Under-the-Skin Implants for NFC Payments

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Under-the-Skin Implants for NFC Payments

Paying with the swipe of a hand rather than with a card or mobile device is the business of Walletmor. The company provides an implant containing a passive near field communication (NFC) chip, which has no power source but can write data to a card reader. The NFC chip initiates an EMV-compliant payment. Walletmor, which is based in the UK, has sold more than 1,000 NFC implants over the last year. Most have been installed at piercing parlors in Scandinavia, Germany and the US. The implant is a first-generation device. Improvements are under development. Implants cost $249. Installation is...

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Nilson Report

1226

September 2022

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