Barclaycard teams up with Timex to launch contactless watch — Campaign — “In the new watch, named the Fairfield Contactless, bPay has been embedded in its leather strap and users can make purchases up to £30 (US$40). The watch retails for £159 (US$213) but the contactless straps can be purchased separately. It will be available for sale in early November.”
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Embedding an RFID chip in a watch band does not make the watch as secure as an Apple Watch. Without a biometric or a PIN, the band will be vulnerable to fraudulent use if lost or stolen. That is why the US$40- on transaction size. Same problem as contactless EMV cards.