purewrist Uses NXP SmartMX Technology for Smart Payment Options
References: purewrist & virtual-strategy
purewrist is a company that creates wearable payment technologies that can conduct contactless transactions -- it recently announced that the NXP SmartMX-driven products will soon be available globally. The wristbands are completely secure to use due to the Mastercard-approved EMV-compliant element and the white-label payment system. It functions completely on the NXP SmartMX platform in order to maintain a fully secure and speedy transaction process all over the world. This platform can also be used to "secure access control, ticketing, public transportation, and brand loyalty."
Some benefits of using the purewrist platform include the battery-free component, waterproof construction, the universal EMV component, secure personalization, and simple integration. The EMV Contactless quality not only ensures that it is available on all EMV-functioning systems, but also that the correlated EMV cryptographic abilities generate a sturdy authentication and security in comparison to traditional magnetic systems.
Some benefits of using the purewrist platform include the battery-free component, waterproof construction, the universal EMV component, secure personalization, and simple integration. The EMV Contactless quality not only ensures that it is available on all EMV-functioning systems, but also that the correlated EMV cryptographic abilities generate a sturdy authentication and security in comparison to traditional magnetic systems.
Trend Themes
1. Wearable Payment Technologies - Disruptive innovation opportunity: Develop advanced security features and integration options for wearable payment devices.
2. Contactless Transactions - Disruptive innovation opportunity: Create seamless and faster payment options using contactless technology.
3. EMV Compliance - Disruptive innovation opportunity: Enhance EMV-compliant systems to increase authentication and security measures.
Industry Implications
1. Fintech - Disruptive innovation opportunity: Incorporate wearable payment technologies to revolutionize the financial industry.
2. RFID Technology - Disruptive innovation opportunity: Explore RFID technology for various industries, such as access control, ticketing, and loyalty programs.
3. Smart Manufacturing - Disruptive innovation opportunity: Integrate smart payment options in manufacturing processes to enable efficient transactions and logistics.
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