering the payments industry as an associate editor for multiple publications in SourceMedia's Payments Group based in Chicago. View Will Hernandez's profile on LinkedIn

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