A new hit for the summer festivals: NFC payments using sunglasses
Music lovers too wired to reach for their wallets at upcoming Laneway Festival events in five Australian cities will be able to make payments by simply tapping their sunglasses at the checkout.
The prototype shades being trialed by Visa can make contactless payments thanks to a secure payment chip, supplied by local startup Inamo, in the arm of the accessory.
The WaveShades utilise the same payments platform previously developed for the Inamo Curl, which was launched in December 2016 by local surfer dude Peter Colbert. The Curl is a multi-functional, waterproof wearable that can be attached to most watch bands and fitness bands.
At Laneways, Oberthur Technology is ensuring the integrity of payments for the contactless sunnies, while Heritage Bank acts as the Authorised Deposit-taking Institution (ADI).
Frederique Covington, SVP of marketing for Asia Pacific at Visa says: „The financial services environment is evolving at an unprecedented pace, which is exemplified by consumers’ changing relationship with payments. The Visa WaveShades pilot is all about showing Australians that innovation in how we pay can make their lives simpler and everyday experiences seamless and rewarding.”
So, this is prepaid debit, with standard card scheme protection for lost/stolen & fraud liability which came with $100 transaction value limits. „Our platform gives you a PIN so you can go over that limit”, says Peter Colbert from Inamo.
Source: finextra
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
