Gemalto launches contactless EMV and wearable payments in US
Digital security provider Gemalto has announced the launch of contactless EMV cards, alongside other wearable payment options, in the US.
Contactless cards are already available in the US and can be used anywhere via mobile payment options such as Apple Pay, Android Pay and Samsung Pay. Gemalto – which is already a well-established firm dealing in digital security, smart cards and tokens – has delivered more than one billion contactless cards globally during the past five...
Gemalto collaborates with RioCard for contactless transport ticketing at the Olympics
International digital security provider Gemalto has collaborated with Rio de Janeiro’s public transportation ticketing operator RioCard to implement contactless transport ticket wristbands in Brazil’s second largest city. The application of this contactless payment solution will make it easier for users to make secure payments, and will benefit them in various modes of transportation such as, bus, ferry, subway and train.
Gemalto will provide RioCard with its waterproof...
Why it’s too early to name major players in nascent wearable payments space
According to a report by MarketResearchReports.Biz, even though China is the most immediately attractive market for wearables due its proportion of potential early adopters, the wearable payments market is yet to kick into gear as most players are still zoning in on form factor and functionality.
Though Apple is the early mover with its Apple Watch that features payments capability, it is too early to ascertain which players will dominate the market as the space is set to attract a lot of...
China contactless smartwatch payment services unveiled
By the middle of 2017, China’s central bank regulation will ensure that all payment terminals will feature contactless payment. In anticipation of this development, Oberthur Technologies (OT) is collaborating with Mobvoi and China Union Pay to launch an Android smart watch that will facilitate contactless payment in China secured by OT’s embedded Secure Element.
As of September 2015, Mobvoi’s Ticwatch is the best-selling Android smart watch in China following its...
Fitbit acquires wearable tech from Coin, infers payment capability in future releases
Fitbit, the leading wearable vendor according to recent IDC figures, has announced the acquisition of wearable payment assets from financial technology provider Coin.
The firm has no plan to incorporate the technology into Fitbit’s current product roadmap, however according to a press release it “accelerates [the] ability to develop an active NFC payment solution that could be embedded into future Fitbit devices.”
“We are focused on making wearable devices...
Research: Wearable payments expected to hit $100bn by 2018
(Image Credit: iStockPhoto/Onfokus)
Many of us are expected to utilise our wearables for payments by 2018, if projections by Juniper Research are correct. The research firm expects contactless payments through wearable devices to reach $95 billion annually by 2018, up from less than $35 billion last year.
Apple’s entry into NFC gave the industry a much needed boost, and could well be seen as...
Can wearable technology unlock the marketing personalisation puzzle?
With the innovation of wearable technology facilitating the collection of in-depth personal data such as calorie intake, heart rate, exercise levels and location, now is the time for businesses to analyse how this data can be utilised in the creation of more sophisticated and personalised marketing strategies.
First and foremost, marketers should focus on the potential of wearable technology in creating ‘hyper-convenience’ for the consumer. Streamlining the customer journey...
MasterCard and Coin pair up for payments on smartwatches and fitness bands
MasterCard and Coin have announced a partnership to add MasterCard payments to a number of smartwatches, fitness bands and wearable devices.
The collaboration adds on to an announcement by MasterCard in October 2015 that introduced the Commerce for Every Device programme. This programme aims at enabling payments via any consumer gadget, wearable or accessory.
Under the partnership, Coin will provide the software and hardware to be integrated with the MasterCard Digital Enablement Service...
New MasterCard program facilitates secure payments from any connected device
It goes without saying that the Internet of Things is set to revolutionise the manner in which consumers interact and transact; now, MasterCard is now looking to make its mark in the IoT with a new program that is set to facilitate payments from consumer-owned connected...
Opinion: HTC's upcoming 'Halfbeak' smartwatch could be the stand-out Android Wear device
(Image Credit: HTC)
Earlier in the week I posted my concern at the lack of Android Wear devices which could support mobile payments in the future – due to a lack of NFC – leaving an open goal for the Apple Watch and Samsung's upcoming Tizen-based Gear S2 smartwatch.
One manufacturer which has been completely absent from the smartwatch race thus far is HTC; despite being named as an OEM for...
Opinion: Lack of NFC gives Android Wear a problem
NFC is a technology which Android users have bragged about having access to over iOS for years – but now some manufacturers of Google-based devices have abandoned it whilst Apple has embraced it with success for mobile payments.
Google Wallet launched in May 2011 as a disjointed service which had little support due to a shaky relationship with retailers and banks after Google wanted details of transactions stored for its advertising business. Apple, meanwhile, as a hardware business...
Opinion: Samsung's Gear S2 faces hurdles away from Android Wear
(Image Credit: Samsung Mobile)
When it comes to design - both hardware and software - there's little dispute that Samsung's Gear S2 has upped the game with its unique rotating bezel and UX. It's even attracted legendary Italian designer Alessandro Mendini. However, it's become clear the Korean giant has some hurdles to overcome when it comes to software and services.
The issue lies...
What does Apple Pay mean for the future of the Apple Watch?
The launch of the Apple Pay service in the UK earlier this week, where users can pay for services by simply tapping their smartphone or smartwatch, caused the technology media to go into meltdown – a bit like any other Apple-related event.
Reaction was generally optimistic, although there were a few bugbears. After compatibility with Transport for London (TfL) was announced, the local government body warned commuters could be liable for penalty fines for three reasons: if a...
Barclays aims to challenge Apple and move contactless payments to wearables
Picture credit: Barclays
When ApplePay arrived on the scene – expected to hit the UK in July – offering users the comfort of using their iPhone 6 and Apple Watch to pay in shops and apps, it appeared a straightforward partnership opportunity for banks.
Barclays, however, is going down a different route, and is launching three “wearable” devices that can be used to make payments at 300,000 locations across the UK; a wristband, a fob, and a sticker. The bPay wristband was originally...
Two in three users will make a purchase on a wearable device: Analysing the strategic play
Marketers and retailers beware: advertising and m-commerce on wearable devices is on its way, and consumers are looking to embrace this next step.
According to survey data from e-commerce provider Avangate released earlier this week, 64% of the 1000 consumers questioned said they were willing to make a purchase on a wearable device. Take into account the figures...