The Internet of Things—the concept that people’s everyday items and devices communicate with each other via the internet—affects “every single industry,” CSCU’s Tom Davis tells the CUNA News Podcast.

Connected devices are everywhere, including clothing and gardens, says Davis, CSCU’s senior vice president of finance and technology.

And because many of these smart devices don't have tangible user interfaces—as is the case with popular smart home devices from Amazon and Google—any transactions through them are mostly invisible.

For example, think about ordering a pizza with the Amazon Echo.

The consumer doesn’t reach for a card or enter a security code. Echo processes the order with a voice command.

While payment options are still being folded into the world of connected devices, expect that to become much more commonplace in the next few years, Davis says.

You can listen and subscribe to the CUNA News Podcast in Apple’s iTunes Store, Google Play, and Stitcher Radio.