Payment & the Internet of Things—Linked Blog Sample
What Changes Will the Internet of Things Make to Payments?
“As we entrust more of our information and financial details to these devices, everyone has a responsibility to treat that data carefully. Consumers need to understand what will happen with their financial information when they enter it. IoT device manufacturers must build robust security and encryption into these devices.
Software and applications that use data need to authenticate identities and ensure authorization to make payments, and payment processors must ensure transactions are genuine to identify and eliminate fraud.”
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By Paul Maplesden