The wearable payments revolution is here

Today’s consumers increasingly expect the brands they do business with to offer a seamless experience across channels, and that extends to payments. To accelerate the integration of payments with Internet of Things devices, such as wearables, CO-OP Financial Services is making wearable payments support available to its credit union clients.

Supporting wearable payments will become increasingly important as consumer demand for the technology increases. According to a Visa study, 83% of consumers want to use a connected device to enhance the payments experience. By supporting payments integration into devices like fitness bands by Garmin and Fitbit, CO-OP is addressing that demand.

“As modern consumers experience the digital transformation of once routine tasks, they expect financial institutions to keep up,” said Nish Modi, Vice President Digital & Business Intelligence Strategy and Product, for CO-OP. “CO-OP wants to help our credit union partners exceed that expectation by giving them easy, affordable access to seamless digital payment tools.”

 

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