Distributing NFC built-in "settlement ring" that VISA can shop at the Olympics just by holding it over

For credit card VISA will be held in 2016 Rio de Janeiro Olympic Games, a ring type device that enables settlement by simply holding over the NFC-compatible payment terminal "NFC RingWe announced. NFC Ring will be distributed to all Team Visa players so that you can spend the Olympic period comfortably.

Press Release | Visa Corporate | Visa Inc.
http://pressreleases.visa.com/phoenix.zhtml?c=215693&p=irol-newsarticlePR

Visa Introduces NFC - Enabled Payment Ring for Team Visa Sponsored Athletes to Use at Rio 2016 Olympic Games | Business Wire
http://www.businesswire.com/news/home/20160602006259/en/

NFC Ring - Safe, Simple, Secure .| One Smart Ring, Unlimited Possibilities
http://nfcring.com/

NFC Ring is the first ring type payment device to link VISA cards. It is possible to do settlement through NFC by just wearing a ring and tapping on the settlement terminal. NFC RingMclearIt is a device that the company sells, it can unlock smartphones and tablets by applying NFC Ring, and can send Wi-Fi information and photos through NFC Ring.

Since NFC Ring requires no battery, it is not necessary to charge. Waterproofing up to 50 meters in depth is also being done, so it is a gold medalist in swimming, for exampleMelissa FranklinPlayers can also go to the pool to practice while wearing NFC Ring. We were looking for investment in Kickstarter in 2013, and you can see the details of NFC Ring from the following.

NFC built-in ring that can send and receive various data just by holding it over "NFC Ring" - GIGAZINE


What VISA is developing is used for mobile payments such as Apple Pay and Android PayVisa Token ServiceIt is a new type of NFC Ring compatible with the technology. Settlement information such as account number can be replaced with a special digital token, so it can be settled safely and easily.


Although NFC Ring is distributed only by Team Visa Olympic athletes, VISA plans to install 4000 NFC-compliant POS terminals to the Olympic Village and the Olympic Superstore of the Rio de Janeiro Olympics. Not only NFC Ring but also its own mobile payment system "Visa Checkout"Will be available and Olympic fans will also set up an environment that allows mobile payment through smartphones.