What Is an IoT Payment? It’s More Nuanced Than You Think

Payment Journal | February 26, 2020

One of the biggest trends in the payments industry is the rise of the Internet of Things (IoT). In recent years, there’s been a profusion of IoT infrastructure, with billions of IoT devices coming to market around the globe. These devices collect troves of information and enable a range of helpful payment and logistical capabilities. As these devices become more ubiquitous, understanding what is and what is not an IoT payment becomes more crucial. However, the payments industry has not had a clear definition of what qualifies as an IoT payment. Until now. There is a need to better categorize and understand what an IoT payment is so that we can all keep track of the size of IoT payments as this market grows,” said Tim Sloane, VP of Payments Innovation at Mercator Advisory Group. To meet this need, Mercator Advisory Group published a comprehensive report on how the Internet of Things is influencing payments. Central to the report is a comprehensive definition of an IoT payment.

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Flexible pricing model, providing one-time payments or recurring purchases. Flexible product bundles, offering not only software but compatible hardware. Flexible service modules, rapidly deploying IoT solutions with no code/low code development.

Spotlight

Flexible pricing model, providing one-time payments or recurring purchases. Flexible product bundles, offering not only software but compatible hardware. Flexible service modules, rapidly deploying IoT solutions with no code/low code development.

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INFRASTRUCTURE

Sierra Wireless Offers Smart Connectivity Premium with eUICC Specifications

Sierra Wireless | February 01, 2023

On January 31, 2023, Sierra Wireless, one of the leading IoT solutions providers, introduced the Smart Connectivity Premium and extended coverage in the U.S. with eUICC specifications. GSMA eSIM, the specification for eUICC, designs this connectivity across the globe with various technologies. If service becomes unreachable, it will switch between networks and profiles in about 190 countries, including the three leading carrier networks in the U.S. Principal Analyst at Juniper Research, Scarlett Woodford, said, “eUICC software allows for increased flexibility in consumer and industrial use cases, with both sectors benefiting from the enhanced network coverage realized by eSIM connectivity. Within the IoT space, a connected device benefits from the same level of coverage whilst roaming as it would when connected to its local network. IoT stakeholders will benefit from the profile swap and localization abilities afforded by eSIM technology. That is, eSIMs will allow roaming devices to download local profiles, enabling logistics managers to monitor these profiles remotely.” (Source – Business Wire) Senior Vice President of Ecosystem Development at Kigen, Jean-Philippe Betoin, said, “Sierra Wireless has been a valued partner of Kigen for many years. This new offering enables customers to access more networks via Kigen eSIM, enabling future-proofed IoT managed connectivity for global applications. With industrial IoT increasingly becoming business-critical, resilient connectivity options are essential.” (Source – Business Wire) Vice President of Semtech’s IoT Connected Services Group, Ross Gray, said, “Using eUICC capabilities for expanded network access and coverage further strengthens Sierra Wireless’ global IoT managed connectivity offering for customers. Sierra Wireless’ Smart Connectivity service simplifies how customers connect and manage their deployments. With one global SIM, it accelerates IoT time-to-market, ensures resilient global coverage, maximizes uptime, reduces operational costs, and provides IoT customers with seamless expansion into new markets with access to over 600 partner networks in over 190 countries. Now, thanks to our partnerships with the leading U.S. carriers, it also offers expanded coverage in the United States as well.” (Source – Business Wire) About Sierra Wireless Sierra Wireless, a subsidiary of Semtech Company, is one of the leading IoT solution providers in the world, connecting network services, devices, and software. It offers technology solutions for wireless cellular modules, integrated embedded processing, open-source applications, 4G cloud-managed LTE routers, eSIMs, and 5G vehicle routers. It has about 200 patents in wireless technologies from about 600 partner networks. It empowers businesses with connectivity, connects devices with data, and provides real-time and accurate insights.

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ENTERPRISE IOT

TOTO Collaborates with MachineQ for IoT-enabled Smart Restrooms

TOTO | January 20, 2023

The largest plumbing company in the world, TOTO, has announced that it will work with MachineQ, a Comcast Company, to make it easier to install its Internet of Things (IoT) smart bathroom products in high-traffic public restrooms across the U.S. TOTO's partnership with MachineQ will enable the company to expand the installation of its innovative smart restroom products, such as automatic hand-dryers and soap dispensers, into areas that were previously difficult to access due to a lack of resources. The partnership will allow TOTO's smart restroom products to better solve real-world business issues for facility managers, such as reducing audits, decreasing downtime, increasing employee efficiency, and increasing consumer satisfaction with their public restroom experience. Through this collaboration, TOTO and MachineQ will be able to increase the number of smart restroom product installations in public restrooms across the United States. Hidemi Ishikawa, CEO of TOTO USA, said, "Utilizing MachineQ's fully integrated device-to-cloud platform enables TOTO to further increase the value our IoT smart restroom products provide to facility managers." He added, "With MachineQ's LoRaWAN® network, which interoperates easily with other networks, TOTO's IoT-enabled products easily integrate with facilities' smart restroom monitoring systems or building automation systems across the U.S." (Source – CISION PR Newswire) The partnership will also let TOTO connect its Internet of Things (IoT)-enabled products to intelligent restroom monitoring systems in buildings or build automation systems across the U.S. This will let facility managers keep an eye on and manage restrooms in real time. This will give them the ability to plan ahead for problems, deal with them quickly and effectively, and keep a high level of cleanliness all the time. About MachineQ MachineQ, a Comcast company, makes it easy for businesses to build, connect, and scale long-range, low-power IoT solutions. Our fully integrated network connectivity platform, which is based on LoRaWAN® technology, gives customers a single source for service, support, technology, and development, as well as better security and a lower total cost of ownership. Our partnerships with leading IoT solution providers help us solve a wide range of business problems in key industries like real estate, food service, retail, manufacturing, healthcare, utilities, government, and agriculture.

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DEVICES

Iridium's Cloud-native Networked Data Service for Satellite Internet of Things Connections

Iridium | December 28, 2022

Cloud-native networked data services offer features such as scalability, flexibility, cost efficiency, high availability, and security and are designed to be used in cloud computing environments. With breakthrough innovations such as Iridium Messaging Transport (IMT), which enables the transmission of messages between devices or systems using the Iridium satellite network, organizations can get global coverage, low latency, high reliability, and robust security. Iridium Communications has introduced a two-way cloud-native networked data service called Iridium Messaging Transport (IMT), which is designed to make it easier to add satellite connections to Internet of Things (IoT) solutions. The service is available to use over the Iridium Certus broadband service and provides an IP data transport service for small-to-moderate-sized messages, supporting satellite IoT applications. The Iridium satellite network is made up of 66 low-Earth-orbit (LEO) satellites that can reach almost everywhere on Earth, even the oceans and the poles. IMT is integrated with Iridium CloudConnect and Amazon Web Services and can reduce development costs and speed up time to market for new Iridium-connected IoT devices. The service is currently available for the Iridium Certus 100 service, with introductions for Iridium Certus 200, 350, and 700 planned for Q1 2023. Overall, Iridium's cloud-native networked data service for satellite IoT connections is a safe and reliable way for businesses to connect their IoT devices to the Internet in a wide range of places and situations. About Iridium Communications Inc Iridium is the only global mobile satellite voice and data communications network. Iridium enables real-time, global connections between individuals, organizations, and assets. Iridium, in collaboration with its ecosystem of partner organizations, offers a diverse and innovative portfolio of dependable solutions for markets that require truly global communications. In 2019, the company completed a generational upgrade of its satellite network and introduced Iridium Certus®, its new specialized broadband service. Iridium Communications Inc. is headquartered in McLean, Virginia, and its common stock trades under the symbol IRDM on the Nasdaq Global Select Market.

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