DIGISEQ has announced a breakthrough in payment wearable technology, giving consumers the functionality to turn any object of choice into a payment device with a user-friendly application on their mobile.
The new solution, Rapid Contactless Personalisation (Rcos), is available for any Android and iOS device, quickly delivering Mastercard payment data via secure tokenisation, just by downloading the Manage Mii mobile App.
Non-Executive Chairman of DIGISEQ, David Birch, commented: “The team behind Rapid Contactless Personalisation, Terrie Smith CEO and Colin Tanner CTO, know this space intimately, having led the product development of tokenisation at MasterCard in 2014 that supports solutions such as Apple Pay. They co-founded DIGISEQ to revolutionise services in the contactless wearables and smart objects space and they are delivering on that promise by building a fantastic company which they are now scaling up to deliver mass market payments for the internet of things, in the new contact-free economy.
“This week Colin Tanner and I filmed a live transaction where I provisioned my own Alioth Pay ring with Mastercard using my own iPhone 12. I’m delighted that together we are making wearables a reality for the mass market.”
Rapid Contactless Personalisation enables consumers to pay with any object at millions of acceptance points globally. Brands, including RosanPay and STISS, are brought to life with digital services as wearables and are made payment ready without the need for the manufacturer retailer or card issuer to do anything beyond embedding the NFC chip into the device.
Previously, the chip embedded within the wearable would need to go through the cumbersome process of being personalised by the manufacturer or at a retail kiosk before being ready to use.
Terrie Smith, DIGISEQ CEO, added: ‘The pandemic has disrupted many traditional payment methods, and as a result customers are looking for easier, more seamless ways to purchase goods or services. Rapid Contactless Personalisation is the next step in this process, and will help brands and manufacturers place passive wearables at the heart of the payment ecosystem as the trend develops. We’re confident that the removal of obsolete, cumbersome processes will ultimately lead to greater adoption from brands, and empower customers to pay in safer, more flexible ways.”
“While consumers are looking into new ways for payment, DIGISEQ’s Rapid Contactless Personalization enables just that. The secure provisioning of payment credentials into a ring, a wristband, a fitness tracker or pretty much any accessory you can imagine, becomes as easy as a tap on a smartphone. Together with Infineon’s expertise in security controller, contactless performance and scalable turn-key payment solutions, the vision of ‘anything can be a payment thing’ is becoming reality”, added Björn Scharfen, Head of Product Line Payment and Ticketing solutions at Infineon.