AFP-Relaxnews
Oct 27, 2015
MasterCard turns consumer gadgets and accessories into payment devices
AFP-Relaxnews
Oct 27, 2015
MasterCard has released details on a new program that will turn wristbands, keyrings and jewellery into credit cards.
A promotional video demonstrates the different possibilities for the everyday consumer: A jogger, for instance, stops into a coffee shop to buy a bottle of water with the scan of her wearable Nymi wristband.
A busy commuter enters the subway system by simply scanning her ring at the turnstile. And at the grocery store, a General Motors key fob doubles as her credit card.
The products will be showcased at the Money 20/20 conference in Las Vegas this week.
Collaborating partners in the program include GM, wearable technology brand Nymi, smart jewellery company Ringly, and Bluetooth locator TrackR.
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