Australia's bank to push RFID smart ring first 2018-03-27

Wear a smart RFID smart ring on your finger to complete all payments. When you go out, you can complete the payment without using a mobile phone, bank card, wallet, or cash. This will make it possible in Australia. The first RFID smart ring launched in Australia has already begun operation.

rfid card application

According to Australian News Corporation, Matt Barr, senior vice president of digital and new payment processes at Mastercard, said that this is only the beginning of a more innovative and “cool” payment method in 2018.
As for security, anyone can wear your RFID smart ring and use contactless payment methods to pay less than $100, but like a bank card, users need to be careful not to lose their ring.
Barr said: "If there is a security problem, we will not bring this technology to market. This ring is bound to a bank account, the bank can take control measures on your card (or ring), set spending limits for the account, and Make restrictions on specific business categories."
Consumers will not suffer from fraud and illegal payments. If consumers can prove that the transaction was not conducted by the account holder itself, unauthorized payments on the wearable device will be refunded.
It is understood that other large Australian banks are also considering launching RFID smart ring-shaped payment devices. On a global scale, payment methods have been varied, including sunglasses and scarves, as well as RFID smart watches and RFID smart cards that we are familiar with.
Alex Boorman of RFi, a strategic intelligence company, said that the four major banks offer a variety of wearables, including wearables, which will be available on the market. He said that these devices are still relatively novel, but they will eventually become "meaningful things" that consumers will use every day.

In 2018, the Meihe smart card factory developed an RFID smart ring ring of the same type that can replace various functions such as access control, membership, and recharge. Deeply loved by consumers, this RFID smart ring ring is more convenient than the traditional rfid card and RFID key chain. It is more favored by consumers whether it is carried or used. At present, some customers have purchased rfid. Smart ring replaces the traditional rfid card.

rfid smart ring

rfid smart ring

    share to :

New Products
  • Led Timer Bracelet for Trampoline

    Flashing Time Management rechargeable Led Wristbands& Bracelet for Trampoline Park

    Our Led Timer Bracelet for Trampoline, a game - changer for trampoline park management and customer experience!

  • Time Reminder Wristband

    Customized HF LED RFID NFC Wristband for Adventure Park

    Equipped with a high-frequency chip for seamless integration with various access control systems, these wristbands feature magnetic charging, reaching full power in just 60 minutes for a continuous usage of up to 24 hours. Additionally, with an IP68 waterproof rating, they are ideal for diverse settings such as trampoline parks, children's adventure zones, climbing gyms, water parks, swimming pools, badminton courts, and kids' entertainment areas, providing precise timekeeping solutions in a variety of environments.

  •  RFID Countdown Time Reminder Vibration Wristbands

    Customized RFID Countdown Time Reminder Wristbands for Indoor Activities

    As a leading RFID wristband manufacturer in China, we are proud to announce the launch of our latest innovation, the next-generation RFID Vibration Countdown Reminder Wristband. Building upon the success of its predecessors, this wristband features enhanced aesthetics and superior illumination. Its semi-transparent injection-molded casing ensures color longevity for up to two years.

  •  RFID Countdown Time Vibration Wristbands

    Waterproof RFID Countdown Time Reminder Vibration Wristbands for Indoor Events

    Meihe new RFID Vibrating Countdown Reminder Wristband stands out from its predecessors with its redesigned appearance and enhanced luminosity. The semi-transparent outer shell not only adds a touch of aesthetic appeal but also ensures that the wristband will retain its original color for a span of two years. This durable and stylish design is perfect for a wide range of timing venues, such as trampoline parks, children's adventure playgrounds, climbing gyms, water parks, swimming pools, badminton courts, and kids' recreational areas.

Copyright © Shenzhen Meihe Induction Technology Co. Ltd. all rights reserved. powered by dyyseo.com / Sitemap / XML / Privacy Policy

welcome to Meihe
If you have any questions or requirements,please leave us a message,we will reply you in 1 hours during our working time. Contact us for free samples and free suggestions.
   

Home

products

about

contact