Everlink Payment Services, a Canada-based payment solutions provider, has completed a proof of concept market trial for its DebitWear, its latest debit card technology.
The product is a contactless-only, debit card form factor that uses the same EMV and Near Field Communication (NFC) technology currently being used for Interac Flash enabled cards.
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DebitWear, which can be used wherever Interac Flash payments are accepted, allows cardholders to perform contactless payments, with all of the security and benefits of EMV without the need to insert a card and enter a PIN.
Everlink has provided credit unions with a silicone wristband that holds an Interac Flash enabled mini-tag containing a standard Multos ML4 chip to conduct the trail.
Also, Everlink is planning to test additional form factors such as contactless-only stickers to provide financial institutions with the technology based on the needs of their cardholders.
These contactless stickers will be placed on the back of a mobile phone or other device and contain standard Multos ML4 chip.
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By GlobalDataEverlink president & CEO Mark Ripplinger said: "Everlink’s DebitWear gives cardholders the choice to pay for smaller value items quickly and securely by simply ‘flashing’ their wristband over a contactless point-of-sale device that supports Interac Flash."
