MasterCard, WISeKey bring payments to luxury brand watches

wisekeyAt this years MWC, MasterCard and WISeKey have announced a partnership to enable contactless payments on select luxury brand watches and wearables. WISeKey currently works with an extensive list of premium watch manufacturers, including Hublot and Bulgari, which use WISeKey’s patented security software, WIS.WATCH. The partnership adds new devices and brands to ongoing MasterCard programs to bring payments to any consumer gadget, accessory or wearable – from fitness bands to refrigerators.

“Our collaboration with WISeKey is a great example of how payments functionality can deliver transformative value for a variety of device manufacturers and create safe and convenient shopping experiences for their consumers,” said Sherri Haymond, senior vice president, Digital Payments, MasterCard. “Together with WISeKey, we are using our collective innovative technology and expertise to transform the way people pay for things.”

With the companies’ shared commitment to advance payments security in both the physical and digital worlds, MasterCard will integrate its payments technology with WISeKey’s Cryptographic Root of Trust for IoT and NFCTrusted© technology solutions, providing consumers with the freedom to securely shop using their favorite watch or wearable.

“Working together, WISeKey and MasterCard will open the door to additional eCommerce and marketing opportunities for luxury wearable device and watch manufacturers. The potential for improved communication with customers can lead to increased customer loyalty and repeat business,” said Carlos Moreira, CEO of WISeKey.

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Categories: Contactless Payments, Wearable Computing

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