24 February 2017
visit nextgenbanking.co.uk

The new wearables: 'tattoo' payments

20 April 2016  |  15254 views  |  0 payment sticker

Forget cards, mobiles and even smartwatches. A healthcare technology startup is hoping that we will soon be attaching ultra-thin tattoo-like stickers that can make contactless payments to our bodies.

MC10’s Wearable Interactive Stamp Platform (WiSP) is a breathable, waterproof stamp that uses NFC technology to pair with smartphones and NFC readers. When removed it tears, making stored information unreadable.

The technology can be used in clinical environments to transmit important patient information but MC10 is hoping to move beyond the healthcare world.

L’Oréal has already tapped the technology to measure individual UV exposure and now MC10 has enlisted PCH to find brands in other arenas. The partners say that WiSP could enable cashless payments, as well as hotel room access, event registration and interactive experiences at amusement parks, sporting and music events.

Contactless payments stickers have been around for years, although they have been rather more clunky and designed for attachment to phones rather than people.

Scott Pomerantz, CEO, MC10, says: "PCH’s experience working with leading consumer brands, and their ability to commercialize the technology, will accelerate development of new applications within a variety of industries for skin-worn wearables."
KeywordsEFTPOS

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

Mobile payments to overtake cash and cards within a decade - The Co-op

Mobile payments to overtake cash and cards within a decade - The Co-op

19 April 2016  |  11648 views  |  2 comments | 28 tweets | 26 linkedin
Brits embrace higher contactless spending limit

Brits embrace higher contactless spending limit

04 April 2016  |  7762 views  |  0 comments | 15 tweets | 20 linkedin
Bulgari to launch luxury smart watch with embedded payments

Bulgari to launch luxury smart watch with embedded payments

17 March 2016  |  7166 views  |  0 comments | 20 tweets | 14 linkedin
Maybank launches contactless wristbands

Maybank launches contactless wristbands

08 January 2016  |  9339 views  |  0 comments | 21 tweets | 16 linkedin
Electronic tattoos pitched for payments and fitness tracking

Electronic tattoos pitched for payments and fitness tracking

02 December 2015  |  8388 views  |  0 comments | 28 tweets | 32 linkedin
Westpac rolls out PayTag contactless stickers

Westpac rolls out PayTag contactless stickers

20 October 2014  |  4850 views  |  0 comments | 3 tweets | 3 linkedin
La Caixa to distribute 200,000 contactless stickers

La Caixa to distribute 200,000 contactless stickers

03 December 2012  |  8788 views  |  3 comments | 11 tweets | 6 linkedin
Barclaycard rolls out contactless stickers

Barclaycard rolls out contactless stickers

19 April 2012  |  15183 views  |  0 comments
Citi rolls out contactless payments stickers

Citi rolls out contactless payments stickers

10 June 2010  |  16986 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
http://www.financialcrimerisk.fiserv.com/aml?r=finextravisit BNP paribas

Who is commenting?

Top topics

Most viewed Most shared
hands typing furiouslyBlockchain Technology
13580 views 1 | 13 tweets | 6 linkedin
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
11488 views comments | 51 tweets | 70 linkedin
RBS to become fintech fund and high street outlet for challenger banks under HMT remedyRBS to become fintech fund and high street...
8036 views comments | 40 tweets | 33 linkedin
Standard Chartered connects corporate customers to WeChatStandard Chartered connects corporate cust...
6294 views comments | 17 tweets | 19 linkedin
High rate of defaults hit P2P lending sectorHigh rate of defaults hit P2P lending sect...
6249 views comments | 17 tweets | 13 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job