Technology Implications of Internet of Payments - ERP Spain.com - España y América Latina

Electronic payments, once the purview of a few companies, have expanded to include a variety of financial and technology companies. Internet of Payment (IoP) enables payment processing over many kinds of IoT devices and has also led to the emergence of the micro-transaction. The growth of independent payment services offering e-commerce solutions, such as Square, and the entry of new ways to pay, such as Apple Pay mean that a variety of devices and technologies also have come into wide use. Along with the rise and dispersal of the payment eco-system, more of our assets that we exchange for payment are becoming digitized as well. When digital ownership is equivalent to physical ownership, security and scrutiny of those digital platforms and methods takes a leap forward in significance. Assets and funds are now widely distributed across multiple organizations. Physical asset ownership is even being shared between many stakeholders resulting in more ownership opportunities for less investment but in a distributed way. In this talk we look at the impact of all of these new principles across multiple use cases and how it impacts not only on the consumers driving this behavior but on the underlying infrastructure that supports and enables it. We will look particularly at: •The cloud network, applications and storage implications of Internet of Payments •Use of emerging blockchain capabilities for payment histories and smart contracts •Identity and security challenges at the device in addition to point of payment •Considerations on architecting IoP solutions for future scale