Wearable payment devices are cutting edge, fast and diverse. But they are not a steady, predictable or popular consumer trend. Even so, investors see a rich opportunity to get involved in the market for wearables.
A new generation of Internet-connected vending machines could make digging for spare change and fiddling with uncooperative dollar bills a thing of the past. At a growing number of locations, customers can now pay by credit card and mobile wallet.
Mastercard has added another layer to its security for the evolving Internet of Things (IoT) with the acquisition of NuData, a Vancouver, Canada-based company whose technology analyzes biometric and behavioral patterns.