24 June 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

MasterCard invites fashion and design students to hack the future of digital payments

29 February 2016  |  7461 views  |  0 New York Skyline 1

MasterCard is looking to take payments beyond cards and mobile phones, inviting fashion and design students to build new ways to pay.

The firm is teaming up with the New School’s Parsons School of Design in New York on a day-long hackathon for students from fashion, industrial design, product design, data visualization, and design and technology programmes.

Split into teams of three, on 5 March the students will build prototypes for "connected commerce", embedding payment functionality into products and new designs and concepts. A panel including fashion designer Adam Selman and MasterCard's Sherri Haymond will then pick winners of a $15,000 prize pot.

Says Haymond: "What you buy and how you pay will soon blend seamlessly into your lifestyle as design, usability and technology merge together in new ways. The Fashion and Design Hack with Parsons is another way for us to integrate design-led thinking into payments innovation and tap into the creativity and ingenuity of the school’s design students."

Last year Selman was among the first - alongside General Motors - to join a MasterCard programme that lets partner firms turn anything from purses to keyfobs to jewellery in contactless payments devices.

Visa is also looking to students to help it take wearable payments beyond watches, forming its own partnership with Central Saint Martins College in London that has seen participants explore the next frontier of frictionless commerce. The card scheme has also partnered with the House of Holland to demonstrate the potential for contactless payments on the catwalk.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Following Dutch thumbs up, MasterCard preps major selfie payments roll out

Following Dutch thumbs up, MasterCard preps major selfie payments roll out

22 February 2016  |  12640 views  |  1 comments | 3 tweets | 2 linkedin
MasterCard partners Coin for wearable payments onslaught

MasterCard partners Coin for wearable payments onslaught

06 January 2016  |  9278 views  |  0 comments | 18 tweets | 26 linkedin
MasterCard and Samsung unveil pay-by-fridge

MasterCard and Samsung unveil pay-by-fridge

05 January 2016  |  14707 views  |  6 comments | 33 tweets | 42 linkedin
TopShop launches contactless fashion accessories

TopShop launches contactless fashion accessories

11 November 2015  |  9137 views  |  0 comments | 21 tweets | 21 linkedin
MasterCard bids to make everything a payment device

MasterCard bids to make everything a payment device

27 October 2015  |  11448 views  |  0 comments | 23 tweets | 25 linkedin
Visa peers into the future of wearable payments with graduate design scheme

Visa peers into the future of wearable payments with graduate design scheme

24 September 2015  |  7751 views  |  0 comments | 14 tweets | 11 linkedin
Visa rings the changes at London Fashion Week

Visa rings the changes at London Fashion Week

21 September 2015  |  6173 views  |  0 comments | 8 tweets | 8 linkedin
Samsung to showcase NFC 'Smart Suit'

Samsung to showcase NFC 'Smart Suit'

04 September 2015  |  11551 views  |  0 comments | 23 tweets | 19 linkedin
Behold the contactless jacket

Behold the contactless jacket

02 September 2015  |  9656 views  |  0 comments | 24 tweets | 19 linkedin
Visa to showcase cashless trend on the catwalk

Visa to showcase cashless trend on the catwalk

09 July 2015  |  10040 views  |  0 comments | 18 tweets | 10 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.events.sap.comvisit wavestone-advisors.co.ukvisit www.finastra.com

Top topics

Most viewed Most shared
Live: EBAday 2017, day twoLive: EBAday 2017, day two
9158 views comments | 4 tweets | 5 linkedin
Worldpay pilots app-only mPOS for small retailersWorldpay pilots app-only mPOS for small re...
8968 views comments | 17 tweets | 27 linkedin
Live: EBAday 2017, day oneLive: EBAday 2017, day one
8337 views comments | 3 tweets | 4 linkedin
UK banks will need to change one million sort codes under ring-fencing rulesUK banks will need to change one million s...
7960 views comments | 8 tweets | 25 linkedin
What Banks and their customers can expect for the futureWhat Banks and their customers can expect...
6660 views comments | 7 tweets | 10 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job