IBM and Visa want to pay from your car

NEW YORK--Are you ready to turn your car, washing machine or running shoes into a point of sale? Visa is teaming up with IBM Watson to bring secure payment experiences to all sorts of connected products and services, embracing the ecosystem techies inelegantly refer to as the Internet of Things. IBM and Visa announced the collaboration Thursday at an event in Munich, Germany, where IBM is opening up a $200 million Watson Internet of Things headquarters. Via the partnership, the companies say they can support payments and commerce on virtually any of the 20 billion connected devices that Gartner estimates to be part of the global economy by 2020. "What we've seen over the last 12 months is serious companies committing serious business to IoT," says Brett Greenstein, vice president for IBM Watson IoT. Watson is IBM's cognitive computing platform, which leverages natural language processing and machine learning to learn from and extract patterns and meaning from mounds of unstructured data, from health care to sports.