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Olympic Athletes To Sport Visa's New Payment Ring In Rio (engadget.com)
An anonymous reader writes from a report via Engadget: Visa is introducing a new ring at the Olympic Games in Rio that will let people pay for things by waving their hand -- no phone, wallet, or battery is needed. The ring, which has yet to be named, features a secure microchip from Gemalto, and an embedded antenna. It is crafted of black or white ceramic, as metal would interfere with the antenna. There will be 20 sizes available during its trial run where it will be available exclusively for employees and partners, as well as the 45 athletes sponsored by Visa. The athletes inspired the creation of the ring, as wallets and typical wearables can be an annoyance to them when they're constantly changing uniforms. The ring is even fit for Olympic swimmers, as it is water resistant up to 50 meters. It never needs to be charged since it draws a tiny amount of power from the payment terminal and transmits far less data than Apple Pay or Android Pay. As for security, the ring can be deactivated from a smartphone, and thanks to tokenization, sensitive data is replaced by a digital identifier that can be used to process payments, so thieves won't be able to use it. There has been some controversy surrounding the Olympic Games in Rio de Janeiro. Some doctors have warned that the games could spark a "full-blow public health disaster" with the spread of the Zika virus.
Since when was paying for stuff hard? Having enough money for the stuff you want? Yeah, that's hard. Actually paying for it - not hard.
Have they even finished building the stadiums yet??
Political debates have me rolling my eyes so much I think I got optical whiplash. I should sue. - Foamy The Squirrel
Takes on a whole new meaning once my ring sports a Gemalto reader..
Comment removed based on user account deletion
LOL! So now the same thug who just robbed you of your payment ring will now be sure to rob you of your smartphone, too! And now you'll have lost the ring, lost the way to deactivate it, and this thug will spend your money buying stupid shit for himself.
Or now you've got to install this app on some other phone which you have to leave somewhere else at all times. But by the time you get to it, the thug has spent your money buying stupid shit for himself.
At least with cash it's possible to keep most of it safely in your anus, where most thug robbers won't think to look. And if they do, you can always let out a big shit into their faces.
So now anyone can wear it and wave their hands at point-of-sale systems until it can be deactivated. Seems to me, for the general populace, losing a ring is easier than losing a wallet with a card.
Unfortunately it is only "water resistant up to 50 meters" and most Olympic swimming events involve swimming more than a single length of the pool.
Hey buddy, give me a high-five! Missed! Ha ha, you paid for my groceries.
So, this is a fancy RFID tag then? Basically, you wave your radio-barcode through the induction field and the payment terminal then goes online using the ring's serial number instead of your credit card number?
Ooh, future.
See that "Preview" button?
I think "onde é o banheiro" is a better response considering what anyone visiting this area will face. Good luck, you poor dumbass son's of bitches. The 1st world thinks nothing can happen to them... :( Please don't bring your children. :( :( :(
Seriously, what's the deal with BeauHD and his penchant for adding a completely non-sequitur comment to submitted topics?
"so thieves won't be able to use it."
Buwahahahahhahahaaahahahaaaahaha, yeah good luck with that. If history is of any indication thieves will crack it almost as soon as it comes out, but the credit companies will claim that it is foolproof for years in spite of droves of proven cases of theft. I do like the idea of a wearable for payments, but it can't transmit all of the time. The user MUST provide some input (pressing a button, hand gesture, etc) that enables the device to transmit if there is ANY chance of it being secure.
I'm assuming that a unique identifier and transaction ID are generated each time so there's no way to snoop on the transaction and then commit fraud. Assuming that's true, this is a very cool idea. In addition to payments, this could be used to replace keys and could be used to start vehicles or unlock doors. I like the idea that it can be instantly deactivated, and it should be easy to allow for more fine grained access control. I live in an apartment and certain people have master keys. That includes maintenance, the exterminator, and some outside contractors. That means there are keys out there that, if missing or stolen, could allow unauthorized access. Furthermore, it's not that hard to create a master key based on other locks in the building. It's also possible to duplicate the keys without much difficulty. I'd greatly prefer something that has much better access control in that it's hard to duplicate, not possible to generate a master key because access can be granted individually, and a particular key ring can be deactivated if it's stolen or missing. It makes a ton of sense and I'd love to see insurance companies provide a discount for installing such devices because it should reduce theft.
in a partnership with Zika
The company who supplies SIM cards for all the carriers and is rumored to be compromised by the NSA and GCHQ... sign me up...
My eyes reflect the stars and a smile lights up my face.
that hackers will make a device and pull an antenna up their sleeves, and withdraw someone's money by shaking their hand.
Unless they took your smartphone also when they robbed you...
Which is why ApplePay still is far more secure, if the Apple watch leaves your wrist no-one is using ApplePay from it, or if you lose your phone they cannot use ApplePay without being able to use the fingerprint reader.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
they will also be sporting lots of new cases of Zika, created for you by the Rockerfeller created CDC's extremely covert bio warefare black agency. This is the same agency that spreads and improves Bird Flu, Sars, Ebola, Nile River Virus, and a host of others they wish to infect humanity with that do not have the proper genetic signatures. Unfortunately their science is too shoddy to work they way they want, so they've been only getting limited results in terms of death.
Jun 3, 1:31 PM EDT
UN ASKING EXPERT PANEL TO ASSESS ZIKA RISK AT RIO OLYMPICS
BY MARIA CHENG
AP MEDICAL WRITER
OLYMPICS NEWS
LONDON (AP) -- The World Health Organization's chief says she will convene an expert committee to consider whether the Rio de Janeiro Summer Olympics should proceed as planned, following concerns raised about the threat of the Zika virus.
In a request last month, U.S. Senator Jeanne Shaheen asked WHO Director-General Dr. Margaret Chan to evaluate whether the Rio games this year should be delayed or postponed. Chan said in a letter released by Shaheen on Friday that WHO has sent senior scientists to Brazil four times to assess the risk of Zika to the approximately 500,000 athletes and visitors expected to attend the Aug. 5-21 games in Brazil.
Follow the linky for the rest of the story.
"Transparent" is a shit show that trades on every stereotype going. A man in drag is NOT a transsexual.
A talented pickpocket can get your wallet, phone, wristwatch, and the rings off your fingers, and you'll never even know it.
Is there a PIN that you need to use with this ring? Or is it literally single-factor authentication, and as soon as someone divests you of it, they can go nuts with it until it gets deactivated?
On a less serious note, are sex workers in Rio going to have payment terminals compatible with this by the time the athletes arrive? That'll be the most common use for athlete's dollars, I'd think. XD
On a tin-foil-hat conspiratorial note, anyone else wonder if someone has weaponized Zika and seeded the world with carrier mosquitos, to create an extinction-level event for the human race? Thought's occurred to me..
Are YOU using the TOOL, or is the TOOL using YOU? Think about it!
The real problem is the air and water contamination. Zika will be the convenient diversion to cover it up
“He’s not deformed, he’s just drunk!”
"features a secure microchip from Gemalto,"
Yeah, okay. Who wants to bet one of these rings is hacked within 24 hours of the opening ceremony? I'll give it 72 hours, at most.
does the zika thing have to do with the visa ring? absolutely nothing. a blatant attempt at trying to get more clicks by stuffing a hot keyword into an otherwise ho-hum masses wont care article.
editors should be (captcha:) expelled
Perhaps you mean full-blown?
At the bottom of the
What is to stop rogue scan points from taking the ring's credentials when it is in range and charging whatever they want?
I don't give it much of a life span. Perhaps as one-off method for payments and then to be entirely discarded, including cryptors...
Three rings within range of a terminal - who pays?
The elven kings under the sky, obviously.
$50 max liability still in place?
...because taking your credit card out just takes TOO DAMNED LONG! What if there's something else you need to buy in another place and you're WASTING 3.5 seconds fiddling with your credit card here?
-Styopa
Apple Pay is way more secure than a credit card in two ways:
1) The merchant is only getting a one time token to record, so if their payment databases are hacked you have not had your CC info leaked. This reason alone is why I use ApplePay whenever possible, including for large purchases like AirBnB rentals.
2) As mentioned there's the whole "secure element" aspect of the hardware to deal with. Someone stealing your device CANNOT use it without you unlocking it for them. If someone steals a CC they can use it as much as they wish without issue.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
There will be 20 sizes available during its trial run where it will be available exclusively for employees and partners
Let me guess:
Three Rings for the Elven-kings under the sky,
Seven for the Dwarf-lords in their halls of stone,
Nine for Mortal Men doomed to die,
One for the Dark Lord on his dark throne
In the Land of Mordor where the Shadows lie.
Sounds incredibly easy to steal, so not for use by general public...
Instead of inventing new ways to authenticate money, just show up. If you want to eat something, you're given food, if you need new clothes, you get new clothes.
It's pretty much going to have to be this way when the buy robots is cheaper than paying minimum wage + benefits and we're at 50% (or more) unemployment.
This is about it. All the rest is marketing bullshit. I have something like that in my MasterCard. Most insecure thing you can imagine.
It is for smaller payments, Wave the card and you paid. All you need now is a portable reader and get all the monies.
Reminds me that I need to figure out how to disable it, because it is sooo insecure.
Don't fight for your country, if your country does not fight for you.
sun microsystems had this tech out years and years ago and since ORACLE bought them up I would guess ORACLE will be beginning the lawsuit here shortly.
java ring
Visa: buy shit easier.
How much of a kickback is the IOC chairman getting? Because everything about the Olympics involves money and scandals and payoffs of some sort. I can't believe that VISA would stupid enough to introduce something like a new payment system at the Olympics of all places - the absolute epitome of dirty money, scandal ridden events.
I mean seriously, is this some sort of joke? So future Olympic bribes can now be conducted using the VISA payment ring...untraceable, discreet, no more bulky envelopes in a dark alley. No...graft can now be done from the comfort of your own living room. What could possibly go wrong?
This should help the athletes pay for the drugs they'll need to deal with all the loathsome diseases they'll get from swimming in sewage, drinking sewage, and being feedbags for mosquitoes infected with everything from malaria to zika virus to some freakin' disease we've never heard of that makes your eyeballs melt and your bowels erupt through your mouth.
I've calculated my velocity with such exquisite precision that I have no idea where I am.
How is it secure? Is it locked in a safe?