Safran Signals Commitment to Wearable Payments After Columbus School Pilot Project

Safran Identity & Security has concluded a three-month pilot project testing wristband-based payments at Columbus School, a university in Medellin, Colombia.

Safran Signals Commitment to Wearable Payments After Columbus School Pilot ProjectThe project was conducted in partnership with Bancolombia bank, and revolved around the use of NFC-enabled wristbands for use at a POS kiosk on campus, with participating students waving their wrists to activate debit transactions. Commenting in a statement, Bancolombia Payment Services VP Liliana Vázquez said the aim was “to simplify the day-to-day lives of students on the campus through a seamless and secure means of payment,” a goal that she said the pilot project achieved.

For Safran’s part, LATAM Sales VP Carlos Narvaez said that the use of wearables for payments is “a strongly growing trend”, and that the Columbus School project “perfectly represents tomorrow’s innovative wearable payment technology.” Narvaez went on to suggest that Safran Identity & Security is committing to this nascent market, with the company “currently working on the certification process for mass production,” and planning further wearable payment trials with other banks.

The efforts follow Safran Identity & Security’s announcement last autumn of its Style2Pay system, which is designed to turn any wearable object into a contactless payments device.