Company News • 06.10.2015
Using jewellery instead of a smart phone to pay?
Startup develops first ring for contactless payment
Philip Campbell, founder of Kerv is dissatisfied with the current state of technology on quite a few levels: „Currently, wearable payment devices are either eye-wateringly expensive or thoroughly unattractive. But the biggest issue I have is that they're all worn on the wrist, which has to be placed flat against the contactless reader in a way that feels extremely unnatural and awkward."
Simple handling of complex technology
Kerv wearers can make instant contactless payments of £30 or lower with a single gesture. And the technology which is used is not only optically invisible, because there is no card or PIN required. The ring also never needs to be recharged and doesn't need to be paired with a smartphone to work.
Other applications shall be possible
As with all current applications for contactless mobile payment, the biggest issue here is the simple handling which will be crucial for the project’s success with the end customer. In fact, the ring is not able to do anything a user can not already do with his smart phone and the respective apps – but in any case it will be more convenient to use. It remains to be seen how the concept will perform in drawing potential customers but it could very well provide the added convenience customers have been looking for.
There currently is a campaign on kickstarter.com to finance the mass production of the Kerv ring.
Author: Daniel Stöter. iXtenso.com
channels: mobile payment, NFC (near field communication)
