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Expert Analysis

New Issues Raised By Internet Of Things Payments

By Duane Pozza ( January 4, 2019, 4:10 PM EST) -- The internet of things is a promising platform for all sorts of consumer services — and one coming fast is IoT payments. This holiday season, for example, Amazon reported huge sales of internet-connected home devices and a jump in consumers ordering products using those same kinds of devices. The development of IoT payments will bring great benefits to consumers, but just as with the move to mobile over the last decade, companies need to carefully think through implementation. How do existing laws apply to transactions executed using a wide range of connected devices? How should companies proactively address the attendant risks?...

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