How do you connect disconnected devices?
50 billion devices will be connected to the Internet of Things by 2020. That means you will interact daily, with 7 to 10 devices that are connected to the Internet. But the real value is in getting them to talk to each other.
Putting interoperability into the Internet.
Interoperability means making complex relationships work at scale. And lack of interoperability is the challenge that faces the Internet of Things today. Your smart refrigerator knows that you are out of milk, but it doesn’t know how to order it. It also doesn’t know how to pay for it.
Decades ago, Visa tackled a similar problem. Thousands of banks were connected with millions of merchants and billions of account holders.
Leaving the fridge door open.
What happens when a malicious hacker targets your refrigerator? Where is your payment data stored? Is it safe?
Every network, no matter the goal or motivation, requires two things: interoperability and trust. Visa is committed to engaging in open dialogue about network opportunities and providing value to its partners. And it always will.