DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/kprlwq/the_future_is_not) has announced the addition of the "The Future Is Not in the Cards: Will Wearable Payments Replace Wallets?" report to their offering.
In places such as amusement parks, museums, and schools wristbands and other wearable items are being embedded with contactless chips to enable their use as a payment device. Acceptance might be limited to a few vending machines located on a particular property, or it may include multiple unaffiliated merchants. Some have made use of the MasterCard and Visa networks to offer an open-loop product good wherever contactless payments are accepted.
Other companies have attempted to build wearable payments devices for particular psychographics. Helping runners, cyclists, and other athletes eliminate sweaty bills and cards was the idea behind one attempt at wearable payments that may have been ahead of its time.
Wearable payments exist in particular contexts. This may cause customers who use these payment forms to reexamine the ways in which they make transactions, the driving force behind one wearable payments project in the United Kingdom described in the report.
Wearable payments will take a place in the grand scheme of payments. What remains to be determined is whether they will just niches like theme parks or become a widespread form factor like cards and cash. While their future depends on the adoption of contactless technology, they also could help drive the adoption of the technology. As with mobile payments, adoption of wearable payments will come in stages that may seem disjointed.
Highlights of the report include:
- Description of various wearable payments innovations with contactless chip embedded that have been deployed
- New opportunities for payments form factors
- The potential of wearable payments to change the way that shoppers think about payments and lead to incremental spending
- Contexts in which people are most likely to adopt wearable payments, even if they can be used outside of those venues
Key Topics Covered:
- Executive Summary
- Introduction: The Future of Payments May Not Be in the Cards
- Disney's MagicBand: Keys to the Magic Kingdom
- VITAband: Combining ID and Payments - Ahead of Its Time?
- Payments Wrapped Around Your Finger
- Changing the Meaning of Pay by Touch
- In Development
- Apple's iWatch
- PushCoin Inc
- Barclaycard PayBand
- Samsung Smart Watch
- Pebble
- Google Glass
Companies Mentioned
- Apple Computing
- Awesome Foundation
- Bancorp Bank
- Barclaycard
- Disney
- First Data Corp.
- FIS
- Kickstarter
- Massachusetts Bay Transportation Authority
- Massachusetts Institute of Technology
- MasterCard
- NTT
- Passif Semiconductor Corp.
- Pebble
- Pervasive Media Studio
- PushCoin Inc.
- Ring Theory
- Samsung
- Singapore University of Technology and Design
- Starbucks Coffee
- US Bank
- VITA Products
- VISA
For more information visit http://www.researchandmarkets.com/research/kprlwq/the_future_is_not
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