May 17, 2007

Wristwatch Equipped With A Built-In Credit Card

Wristwatch Equipped With A Built-In Credit Card

Here's this cool gadget you certainly won't see every day. A bank (Garanti Bank) in Turkey has teamed up with MasterCard to offer the world's first watch with a PayPass-enabled credit card built in.

PayPass is a special technology enabled on credit cards and keytags that allow consumers to pay for smaller purchases by just tapping it onto a special sensor.

"Consumers can simply tap their new watches on the PayPass reader to make the equivalent of a credit card purchase at more than 600 merchant locations in Turkey, including major names such as Burger King, Starbucks, Cinebonus, TAV (Istanbul Atatürk Airport Otopark), and the Istanbul Ferry Corporation. The PayPass watch allows users to make purchases under 15 euros, with no signature or PIN required. Larger purchases will still require a signature."
(Via Wristdreams) Webwire