Kerv clippings file https://www.nfcw.com/tag/kerv/ At the heart of the contactless ecosystem since 2008 Sun, 27 Jan 2019 13:45:45 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 https://www.nfcw.com/wp-content/uploads/2020/02/cropped-nfcw-favicon-white-32x32.png Kerv clippings file https://www.nfcw.com/tag/kerv/ 32 32 37289602 ABN Amro rolls out wearable payments on rings, watches and bracelets https://www.nfcw.com/2019/01/15/358993/abn-amro-rolls-out-wearable-payments-on-rings-watches-and-bracelets/ Tue, 15 Jan 2019 16:30:26 +0000 https://www.nfcw.com/?p=58993 Customers of Dutch bank ABN Amro can now connect a wide range of Mastercard-certified wearables to their bank account and use them to make both standard, low value contactless payments and also, by entering a PIN at the point of sale, higher value transactions beyond the contactless limit as well. ABN Amro is the first […]

ABN Amro rolls out wearable payments on rings, watches and bracelets was written by Sarah Clark and published by NFCW.

]]>
The contactless K Ring from K Wearables
RING IT UP: The contactless K Ring from K Wearables is one of the wearables supported by ABN Amro

Customers of Dutch bank ABN Amro can now connect a wide range of Mastercard-certified wearables to their bank account and use them to make both standard, low value contactless payments and also, by entering a PIN at the point of sale, higher value transactions beyond the contactless limit as well.

ABN Amro is the first bank in the world to offer wearables that let customers make high value payments at the point-of-sale by using a PIN, the bank says.

“ABN Amro’s website features products and links to the webshops where clients can buy wearables that come with Mastercard-certified payment chips. Their wearable product will be delivered to their home and, once activated via internet banking, can be used for contactless payment immediately.

“Paying by wearable is no different from contactless payment by card: Just hold the wearable near the point of sale and enter a PIN for purchases in excess of 25 euros. ABN Amro observes a limit of 250 euros a day that clients can spend with their wearables plus PIN — the first bank in the world to support higher-amount payments for these types of wearable.”

“Garmin smart watches and soon also Fitbit trackers work a little differently for payments,” the bank adds. “Every 24 hours users are to select a PIN that they enter into their smart watch or tracker, and, if they want to make payment, they elect the wallet function before holding their smart watch or tracker to the point of sale.”

The rollout follows a 12 month pilot during which 500 ABN Amro customers have been testing out the use of NFC payments rings, watches, bracelets and keyrings. On average, clients taking part in the pilot made six payments a week for amounts under 25 euros, the bank reported in June.

“Their responses have been hugely favourable,” ABN Amro says. “No less than 80% of test users preferred wearables to a regular bank card.”

“Payment by wearable will only be made available to ABN Amro’s retail clients,” the bank adds. “These wearables are being sold by companies that have placed Mastercard-certified chips in their products. Go to abnamro.nl/wearables for a list of wearables and links to webshops where you can purchase them and link them to your accounts.”

ABN Amro rolls out wearable payments on rings, watches and bracelets was written by Sarah Clark and published by NFCW.

]]>
58993
ABN Amro pilots wearable payments with select customers https://www.nfcw.com/2017/06/23/353566/abn-amro-pilots-wearable-payments-with-select-customers/ Fri, 23 Jun 2017 10:00:20 +0000 http://www.nfcw.com/?p=53566 A select group of ABN Amro customers has begun piloting payments using NFC-enabled rings supplied by Kerv and smartwatches. The pilot is being run to test the technology ahead of a wider roll out to all customers later this year. The bank is looking to work with “more partners” on the pilot, which lets customers […]

ABN Amro pilots wearable payments with select customers was written by Rian Boden and published by NFCW.

]]>
Kerv ring
RINGING THE CHANGES: ABN Amro aims to enable wearable payments for all its customers this year

A select group of ABN Amro customers has begun piloting payments using NFC-enabled rings supplied by Kerv and smartwatches. The pilot is being run to test the technology ahead of a wider roll out to all customers later this year.

The bank is looking to work with “more partners” on the pilot, which lets customers make payments using funds directly from their bank account.

A video shows a payment being made using the Kerv ring:

“We are testing wearables and how we can connect a wearable to the payment account of the customer,” the bank told NFC World. “We are aiming to go live for regular customers at the end of the year.

“We are testing the Kerv ring at the moment and we are also testing a watch. It will be possible for other wearable suppliers to get their NFC chip certified according to the right security standards monitored by Mastercard to connect it to the payment account.”

ABN Amro pilots wearable payments with select customers was written by Rian Boden and published by NFCW.

]]>
53566
Kerv and PSI-Pay to prep for NFC payments ring launch https://www.nfcw.com/2016/06/16/345610/kerv-psi-pay-prep-nfc-payments-ring-launch/ Thu, 16 Jun 2016 13:26:59 +0000 http://www.nfcw.com/?p=45610 The UK startup behind the Kerv NFC payments ring has teamed up with payment solutions provider PSI-Pay to enable a greater range of payment options on the device. “The partnership utilises PSI-Pay’s MasterCard licence which will enable users of the Kerv contactless payment ring to pay in 38m locations worldwide,” Kerv says. “Users will be […]

Kerv and PSI-Pay to prep for NFC payments ring launch was written by Rian Boden and published by NFCW.

]]>
The UK startup behind the Kerv NFC payments ring has teamed up with payment solutions provider PSI-Pay to enable a greater range of payment options on the device. “The partnership utilises PSI-Pay’s MasterCard licence which will enable users of the Kerv contactless payment ring to pay in 38m locations worldwide,” Kerv says. “Users will be able to fund their account via debit or credit card, bank transfer or PayPal.” Kerv launched a fundraising campaign on Kickstarter in October 2015.

Kerv and PSI-Pay to prep for NFC payments ring launch was written by Rian Boden and published by NFCW.

]]>
45610
Industry veterans seek funding for NFC payments ring https://www.nfcw.com/2015/10/05/338396/industry-veterans-seek-funding-for-nfc-payments-ring/ Mon, 05 Oct 2015 13:29:35 +0000 http://www.nfcw.com/?p=38396 A team of NFC payments veterans has launched a campaign on Kickstarter to raise funds for an NFC ring that can be used to make payments at contactless POS terminals and across the Transport for London network.

Industry veterans seek funding for NFC payments ring was written by Rian Boden and published by NFCW.

]]>
Kerv ring
PROTOTYPE: Kerv aims to put its multi-function NFC payments ring into production in 2016

A team of NFC payments veterans has launched a campaign on Kickstarter to raise funds for an NFC ring that can be used to make payments at contactless POS terminals and across the Transport for London network.

The ring can also be used to unlock contactless door locks and security systems. Emergency, medical and contact details can also be shared by tapping the ring with an NFC phone.

Kerv contains an NFC chip that is activated when brought close to a contactless reader. It works in the same way as a contactless card, the company says, reading the encrypted data on the chip and authorising the transaction. Funds are drawn from a prepaid Kerv account and an accompanying mobile app will let users track their spending and activate SMS messages to alert them of their most recent transactions.

A video gives an overview of Kerv:

Kerv is hoping to partner with fashion and jewellery designers to further its design, founder Philip Campbell told NFC World, and will eventually expand into other NFC wearable items that would come equipped with the same functions.

“In terms of design, we’re just doing a black and white version at the minute. We probably won’t do new designs but rather work with fashion and jewellery designers and provide the technology to them — we will stick to doing what we do best, the payment side of thing, and let them focus on the design.”

“We’ve been in the sector for seven or eight years, so we know the bits that are required behind the scenes,” Campbell explained. “Building the accounts, doing all the software and platform side of things has already been done. The ring bodies are being made out in China and the antenna is something that we have designed.”

“Some of our team are former Kalixa members who worked on the payment integration for Moneto in the UK,” Campbell explains. “I was directly involved with my colleague Dean Leybourn in launching and marketing Moneto in the UK and Europe.

“We really wanted to do something else and be in control of it and bring to market a product that the consumer would actually want to use and at the right price point to make it desirable. When we worked on things like Moneto for the iPhone, that was years ahead of anything else like Apple Pay.

“We’ve had some enquiries from banks, we’ve also had enquiries from a gym chain. It would be great to implement Kerv with them so it’s more widely available. Imagine going to your gym and rather than having to pull out a separate card for the lockers, all you have to do is tap your Kerv ring to gain access.

New form factors

“We will bring along some other form factors as well. It won’t just remain with the ring. We realise that, with the ring alone, not everybody will want to wear it and it won’t be appropriate for every occasion. Our goal is to have a range of NFC devices that are completely interchangeable.

“We will also give the customer the option to get a virtual card, so if they want to use the Kerv account to shop online or if you want to do an in-game or in-app purchase, they can. We will also provide traditional plastic cards.”

“The next step after the Kickstarter campaign is to move from prototype to mass production and that’s the bit that will take the time,” Campbell continued. “We expect it will be ready in February next year and we’ve put on the Kickstarter campaign that customers should expect to get the Kerv ring in April.”

Industry veterans seek funding for NFC payments ring was written by Rian Boden and published by NFCW.

]]>
38396