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.
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.
Everlink 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."