How Mastercard is preparing for contextual commerce

Ed McLaughlin foresees a future of frictionless commerce in which cars pay for gas and parking, video game systems order more games and printers order paper and ink. As Mastercard's Ed McLaughlin, president of operations and technology, Mastercardsees it, everyday devices equipped with sensors will increasingly make payments based on their surroundings."Every one of these connected devices is a commerce device," McLaughlin told CIO.com from the sidelines of the CIO100 Symposium recently. "W