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Valid Produces Prepaid Payment Bracelet
The device uses NFC RFID technology to exchange encrypted data with a debit machine.
Mar 27, 2017—
Valid, a global provider of customized secure solutions, has produced BPPTag payment wristbands, recently launched by Brasil Pré-Pagos (BPP) and Visa. The device works with Near Field Communication (NFC) RFID technology.
The communication technology allows the secure exchange of proximity-encrypted data with a debit machine. In Brazil, there are approximately 2.8 million such machines that already offer this functionality.
In order to pay for a retail purchase with the bracelet, a shopper need only bring it close to a terminal. Purchases below $50 do not require a password. "The transfer process with the wristband is no different from the one carried out with a plastic chip card," Franki explains.
In terms of technology, the wristband and all wearable payments are protected by the same terms and conditions applicable to prepaid cards. Composed of silicone, the bracelet is resistant to sweat and water, and is available in seven colors.
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