UK-based Vincento Payment Solutions has
partnered with ID Data cards to support the launch of a new watch
that can be used for contactless payments.
A joint statement said the Watch2pay
gadget will be used to purchase items of up to £15 ($23) at 70,000
retail stores in the UK
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ID Data will supply a matched pair of cards,
one containing an embedded chip in a pop-out, which will be fitted
in each watch along with a fully functional Paypass companion card
to meet the necessary payment regulations.
Vincento’s role will include providing the
back-office infrastructure via the company’s Kalixa prepaid payment
solution.
Suresh Vaghjiani, head of product management
at Vincento Payment Solutions, said:
“[The initiative] will create an alternative
payment solution that is the first commercially available non card
or phone payment device in the UK.”
ID Data is well acquainted with Vincento, as
since 2008 it has been the electronic money issuer’s card
supplier.
