Payments News

On The Web

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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

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.”
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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

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 […]

On The Wires

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