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Contactless payment ring

Kerv Wearables launched a contactless payment ring that enables the wearer to make a contactless payment wherever Mastercard contactless transactions are allowed. The ring is waterproof, scratchproof and doesn’t need charging or pairing with a smartphone to work. It links to a Mastercard prepaid account issued by PSI-PAY Ltd and comes with a companion card for higher value transactions, online payments or cash withdrawals. Users can view their spending activity in real-time and, for added security, can turn the ring on and off. Dave Meadon, senior vice president, EMV and digital devices at Mastercard, said: “Mastercard is continually looking for new ways to make transactions more secure and more convenient. The Kerv ring is a demonstration of how Mastercard’s secure M/Chip technology can power contactless payments in innovative consumer devices.”

Contactless payment ring
Contactless payment ring

www.kerv.com

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2018