Tag: Wearable payments

What the iPhone’s slump means for the future of mobile pay

Apple’s recent smartphone revenue decline contrasts with strength in wearables and services, making these alternative venues increasingly important to Apple Pay’s continued success. Apple reported $84.3 billion in revenues for its fiscal 2019 first quarter, which ended Dec. 29, a 5 percent decline from the prior year’s $88.3 billion and the company’s first holiday quarter…
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January 30, 2019 0

FitPay adds Discover tokens to secure wearable payments

Discover Financial Services’ digital exchange will provide tokenized payment credentials for wearable of Internet of Things devices powered through FitPay. The network services agreement between Discover and FitPay Inc., a unit of NXT-ID, allows Discover cardholders to make contactless payment transactions through their FitPay devices operating through the FitPay Payment Platform. Users of other partner…
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February 26, 2018 0

Garmin adds FitPay to its smartwatch

Garmin International’s newest smartwatch now supports contactless payments through a partnership with Fit Pay Inc. Olathe, Kan.-based GPS device-maker Garmin has licensed the FitPay white-label contactless payments service for Garmin Pay, available with its Vivoactive 3 smartwatch to support payments at Near Field Communication-enabled terminals, Garmin said in a Friday press release. Bloomberg News Users…
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November 18, 2017 0