No cards. We pay with bracelets, jackets, sounds and phones

    In an effort to replace “plastic” with modern gadgets in cashless payments (which can become not only a convenient means of payment, but also an original accessory), tireless developers decided to develop a “contactless theme”, and enterprising bankers decided to get additional profit and achieve customer loyalty through the use of innovative products in a unique form factor.

    rubber bracelets

    For example, the British Barclays Bank decided to produce rubber contactless braceletsfor active people. With this device, you can pay for purchases of up to £ 20 all over the UK - just put your wrist on a special reader at the checkout. The convenience of calculations using contactless gadgets has already been appreciated by listeners of music festivals where similar bPay rubber devices have been tested over the past 2 years. According to the developers, the bracelets can be paid in stores, bars, public transport, and they will be issued to customers of any British financial institutions for free. You can manage your account and analyze expenses on the Internet through your account, to which a bank card is attached (you can leave it at home and enjoy outdoor activities).

    Another interesting novelty in the field of contactless payments has becomemen's suit from the Australian Heritage Bank . A chip (tied to an account in Heritage Bank) is sewn into the sleeve of the jacket, with which you can pay for purchases using Visa payWave technology in any shopping center that accepts contactless cards (just touch the sleeve on a special terminal). A novelty in Japan was made from the finest merino wool. As part of the pilot project, 12 purse costumes were made and sold throughout the country. The bank notes that such a suit can be safely cleaned, but it is better to block the account for a while.

    And the owners of the brand new Samsung Galaxy S5 smartphones have the opportunity to log in and make payments using fingerprintsat any stores accepting PayPal. Thanks to a secure biometric solution, the user no longer needs to remember passwords, registration data for making a purchase. To enter the account, the client only needs to put his finger on the screen of the phone. In Russia (along with 25 other countries) a new convenient way to pay for purchases was introduced this spring.

    In turn, residents of Zimbabwe will soon be able to pay with the sounds made by smartphones. A new mobile payment service based on NearBytes technology was developed by the local company Edgetech Solutions. For each transaction, the Edgepay application generates a one-time unique code, which is transmitted through the sound signals to the payment terminal of the seller (the device must be equipped with a speaker and microphone). The developers claim that the new payment confirmation method is safe, since the possibility of unauthorized access to the transmitted data is completely excluded.

    And here is the mobile service CashFonoffers to make payments without using a card at all, directly from a bank account. Owners of smartphones who have opened a card account in any financial institution can use the unique application. Moreover, all expenditure operations are carried out online-without the use of complex processes. Payment for the order in the online store is made on the phone screen according to a unique invoice. Thus, a convenient, safe and easy startup can become a “personal ATM in your pocket” for a client.

    In fact, every week in the world there are new original developments that allow you to make cashless transactions truly comfortable for users, as well as guaranteeing additional protection for sensitive data of bank card holders. You can learn more about unique startups and get comprehensive information about the intricacies and benefits of using “plastic” on our website.

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