MASTERCARD AND WISEKEY TO BRING PAYMENTS TO LUXURY BRAND WATCHES AND WEARABLES
Partnership Provides More Options for Consumers to Shop Securely Using Connected Fashionable and Functional Accessories
BARCELONA – FEBRUARY 22, 2016 –Today at the Mobile World Congress, MasterCard and WISeKey announced a partnership to enable contactless payments on select luxury brand watches and wearables. WISeKey currently works with an extensive list of premium watch manufacturers, including Bulgari, which use WISeKey’s patented security software, WIS.WATCH. The partnership adds new devices and brands to ongoing MasterCard programs to bring payments to any consumer gadget, accessory or wearable – from fitness bands to refrigerators.
“Our collaboration with WISeKey is a great example of how payments functionality can deliver transformative value for a variety of device manufacturers and create safe and convenient shopping experiences for their consumers,” said Sherri Haymond, senior vice president, Digital Payments, MasterCard. “Together with WISeKey, we are using our collective innovative technology and expertise to transform the way people pay for things.”
With the companies’ shared commitment to advance payments security in both the physical and digital worlds, MasterCard will integrate its payments technology with WISeKey’s Cryptographic Root of Trust for IoT and NFCTrusted© technology solutions, providing consumers with the freedom to securely shop using their favorite watch or wearable.
“Working together, WISeKey and MasterCard will open the door to additional eCommerce and marketing opportunities for luxury wearable device and watch manufacturers. The potential for improved communication with customers can lead to increased customer loyalty and repeat business,” said Carlos Moreira, CEO of WISeKey.
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MasterCard (NYSE: MA), http://www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.
WISeKey is a leading global digital security solutions company. Working at the forefront of information cybersecurity, identity management, and mobile software services, WISeKey’s mission is to facilitate the global growth of secure electronic transactions by providing individuals, businesses, and governments with advanced technology and services that authenticate and protect digital identity across the full spectrum of personal, business and administrative transactions online. WISeKey, established in Geneva, Switzerland in 1999, (https://www.wisekey.com/), is a World Economic Forum Global Growth Company. Follow WISeKey on Twitter @wisekey, Linkedin, Facebook, Instagram