News stories featuring Fitpay:
October 25th, 2016
Mastercard has announced a partnership with wearable payments platform provider Fit Pay to bring contactless payments to wearables and internet of things devices. The payments giant says the companies will integrate the Fit Pay platform with the MasterCard Digital Enablement Service, and work with Wearatec and other device manufacturers to develop a “variety of secure contactless payments-enabled devices”. More than 2.5m devices are expected to be enabled for payments in 2017, Fit Pay says, with the number rising to more than 9m in 2018.
February 22nd, 2016
Visa is expanding its Visa Ready certification program to include Internet of Things (IoT) companies such as manufacturers of wearables, automobiles, appliances and clothing so that secure payments can be added to a wider range of connected devices, the payment network has announced at Mobile World Congress.
February 9th, 2016
Wearable payments company FitPay has launched a campaign on Kickstarter to crowdfund the production of an NFC payment smartstrap for the Pebble Time family of smartwatches.
February 5th, 2016
Wearable payments provider FitPay has closed a US$3.1m seed funding round led by Giesecke & Devrient (G&D). “FitPay’s payment platform uses NFC technology combined with card network tokenization to interact with POS terminals at retail locations,” the company says. “FitPay’s Trusted Payment Manager platform allows contactless payment capabilities on a wide range of wearable devices.” FitPay developed a smartstrap to enable NFC payments on Pebble Time smartwatches in November 2015.
November 13th, 2015
Wearable payments provider FitPay and connected watch maker Connectedevice have developed a smartstrap for the Pebble Time range of smartwatches that lets wearers make NFC payments. “Pagaré will use NFC technology combined with card network tokenization to interact with POS terminals at retail locations,” Fit Pay says. “Pagaré will leverage Fit Pay’s Trusted Payment Manager (TM) platform, which enables contactless payment capabilities on a wide range of wearable devices.”
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