Cardtek joins NXP Semiconductors on wearable payments platform
Cartek, a payments technologies provider, has announced that it is partnering with NXP Semiconductors to introduce a wearable payments system called the Digital Enablement Platform. Cardtek’s payment infrastructure, integrating NXP’s wearable chips, is intended to help issuers, OEMs and other service providers enable payment services in wearable technology. Cardtek also offers mobile-developer support that enables any party to develop user interfaces for their mobile wallet. The product incorporates tokenisation services to securely integrate payment credentials into the wearable.
Cardtek, a payments technologies provider, has partnered with NXP Semiconductors to introduce a payments system for wearables called the Digital Enablement Platform.

Cardtek said in a press release that its platform enables consumers to make safer and simpler transactions with a convenient wearables product, easily on-boarding payment cards, transit tickets, access cards and more, according to the announcement.

Cardtek's payment system infrastructure, integrating NXP PN66T and P60 wearable chips, is intended to help issuers, wearable OEMs and other service providers enable payment and nonpayment services in wearables, as well as activation and deactivation of services.

Cardtek offers mobile SDK, enabling any party to develop user interfaces for their own mobile wallet. The product incorporates tokenization services to securely integrate tokenized payment credentials into the wearable. Cardtek also offers instant issuance products for the personalization of P60 wearable chips.

"Wearables bring many advantages to the payments industry; one of the key benefits is that issuers or service providers will have full ownership of their own wallets without being dependent on third-party providers," said Emilian Elefteratos, Cardtek executive vice president of sales and marketing for North America. "Built-in NFC wearables enable consumers to leave their wallet at home, and make transactions simpler and safer than ever before. Cardtek is pleased to play a leading role in helping drive the rapidly emerging wearable payments market."