Payments News

On The Web

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Tech

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 […]
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Tech

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 […]
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Tech

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

“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 […]
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Tech

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

“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 […]
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Tech

Wirecard on time for Swatch watch payments

“Wirecard has signed a cooperation agreement with watch manufacturer Swatch for “SwatchPAY!”, a solution by which wrist watches will incorporate digital, contactless payment solutions in Switzerland and later throughout Europe.”

On The Wires

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Tech

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 […]