VISA Tests Wearable Payment System With Tiny Stickers

VISA Tests Wearable Payment System With Tiny Stickers
Banks, Insurance & Financial Services

With the brand's new technology, your house could become an instant check-out station of seamless payments

Matt Vitone
  • 7 august 2017

In an era where payments can now be made with the tap of your phone, VISA is pushing seamless payment options even further offering a glimpse into the advancement of payment-enabled devices made possible by their Token Service Provider (TSP) program. At this year’s Wired Business Conference in June Visa announced the signing of fifteen new partners from around the world to participate in their TSP program, further driving the acceleration of Internet-of-Things (IoT) payments. To show the nearly limitless potential of their payment technology, Visa also presented a demo-only wearable “imprint,” demonstrating how any item can turn into a payment-enabled device.

The payment demo—an NFC-based adhesive sticker that was discreetly applied to the body—allowed attendees to unlock immersive and interactive retail experiences. Although, the company has made clear that it is only testing the technology and currently has no plans to commercialize the payment sticker, it clearly sparked the imagination of attendees and showed the art of the possible in how we might pay for things in the future.

VISA

In an era where payments can now be made with the tap of your phone, VISA is pushing seamless payment options even further offering a glimpse into the advancement of payment-enabled devices made possible by their Token Service Provider (TSP) program. At this year’s Wired Business Conference in June Visa announced the signing of fifteen new partners from around the world to participate in their TSP program, further driving the acceleration of Internet-of-Things (IoT) payments. To show the nearly limitless potential of their payment technology, Visa also presented a demo-only wearable “imprint,” demonstrating how any item can turn into a payment-enabled device.

+contactless payment
+financial services
+IoT
+IoT
+retail
+security
+technology
+visa

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