What's New in Payments

One in four Europeans ready to make payments with a wearable device

Over 175 million Europeans ready to pay with wearable devices — Mastercard — “Overwhelming success of contactless cards peaks shopper demand for wearable payments… One quarter (24%) of Europeans expect to start using ‘tap and go’ contactless payments with a smartwatch, bracelet, keyring or other forms of wearable payments.”


What's New in Payments

Commonwealth Bank of Australia adds support for Samsung Pay

Samsung Pay now available for Commonwealth Bank customers — Commonwealth Bank of Australia — “Commonwealth Bank customers will now have access to Samsung’s contactless payments platform, Samsung Pay… Today’s announcement follows CBA’s partnership with Google in November to offer Android Pay on compatible devices at almost 800,000 stores across Australia. CBA customers have also been able to make payments on the go with Fitbit and Garmin’s new payment-enabled smartwatches.”


NFC World

Garmin picks NXP chip for wearable payments

NXP and Garmin team up to bring secure and convenient NFC mobile payments to new fitness wearables — NXP — PARTNER NEWS — “[Garmin] has chosen NXP’s PN80T embedded secure element and NFC solution… ‘In collaborating with NXP, we can better provide the ultimate on-the-go lifestyle to our customers,’ said Dan Bartel, Garmin vice president of worldwide sales. ‘This technology, featured on the Vivoactive 3 and Forerunner 645 Music, enables customers to leave their cash and credit cards at home and securely make purchases where NFC payments are accepted.’”


What's New in Payments

GlobalPlatform explains the role of standards in an increasingly diversified payments landscape

Cover: Standardizing the future of payments in an increasingly diversified world

The increasing diversity of devices, services and players in the mobile payments ecosystem has led to the need for standards and certification to manage fragmentation, prevent fraud and ensure consistent user experience, GlobalPlatform’s Gil Bernabeu explains in a new paper now available to download from the NFC World Knowledge Centre... More


What's New in Payments

ANZ reports surge in mobile wallet transaction volumes

Mobile wallet spending surges over holiday period — ANZ Bluenotes — “ANZ data show a significant rise in the volume of mobile wallet transactions in December 2017, up 140% on the previous corresponding period… In December ANZ customers favoured their smartphones and wearables for 4.5% of all transactions, compared with 2% for the same time last year. ANZ data show mobile wallet transactions reached 3.9m in December, compared with 1.6m in the same month in 2016.”



What's New in Payments

ABN Amro to test contactless payment rings, watches, bracelets and keyrings

ABN Amro clients invited to test new wearables as payment method — ABN Amro — “ABN Amro is taking the next step in testing new wearables as a payment method with 500 of its clients. After prior successful internal tests in 2017, clients can now experience what it’s like to make contactless payments with a ring, watch, bracelet or keyring. ABN Amro is the first bank to enable worldwide payment with a wearable that’s linked to a current account. As from today, sign-ups are open for clients to participate in a four-month pilot.”


NFC World

L’Oréal embeds NFC in UV sensing thumbnail patch

L’Oréal advances its commitment to promoting sun safety with La Roche-Posay UV Sense, the first battery-free wearable electronic UV sensor — L’Oréal — “The wearable is less than two millimeters thick, nine millimeters in diameter and designed to be worn for up to two weeks on the thumbnail… Powered by the user’s mobile phone and activated by UVA and UVB rays, UV Sense is the first wearable electronic UV sensor powered without a battery.”


What's New in Payments

Bankwest offers customers a contactless payment ring

Bankwest Halo: Make simpler, faster payments with our wearable payment ring. — Bankwest — “Bankwest Halo is the latest in wearable payment tech. It works exactly like your contactless cards, just grab the things you need, fist-bump the terminal and go… Your personalised ring has a payment device fee of A$39 which is payable for its manufacture, use and setup… There is no fee to register your interest or to receive your free sizing kit.”



NFC World

Men’s Health gives positive review to Gymkit with NFC

Apple’s GymKit launches today, promises additional, super accurate gym data — Men’s Health — “A quick boink of the watch near the near field communication port and one tap of the Watch to confirm you want to workout, you’re off. Adjust the pitch of the treadmill and you’ll see your feet climbed rise on the Watch. The real-time, two-way data exchange is impressive, and your equipment workout data will get logged directly into Apple’s Health app, so you can deploy it later as you deem fit.”


NFC World

First US gym adds support for Apple Watch NFC pairing with exercise machines

Apple Watch GymKit syncing arrives in exactly one US gym — Engadget — “GymKit syncing on the Apple Watch technically arrived with watchOS 4.1, but there’s been one main obstacle to using it: Actually finding a gym that supports it. Only one fitness center each in Australia and the UK have enabled it so far… One solitary gym in New York City, Life Time Athletic at Sky, now has 13 GymKit-capable machines (including treadmills, bikes, ellipticals and stair steppers) that will pair with your smartwatch.”


NFC World

World’s thinnest smartwatch to include support for multiple NFC services

Fidesmo and Haikara collaborate on the future of smartwatches — Fidesmo — “Haikara is the world’s thinnest smartwatch that lasts for up to a week on one charge. It allows you to change your watch face to match your outfit and mood, and it looks great on your wrist. By using Fidesmo’s platform Haikara will enable their customers to pay, access their office building or use public transport.”




Researchers build ID data into smart clothing

How to store information in your clothes invisibly, without electronics — University of Washington — “Most people today combine conductive thread — embroidery thread that can carry an electrical current — with other types of electronics to create outfits, stuffed animals or accessories that light up or communicate… The UW researchers realized that this off-the-shelf conductive thread also has magnetic properties that can be manipulated to store either digital data or visual information like letters or numbers. This data can be read by a magnetometer, an inexpensive instrument that measures the direction and strength of magnetic fields and is embedded in most smartphones.”


What's New in Payments

Brazilian fintech Trigg offers wearable payments bracelet to cardholders

Trigg launches a bracelet that works like a credit card — Visa Brazil (Translation) — “The bracelet is elastic silicone, waterproof and was designed for an audience that wants a payment method that speeds up the shopping process and can be used during sports activities, while enjoying a swim on the beach, paying for a manicure or even while enjoying a show, without worrying about needing a physical wallet.”


What's New in Payments

UK challenger bank Starling adds support for Fitbit Pay

Digital challenger bank Starling is the first to support Fitbit Pay in the UK — City AM — “Customers of digital challenger Starling will be able to pay using their Fitbit smartwatch as it becomes the first bank in the UK to support Fitbit Pay… Starling added support for Apple Pay, which works on both the Apple Watch and iPhones, over the summer and Android Pay in September.”


What's New in Payments

Westpac to offer wearable payment options to customers

Westpac reveals ‘PayWear’ wearable payment technology — Westpac — “When speaking with customers, personal style and choice were important. In fact, 70% agreed that they would only wear a wearable device if it suited their own personal style and lifestyle. This is why we will collaborate with iconic Australian designers to create a variety of wearable accessory designs to suit different tastes, preferences and styles.”


What's New in Payments

White paper sets out how fashion brands can add payments, loyalty, ticketing and more to wearable devices

Covershot: "Enabling the future of wearables: Making payments a seamless experience"

Fashion brands looking to include payments capabilities in their wearable devices need solutions that are pre-certified, inexpensive, easy to implement and offer the wearer the ability to quickly and easily add their choice of payment, transit, loyalty and identity cards throughout the lifetime of their watch or fashion accessory, wearables platform provider Fidesmo explains in a new white paper which is now available to download free of charge from the NFC World Knowledge Centre... More