Register for The Paypers news Follow The Paypers on LinkedIn! Follow The Paypers on Twitter! Follow The Paypers on Facebook! Follow The Paypers on Google+!
The Paypers, paypers, Insight in payments, News, Reports, Events
Digital Identity, Security & Online Fraud

IBM connects Watson IoT platform with Visa to open up commerce

Friday 17 February 2017 | 02:28 PM CET

IBM has teamed up with Visa to connect its Watson IoT platform with Visa` token technology to allow devices to conduct commerce on users` behalf.

As part of the deal, both companies will deploy a token sharing architecture that ties a device that is managed by IBM’s cloud infrastructure. Visa's Token Service gives information found on payment cards a unique digital identifier. IBM's IoT cloud would manage these tokens and connect them to devices.

In Visa and IBM's vision of commerce, various endpoints would be authorized to buy goods. An example would be a device in the supply chain that allocates a purchase to the correct cost centre within a company. Among other industries and users that could benefit from this partnership, we mention automobiles and appliances, printers and copiers would be obvious markets, as would small business needs.

While this partnership is not yielding customer facing technology yet, both companies see new business models emerging. IBM's Watson IoT unit is aiming to provide access to as many as 20 billion devices for Visa over the next five years, according to ZDnet.

Print | Contact editor | Mail
© 2017 The Paypers
More: Abstract | Link