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Great Wolf Lodge Southern California installs PDC's Smart Band RFID Wristband System ••• TSL announces compatibility with Tagit Ice jewelry-tracking app ••• Vizinex RFID releases Sentry Shortie 270 RFID tag ••• Handheld Group adds RFID to its ALGIZ RT7 Android tablet ••• Visa intros NFC-enabled payment ring for Rio 2016 Olympic Games.
By Beth Bacheldor

Visa Intros NFC-Enabled Payment Ring for Rio 2016 Olympic Games

Visa has introduced a Near Field Communication (NFC)-enabled payment ring, backed by a Visa account, that will be given to all Team Visa athletes for use at the Rio 2016 Summer Olympics. The Visa payment ring will allow Team Visa athletes to make purchases by tapping their rings at any NFC-capable payment terminal. Visa Team athletes, the company explains, are groups of 45 Olympic hopefuls from around the world who embody Visa's values of acceptance, partnership and innovation.

The ring uses the patented NFC Ring design of McLear & Co. (see Grasping for the Golden (NFC) Ring), which includes a secure microchip made by French smart-card and digital-security company Gemalto, with an embedded NFC-enabled antenna. The ring does not require the use of a battery or recharging, and is water-resistant to a depth of 50 meters (164 feet)—which, according to Visa, means that Team Visa athletes like Olympic gold medalist Missy Franklin can go from the pool to payment by simply tapping the ring.

Visa's payment ring
In addition, Visa says it recently demonstrated an advanced prototype version of the Visa payment ring, which uses token technology provided through Visa Token Service. , The company reports that its token technology replaces sensitive payment information, such as the 16-digit account number, with a unique digital identifier that can be used to process payments without exposing actual account details.

"Visa's first payment ring puts smart payment technology right on the hands of our athletes for convenient and easy payments," said Jim McCarthy, Visa's executive VP of innovation and strategic partnerships, in the statement. "This ring is the latest example of how Visa is continuously innovating to deliver on its goal of universal acceptance at the games and across the world."

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