MasterCard Brings Payments To Luxury Brand Watches And Wearables

PURCHASE, NY -- MasterCard has partnered with Swiss e-security company WISeKey to enable contactless payments on select luxury brand watches and wearables. WISeKey currently works with premium watch manufacturers, including Hublot and Bulgari, which use its patented security software.

The partnership adds new devices and brands to ongoing MasterCard programs that bring payments to any consumer gadget, accessory or wearable -- from fitness bands to refrigerators.

"Our collaboration with WISeKey is a great example of how payments functionality can deliver more value for a variety of device manufacturers, and create safe and convenient shopping experiences for their consumers," said MasterCard senior vice-president of digital payments and labs Sherri Haymond. "Together, we are using our collective innovative technology and expertise to transform the way people pay for things."

MasterCard will integrate its payments technology with WISeKey's Cryptographic Root of Trust for IoT and NFCTrusted technology solutions, providing consumers with the freedom to securely shop using their watch or wearable.