The future of how consumers pay for everyday items will soon change.
Were you ever next in line to pay at the register and you start having difficulties finding your credit card in your purse. Or have you reached in your back pocket and can’t seem to find your wallet anywhere? The cashier along with the the long line of people behind you are getting frustrated and you still can’t manage to locate any of your cards. We all been through it. But now with the help of modern day technology- we may not have to suffer any longer. There is an updated wearable payment wristband created by Barclays, called Key Fobs, that can be attached to any flat surface, including a mobile phone. The bPay devices can be used by anyone with a registered Visa or MasterCard debit or credit card. This device includes an extra security measure, called tokenisation, which ensures that the card details stored on a phone are never passed to the retailer. In order to access your money on the bPay wristband, fund can be pre-loaded by adding money online, via a mobile app or by automatic top-up.
So the next time you’re at a register with this new wristband, you are no longer faced with having to rummage through a pile of junk looking for your credit card. All you have to do is tap your wrist on the card scanner, then POOF, transaction complete!
There’s a similar wristband device on the market that allows consumers to perform activities with their heartbeat!
Nymi, which is a wristband that when you snap on, it is able to measure your heartbeat. This will “authenticate” you with the wristband, and allows the Nymi to interact securely with any of your connected devices. So if you have gadgets to “automate” with your home your Nymi can control those systems. This wristband can turn off your security system, adjust your thermostat, and turn on your lights all with your heart sensors. It can connect to your cars system and with a slight motion, signal it to open your trunk.
- Butler, S. (2015, June 28). Barclays expands contactless wearables. Retrieved October 28, 2015, from http://www.theguardian.com/business/2015/jun/29/barclays-expands-contactless-wearables
- APPENBRINK, K. (2013, September 3). Say What!? How to Pay for Your Coffee With Your Heartbeat. Retrieved October 28, 2015, from http://www.brit.co/nymi-wristband/