Giesecke & Devrient Enables Contactless Payment with Swatch Bellamy

Giesecke & Devrient (G&D) is the provider of the embedded smart card chip and the operating system that enable the first contactless payment watch in China, Bellamy, by  Swatch.
 
“The Swatch Bellamy makes every-day payment transactions more convenient for the global user, and we make sure that these transactions are protected,” said Stefan Auerbach, group executive Mobile Security at G&D. “We see ‘smart hardware’ as the next step toward a hyperconnected world and are poised to support this development with our security expertise. Payment functions are gradually becoming a standard feature for wearables, and we expect this trend to expand to other hardware, incorporating not only payment but also other applications, such as for example public transport. Security for these applications, the protection of data and privacy, is a must in order to create broad acceptance in the markets.”
 
The smart card chip by G&D in the Swatch Bellamy is fully compliant with the security specifications for wearable products issued by China UnionPay and allows worldwide contactless payments at all five million China UnionPay point of sales (POS) terminals equipped with NFC. In addition, the chip features a debit card function. The payment functions integrated into the watch will not consume any battery power, thus preserving the performance of the Swatch Bellamy.
 
“The Chinese and Asian markets are trendsetters when it comes to mobile applications as well as smart devices and smart hardware,” stated Dr. Roland Savoy, managing director APAC at G&D. “Swatch affording us the chance to supply security for its Bellamy watch is a clear signal that we are on the right track with our mobile security products and solutions in Asia.”