Valid Produces Prepaid Payment Bracelet

By | March 27, 2017

Valid’s BPPTag payment wristband

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.

“The way you pay is changing,” says Adriano Franki, Valid’s commercial media superintendent, “and the technology of the bracelet offers an easier, safer and faster experience.”

The bracelet acts as a prepaid card that can be recharged via debit card or ticket. Transaction history can be tracked through an application, such as recharges, account balance or device lock, in the event of loss or theft.

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.

Source: RFID Journal