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April 13, 2022

On the wires

June 14, 2021

On the web

Timex Launches Wearable Payments With Chase, Visa and Tappy


“Timex Group has officially launched a range of watches and watch straps that let the wearer make tokenized payments at any merchant equipped to accept Visa contactless payments. The new Timex Pay collection includes a range of watches that each come with a contactless payment chip embedded into the strap. A selection of leather, fabric and silicone watch straps that can be used to add Timex Pay to an existing watch is also available, either direct from Timex or from Amazon . Owners use a Timex Pay branded mobile app and a Timex Pay clip, both developed by Tappy Technologies , to add a tokenized version of an existing payment card to their new watch or strap.”

May 28, 2021

On the web

Smart Rings Seen as New Frontier for Cashless Payments


“As retailers around the world seek ways to make it easier for consumers to shop seamlessly without touching anything, one company in Japan is betting its technology can rule them all: a smart ring that can act as a wallet and a key. MTG Co. , a Japanese health and beauty company, has started selling the “Evering,” which it envisions as a one-stop digital wallet. The chip-embedded ring, made out of zirconia, the synthetic crystal that’s sometimes used in place of diamonds in jewelry, lets people lock their door as they step out for a run as well as pay for drinks in stores.”

April 14, 2021

On the wires

Fidesmo and ISBC Reach Millions of Potential Users in Russia

“Fidesmo enters Russia together with the company ISBC and reaches millions of potential users as eight leading Russian banks now offer the wearable payment service Fidesmo Pay.  The Swedish tech company continues to expand its payment service Fidesmo Pay and today enters Russia together with ISBC, which specializes in RFID devices, and eight* leading banks, all issuing Mastercard cards. Fidesmo Pay enables the banks to offer their customers a more convenient and secure way to make contactless payments, by letting them tokenize their payment card onto a wearable of their own choice.”

November 16, 2020

On the web

McLEAR Launches Ringpay Payment Ring With Member Benefits and Donation Capabilities

The Fintech Times

“RingPay by McLEAR makes payments fast, secure, and invisible with wearable technology. Users can make contactless payments of up to £45 and top up their ring by adding their preferred credit or debit card onto the RingPay app. The app allows users to track their spending in real-time, control their budgets, set automatic top-ups, respect physical distancing guidelines, and in case of loss, instantly freeze their Ring.”

December 12, 2019

On the wires

December 2, 2019

On the web

Wearable Payments Are Taking Off Across Europe: Eightfold Increase in Transactions in Just a Year

Europe Hub

“The use of passive wearable devices for payments is continuing to take off in Europe, as consumers quickly and easily integrate this relatively new payment method into their daily lives. This year’s wearable transaction figures, in comparision to 2018, showed an eightfold increase. This trend has been widely adopted over Europe as payment-enabled wearables are already available in 26 EU countries, offering over 30 different devices. In Europe, the Netherlands is at the forefront when it comes to wearable payments. A third (33%) of all wearable transactions in 2019 came from the Netherlands, followed by the United Kingdom (18%), Switzerland (8%) and Russia (7%). This includes both active wearables (with a battery) and passive wearables (without a battery), such as bracelets, rings and regular watches.”

November 7, 2019

On the wires

Mastercard Partners With Tappy Technologies to Embed Payment Functionality Into Fashion Wearables

“Tappy’s patented contactless payment chips can be embedded into virtually any fashion accessory, transforming them into payment-enabled wearables. By partnering with Mastercard, Tappy can integrate its technology platform with Mastercard Digital Enablement Service (MDES) to tokenize payment credentials when consumers use their mechanical or digital watch or wearable to make a purchase at any merchant that accepts Mastercard contactless payments.”

January 18, 2019

On the web

January 15, 2019

On the web

ABN Amro rolls out wearable payments on rings, watches and bracelets

NFC World

“Customers of Dutch bank ABN Amro can now connect a wide range of Mastercard-certified wearables to their bank account and use them to make both standard, low value contactless payments and also, by entering a PIN at the point of sale, higher value transactions beyond the contactless limit as well. ABN Amro is the first bank in the world to offer wearables that let customers make high value payments at the point-of-sale by using a PIN, the bank says.”

January 10, 2019

On the web

January 8, 2019

On the web

Motiv is bringing NFC-based payments to its fitness ring


Announced way back at CES 2016, Motiv’s fitness ring was surprisingly capable and accurate for its tiny form factor. Earlier this year, the startup promised to bring even more functionality to the finger, starting with biometric authentication that uses a wearer’s gait to unlock devices. This year at the show, the company’s got a handful of additional new features to showoff. Most interesting among them is upcoming addition of mobile payments, via NFC. “

January 2, 2019

On the web

October 8, 2018

On the web

Wearable payments: A gimmick that might take off


“Although the tap-and-go function is heavily utilised in Australia, less than 1 percent of contactless payments are conducted via mobile or wearable means. But that hasn’t stopped Australian financial institutions trying to make wearable payment options a “thing”. The Commonwealth Bank of Australia (CBA) allows payments via Garmin smartwatches and its New Zealand subsidiary ASB Bank offers payments using the Fitbit Ionic. Similarly, Australia and New Zealand Banking Group (ANZ) also offers the Fitbit payments solution, while the National Australia Bank (NAB) offers both Fitbit and Garmin pay.”

October 3, 2018

On the wires

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