Oberthur makes wearables more flexible for payments
Oberthur Technologies, a global provider of embedded security software products and services, has introduced a new line of wearables that can consumers can use to make contactless payments on the go, according to a press release about the announcement.
The Flybuy range of products include a mini fob, a small contactless card including a boosted antenna that can be inserted into a silicone or leather wristband, a key chain or special pieces added to fitness trackers or watches, and what's called a Flybuy Secure Element, which is intended for OEMs to be embedded into watches or fitness bands directly at the manufacturing stage.
Oberthur said FlyBuy Wearables can be positioned either as a companion extension to the existing payment card or as a standalone prepaid option. In both cases, their settings can be easily managed by a mobile app. They can be used for payment, but also for public transport and access control to corporate premises, fitness centers or music and sports event.
"The global market of wearables is nascent and has huge growth potential over the coming years. With its leading position in the payment field, Oberthur is a key and trusted partner to offer wearable payment solutions thanks to its comprehensive portfolio of products which can answer a full range of customer requirements," said Cedric Collomb, head of global offer and indirect sales for Oberthur financial services institutions business.