Wearables for Closed Loop Systems

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Wearables for Closed Loop Systems

Samsung, Ingenico, and Smartlink have created a service they call Contactless Companion Platform (CCP) to enable payments from contactless smart cards and wearables including wristbands, key fobs, watches, rings, and more. Samsung is providing the chip, Ingenico the POS terminal, and Smartlink the mobile app and mobile transaction platform that connects all of the CCP participants. CCP was created to provide for closed-loop (private label cards, vouchers, transit tickets, access control, and more) what is being built globally for general purpose (Visa, Mastercard, UnionPay, American Express...

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