IDEAS home Printed from https://ideas.repec.org/a/aza/jpss00/y2017v11i3p236-247.html
   My bibliography  Save this article

The Internet of Things and the opportunity for payments

Author

Listed:
  • Bareisis, Zilvinas

Abstract

The Internet of Things (IoT) will have a significant impact on many industries, from manufacturing to health and insurance. At first glance, the IoT’s impact on banking is less obvious. And yet, its potential for banking, and for the payments industry in particular, is significant. As devices and entire platforms (eg cars) connect to the internet, they become conduits for commerce transactions and require payments capability. The IoT will change how commerce and transactions are conducted, and in turn will require changes in payments. This paper analyses the impact of the IoT on payments and banking. It discusses the opportunities and challenges the IoT evolution presents to the payments industry, and provides examples of how the payments industry is preparing to capture the IoT opportunity.

Suggested Citation

  • Bareisis, Zilvinas, 2017. "The Internet of Things and the opportunity for payments," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 11(3), pages 236-247, November.
    • Handle: RePEc:aza:jpss00:y:2017:v:11:i:3:p:236-247
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/2532/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/2532/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chi-Ming Ho, 2023. "Research on interaction of innovation spillovers in the AI, Fin-Tech, and IoT industries: considering structural changes accelerated by COVID-19," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-29, December.

    More about this item

    Keywords

    Internet of Things (IoT); payments; commerce orchestration; tokenisation; authentication;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:jpss00:y:2017:v:11:i:3:p:236-247. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.