10.27.16
Extending its participation in contactless-payment-enabled wearables, Giesecke & Devrient (G&D) is bringing a new wearable solution to the market with Rittenhouse Payment Solutions, a leader in the prepaid payments space. The prepaid smart wristband can be used for payment and access in a variety of everyday environments.
With a dramatic increase in the desire for secure cashless solutions from event organizers, Rittenhouse and G&D are combining their expertise to deliver a full service solution for entry and tap-and-pay wristbands and other wearable form factors. This allows consumers to leave their wallet at home and still have full entry and payment capabilities in a convenient, water- and weather-proof wristband.
It can be a companion device to an existing account or a standalone option with prepaid funds for use at concerts or sporting events, for example. Prepaid funds, coupons or tickets can be one time use or reloadable, giving greater flexibility to secure transactions with any contactless payment terminal.
“Enabling cashless event participation in a fun and secure way is a great extension of our business in EMV cards and mobile payments and banking,” said Scott Marquardt, president of G&D’s US Mobile Security organization.
G&D has already delivered secure elements for the Swatch Bellamy and Samsung Gear smart watches, as well as payment technology for the Jie Pai smart wristbands. The Fit Pay platform, in combination with G&D’s capabilities in embedded secure operating systems, applications and credentials lifecycle management, brings a complete end-to-end portfolio to wearable device partners.
With a dramatic increase in the desire for secure cashless solutions from event organizers, Rittenhouse and G&D are combining their expertise to deliver a full service solution for entry and tap-and-pay wristbands and other wearable form factors. This allows consumers to leave their wallet at home and still have full entry and payment capabilities in a convenient, water- and weather-proof wristband.
It can be a companion device to an existing account or a standalone option with prepaid funds for use at concerts or sporting events, for example. Prepaid funds, coupons or tickets can be one time use or reloadable, giving greater flexibility to secure transactions with any contactless payment terminal.
“Enabling cashless event participation in a fun and secure way is a great extension of our business in EMV cards and mobile payments and banking,” said Scott Marquardt, president of G&D’s US Mobile Security organization.
G&D has already delivered secure elements for the Swatch Bellamy and Samsung Gear smart watches, as well as payment technology for the Jie Pai smart wristbands. The Fit Pay platform, in combination with G&D’s capabilities in embedded secure operating systems, applications and credentials lifecycle management, brings a complete end-to-end portfolio to wearable device partners.