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Mastercard, Wirecard Pair Up for Payment Via Wearables
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Mastercard Incorporated (MA - Free Report) and Wirecard recently announced their agreement to boost the current strategic cooperation with the purpose of making digital, contactless payments through wearables accessible to customers. This collaboration between the global innovation leader of digital financial technology and the international technology company for payment transactions will allow its users to make mobile transactions without the mediation of their bank.
With this tie-up, customers in Germany can currently avail of boon from Wirecard via Garmin Pay. Boon is not only the industry’s first fully digitized mobile payment solution for operating independently of banks since 2015 but is also the fastest growing mobile payment solution in Europe.
This would allow them to make smartwatch-based payments with boon in Germany as well as across six other European countries without the involvement of their banks because they are the owners of a digital boon Mastercard.
Apart from the f??nix 5 Plus series, Garmin Pay functions with the GPS multisport smartwatches vívoactive 3 and vívoactive 3 Music plus the GPS fitness watches Forerunner 645 and Forerunner 645 Music.
With this unique process, customers can expect immediate, hassle-free payment solutions.
The companies have also planned more future projects, which will boost mobile payment services via smartwatches for more users. They are actively working on successfully building the future of contactless digital payments.
Last year both Visa Inc. (V - Free Report) and MasterCard tied up with Fitbit for contactless wearable payments.
The payment industry is changing rapidly, driven by high expectations of customers for value-added services, new payment making technologies, etc. Therefore, instant payment tools and contactless payments continue to gain popularity in this context. Per Visa, payment volume via wearables is expected to grow to $501.1 billion, approximately accounting for 20% of all proximity payments, by 2020. Preparing for this shift, Visa has made a number of programs and new payment technologies available over the last several years, thus empowering partners to offer safe, secure and convenient ways to pay across a range of connected devices.
Shares of this Zacks Rank #3(Hold) company have soared 61.6%, outperforming its industry’s surge of nearly 37.2% in the past year.
Stocks to Consider
Better-ranked stocks from the business service sector include Everi Holdings Inc. (EVRI - Free Report) and Green Dot Corporation (GDOT - Free Report) .
Everi offers technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America and Asia. The stock sports a Zacks Rank #1 (Strong Buy) and managed to pull off an average four-quarter positive surprise of 50.7%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Green Dot and its subsidiaries operate as a pro-consumer bank holding company, providing personal banking for the masses. The company carries a Zacks Rank #2(Buy) and came up with an average trailing four-quarter beat of 21.37%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Mastercard, Wirecard Pair Up for Payment Via Wearables
Mastercard Incorporated (MA - Free Report) and Wirecard recently announced their agreement to boost the current strategic cooperation with the purpose of making digital, contactless payments through wearables accessible to customers. This collaboration between the global innovation leader of digital financial technology and the international technology company for payment transactions will allow its users to make mobile transactions without the mediation of their bank.
With this tie-up, customers in Germany can currently avail of boon from Wirecard via Garmin Pay. Boon is not only the industry’s first fully digitized mobile payment solution for operating independently of banks since 2015 but is also the fastest growing mobile payment solution in Europe.
This would allow them to make smartwatch-based payments with boon in Germany as well as across six other European countries without the involvement of their banks because they are the owners of a digital boon Mastercard.
Apart from the f??nix 5 Plus series, Garmin Pay functions with the GPS multisport smartwatches vívoactive 3 and vívoactive 3 Music plus the GPS fitness watches Forerunner 645 and Forerunner 645 Music.
With this unique process, customers can expect immediate, hassle-free payment solutions.
The companies have also planned more future projects, which will boost mobile payment services via smartwatches for more users. They are actively working on successfully building the future of contactless digital payments.
Last year both Visa Inc. (V - Free Report) and MasterCard tied up with Fitbit for contactless wearable payments.
The payment industry is changing rapidly, driven by high expectations of customers for value-added services, new payment making technologies, etc. Therefore, instant payment tools and contactless payments continue to gain popularity in this context. Per Visa, payment volume via wearables is expected to grow to $501.1 billion, approximately accounting for 20% of all proximity payments, by 2020. Preparing for this shift, Visa has made a number of programs and new payment technologies available over the last several years, thus empowering partners to offer safe, secure and convenient ways to pay across a range of connected devices.
Shares of this Zacks Rank #3(Hold) company have soared 61.6%, outperforming its industry’s surge of nearly 37.2% in the past year.
Stocks to Consider
Better-ranked stocks from the business service sector include Everi Holdings Inc. (EVRI - Free Report) and Green Dot Corporation (GDOT - Free Report) .
Everi offers technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America and Asia. The stock sports a Zacks Rank #1 (Strong Buy) and managed to pull off an average four-quarter positive surprise of 50.7%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Green Dot and its subsidiaries operate as a pro-consumer bank holding company, providing personal banking for the masses. The company carries a Zacks Rank #2(Buy) and came up with an average trailing four-quarter beat of 21.37%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>