Tappy introduces biometric watch strap for payments, access and digital authentication
Tappy Technologies has launched its passive biometrics-enabled watch strap that offers payments, access and digital authentication functionalities. The Hong Kong-based wearable payment technology company is a global provider of tokenization services, providing the elements to enable wearable payment applications for watch brands, major card schemes and leading issuers.
“At Tappy we continually challenge ourselves to offer the most secure, seamless and enjoyable wearable contactless payment experience to our customers,” commented Wayne Leung, CEO of Tappy Technologies. “By introducing passive biometric payments through watch straps, we are raising the bar even higher as we enable second factor authentication in the most secure format. The ultimate aim is to facilitate higher value transactions through all types of wearable devices.
“Highly sophisticated algorithms ensure that our unique biometric sensors perform flawlessly without the need of a battery,” Leung added. “This is crucial especially for our watch brand partners as the design aesthetics of the watch remains uncompromised. Some of the biggest watch brands, card networks and banks are our trusted customers and we strongly believe that the future of wearable payments will be biometric.”
Earlier this month it was announced that Tappy will be licensing Zwipe’s core intellectual property to enable biometric authentication in a range of form factors.
New research from Goode Intelligence predicts that there will be 2.6 billion people using biometrics for payments by 2023.