Adding a new dimension to wearable products
DIGISEQ UNLOCKS THE MASS PASSIVE WEARABLES MARKET WITH RAPID CONTACTLESS PERSONALISATION ON iPhone
DIGISEQ announces a breakthrough in payment wearable technology giving consumers the functionality to turn any object of choice into a payment device with a user friendly application on their mobile. The new solution, Rapid Contactless Personalisation Rcos, is available for any Android and iOS device, delivering Mastercard payment data, via secure tokenisation, quickly and by just downloading the Manage Mii™ mobile App.
The pandemic has accelerated the pace of adoption of the IoT technology market and contactless applications, which is now forecasted to extend to over 41 billion devices by 2027. The Rapid Contactless Personalisation technology means DIGISEQ continues to be the most disruptive player globally. The solution can be used for both prepaid and tokenised accounts.
Rapid Contactless Personalisation enables consumers to pay with any object at millions of acceptance points globally. This is a game changer in the passive wearables market, breaking down the technical barrier to making payments simple and secure on any object, and will be the catalyst for scaling passive wearables for mass market adoption.
Brands, including Rosan Pay and STISS, will be brought to life with digital services as wearables are now payment ready without the need for the manufacturer retailer or card issuer to do anything beyond embedding the NFC chip into the device. Previously, the chip embedded within the wearable would need to go through the cumbersome process of being personalised by the manufacturer or at a retail kiosk before being ready to use.
Rapid Contactless Personalisation puts control in the hands of the consumer as they can provision any wearable with a suitable NFC chip through the Manage Mii application, transforming it into a contactless payment device in place of a card and speeding up the process of purchasing with payments functionality. Manufacturers can now offer payment enabled items for sale from rings to watches and virtually anything at retail outlets and via online stores without any need to be involved in the payment card delivery. The development also offers untold benefits for issuers and banks; previously confined to existing payment methods (Apple Pay and Android Pay), they’re now able to maintain better relationships with their customers and their finances, and begin to distinguish themselves by delivering new and innovative experiences for the user.
Commenting on this industry first, Non-Executive Chairman of DIGISEQ, David Birch, said:
Rapid Contactless Personalisation Demo
DIGISEQ believes that consumers deserve the freedom to choose to use any object they want to pay or for identification; whether it’s a watch, a ring or an even a face mask. Our award-winning IoT platform provides an end-to-end service which securely delivers data into everyday wearables, enabling objects – unconnected or connected – to have NFC payment, Access Control, Digital Identity and User Engagement contactless functionality. DIGISEQ connects an entire ecosystem, serving as a centerpiece between banks, product creators, retailers, chip manufacturers and service providers. Our platform offers businesses a seamless all-in-one solution for entering the wearable technology market, empowering them with our existing infrastructure, partners, hardware and security systems to create wearable technology. As pioneers and market leaders of passive wearable payment technology, we aim to be the world’s largest issuing network.
At DIGISEQ, we strive to create unprecedented standards of convenience and control – to make the wallet redundant, money contactless and identification simple and secure. With DIGISEQ, every Golden Globe now possesses a true digital identity imbued with real-time data. You can now pay with a K Ring or even with a bottle of Lucozade for a journey on The London Underground!