20 August 2017
Find out more

Visa's Olympic payment rings to go on general sale

24 August 2016  |  10688 views  |  0 visa ring 3

NFC payment rings first sported by Olympian athletes in Rio are now available for pre-order to the general public.

Given to 45 'Team Visa' Olympic hopefuls, the rings feature Visa token technology, a design from McLear & Co. that includes a secure microchip made by Gemalto, with an embedded NFC-enabled antenna.

The waterproof rings do not require use of a battery or recharging and will retail for £39.99 from the site of manufacturer NFCRing.

The company showcased the first model of the ceramic ring, which enables users to pay for goods and purchases with a tap of their finger at contactless terminals, in 2015 with Visa and the UK fashion house House of Holland.

Visa is keen to emphasise that the commercial roll out of the product is purely driven by NFCRing, with no direct involvement by the card scheme. "NFCRing is the company that Visa worked with to deliver the test rings to clients and athletes during the games. We enjoyed working with them on this Olympic test project. However, while we have future plans for this technology, we have nothing to announce at this time with regards to making this product commercially available."

A recent Barclaycard survey of UK consumer sentiment for wearable payments suggests that a new trend of retrofitting cherished accessories with new functionality is emerging. Watches top the poll (62%) of items that Brits would most like to “future-fy” for fast-paced, convenient payments, followed by inherited jewellery (21%) and wedding rings (19%).

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

Team GB gets in shape for wearable payments

Team GB gets in shape for wearable payments

10 August 2016  |  7394 views  |  0 comments | 14 tweets | 9 linkedin
Visa bids to make Rio the wearable Games

Visa bids to make Rio the wearable Games

12 July 2016  |  9965 views  |  1 comments | 30 tweets | 21 linkedin
Contactless payment ring launches on Kickstarter

Contactless payment ring launches on Kickstarter

25 September 2015  |  20214 views  |  7 comments | 48 tweets | 42 linkedin
Visa rings the changes at London Fashion Week

Visa rings the changes at London Fashion Week

21 September 2015  |  6286 views  |  0 comments | 8 tweets | 8 linkedin

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.abe-eba.euvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
9303 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7974 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7470 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
6917 views 0 | 1 tweets | 1 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
6595 views comments | 14 tweets | 12 linkedin