The Visa ready program is expanding to include all sorts of IoT connected devices with numerous companies.
Visa just announced it will be expanding its online payment program called visa Ready. Meaning Visa will offer online payments to include Internet of Things (IoT) companies.
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All internet connected devices will now be able to make payments through the Visa Ready program. Payments will be possible from wearables, automobiles, appliances, public transportation services, clothing etc.
Visa Ready Program will give companies one seamless path. The path will integrate secure payments in different products and services. Technically Visa payments are being pushed into numerous fields.
Basically everything that can or will soon connect to the internet will be connected to Visa. According to Visa, in the future even parking will be payable from the car dashboard.
Samsung has become the first company sign up to the Visa Ready Program. Similarly Accenture, card company Coin and Fit Pay also joined suit. Chronos and Pebble have also announced they will work on secure payments.
Visa also joined hands with Honda to develop an in-car app. The app will help automate payments and currently has two demos. The first feature is concerned with refueling as it warns the driver fuel is low and directs to the nearest gas station.
The app calculates the expected cost and pays without the driver leaving the vehicle. The second feature is focused on parking in the future and all payments related to parking.
“More and more, consumers are relying on smart appliances and connected devices to make their lives easier,” said Jim McCarthy, executive vice president of innovation and strategic partnerships at Visa Inc.
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“By adding payments to these devices, we are turning virtually any Internet connection into a commerce experience – making secure payments seamless, and ultimately more accessible, to merchants and consumers.”