MasterCard turns wristbands, keyrings and jewellery into credit cards

MasterCard has released details on a new program that will turn wristbands, keyrings and jewellery into credit cards.

A promotional video demonstrates the different possibilities for the everyday consumer: A jogger, for instance, stops into a coffee shop to buy a bottle of water with the scan of her wearable Nymi wristband.

A busy commuter enters the subway system by simply scanning her ring at the turnstile. And at the grocery store, a General Motors key fob doubles as her credit card.

The products will be showcased at the Money 20/20 conference in Las Vegas this week.

Collaborating partners in the program include GM, wearable technology brand Nymi, smart jewellery company Ringly, and Bluetooth locator Track.

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