New configuration supports financial services sector to manage multiple applications including payment, access control and transport ticketing
GlobalPlatform, the standard for secure digital services and devices, has published a Financial Configuration to update the configuration for banking smart cards and support the deployment of Secure Elements (SEs) in contactless-enabled wearables like rings and wristbands. Chip and device makers, banks and app developers now have an implementation guide to help them launch wearables that can be remotely updated and support multiple applications including payment, access control and transport ticketing.
“Contactless payment cards have made us familiar with tap & go, and smartphones have made the convenience of multi-function devices desirable. Wearables such as smart rings and smart wristbands are bridging the gap between simple cards and feature-rich smartphones by enabling consumers to pay, unlock and travel with a tap,” comments Gil Bernabeu, Technical Director of GlobalPlatform. “This new configuration standardizes all of this, saving implementers time and money, increasing revenue opportunities and enriching the experience for consumers.”