IBM & Visa Partnering Up to Connect up to 20... - Promotions News


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Promotions » IBM & Visa Partnering Up to Connect up to 20 Billion Devices to Payments

IBM & Visa Partnering Up to Connect up to 20 Billion Devices to Payments

IBM & Visa Partnering Up to Connect up to 20 Billion Devices to Payments
The content is accurate at the time of publication and is subject to change.

Have you ever wished you could make a payment from your ring, an appliance or maybe even your car? Well your wish may well come true due to a collaboration between IBM and Visa, designed to enable payments from all kinds of devices and services connected to the network that tech geniuses and those in the know call the Internet of Things (IoT). But it could also mean giving consumers more information and making their lives easier by alerting them when their running shoes are worn out or their car needs a new part.

Part of this collaboration includes the ability to leverage IBM’s Watson IoT platform – and they suggest that together they could potentially connect up to 20 billion devices that may be in play by 2020 to make payments.

IoT is literally changing the world around us, whether it’s allowing businesses to achieve unimaginable levels of efficiency or enabling a washing machine to ensure we never run out of detergent. Behind this transformation are companies like Visa and technologies like IBM’s Watson IoT platform,” said Harriet Green, general manager, IBM Watson IoT. “This combination of IBM’s industry leading IoT technologies with Visa payment services, signifies the next defining moment in commerce by allowing payments on any connected object, with new levels of simplicity and convenience for everyone.”

Outfitting up everything with IoT

The Visa and IBM’s collaboration will make paying for things easier, but IoT also has Commerce-based applications. A wireless chip could be embedded into runners’ shoes, so when their sneakers are past their prime the chip would give them a heads up. But that’s not all. It could also let them know what model would be best for them, along with giving them information on pricing and where to get them.

What about your car? It could let you know when a part is wearing out and needs replacing, or even when your warranty is up while also letting people order parts from their car, or get them a service call. Want to pay for your gas? The car might be able to do that too by directly engaging with the pump.

The payment of things

What does this partnership mean for businesses? If things go as planned they will be able to gear up their entire product lines with secure payment options, using the Token service Visa has developed. This service lets payments go through without passing on critical data, so consumers sensitive data is kept safe from hackers and cyber thieves.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Visa Invests in Helping Small Businesses Go Cashless
Visa Invests in Helping Small Businesses Go Cashless

Posted: July 20, 2017

Have you ever been to a restaurant or cafe that does not take cash? It can be a surprise, especially if you‘ve left your credit or debit card home. But this trend seems to be growing, and Visa wants to keep the momentum going, by… Continue reading

Facebook Now Part of the Visa Digital Enablement Program
Facebook Now Part of the Visa Digital Enablement Program

Posted: November 15, 2017

Doing business via social media sites, whether it’s selling merchandise or services, is gaining ground, and Facebook is taking steps to keep payment card security on point by joining the Visa Digital Enablement Program (VDEP). Continue reading

Passwords Becoming Passé
Passwords Becoming Passé

Posted: January 02, 2018

If entering a password to access your account seems like a hassle, you are not alone, according to a new study by Visa, finding that 86% of people find the idea of using biometrics to make a payment or verify their identity with a touch or… Continue reading

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, and more up to the quarterly maximum, each time you activate.
For Excellent, Good Credit
Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay
For Excellent, Good Credit
INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles. That's $600 towards travel!
For Excellent, Good Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!