ABN Amro tests wearables for contactless payments
ABN Amro has launched a pilot programme in the Netherlands to test payments made using wearables, including a contactless payment ring made by Kerv, and a watch equipped with near-field communication technology, according to a company statement. The tests will be overseen by Mastercard Digiseq to ensure the products meet security and reliability requirements and users will be able to make contactless payments at almost 40 million terminals globally. ABN Amro aims to roll out the technology at the end of the year.
ABN Amro in the Netherlands is testing wearables technology that would enable its customers to make payments directly from their current accounts using such devices, according to a press release.

A select group of users is currently testing various wearables, including a special Kerv ring and a watch with NFC technology. The test users will be able to use these wearables to make contactless payments at almost 40 million payment terminals around the world.

The bank is working with MasterCard Digiseq to ensure the products meet requirements for making reliable and secure payments, according to the release.

ABN Amro will work together with the first users to explore whether these payment options become popular among consumers. At the same time, the bank is looking to forge partnerships with other parties. After this pilot has been carried out, ABN Amro aims to make this payment technology available to clients at the end of this year, according to the release.