Coin Teams With MasterCard In Wearable Payments Push (thestack.com)

Posted by Soulskill on Wednesday January 6, 2016 @04:53AM from the just-work-on-universal-support-already dept.

An anonymous reader writes: Smart payments startup Coin has announced it will team up with MasterCard to use its electronic card technology to help companies integrate payment services into their wearable devices. Under the new MasterCard partnership, owners of wearables with integrated Coin technology will be able to pay at retail outlets without the need to take out any cash or card . The deal is not exclusive, which means that there is still potential for Visa and American Express customers to benefit when the Coin-embedded tech begins to ship later this year.

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Chip cards by 110010001000 · 2016-01-06 04:59 · Score: 3, Insightful

On the other hand in the US we have finally started to require chip (and signature) cards. I never understood this stuff. How hard is it to insert a plastic card in a slot for payment? And given the sorry state of Smart Phone security why do people insist on using their phones for payment? You are just asking for trouble.