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Decoupled Tokenization: Right Solution for Wearable Devices?

According to CCS Insight’s global forecast, by 2018, over 250 million smart wearable devices will be in use – 14 times more than in 2013. The shipments of smart wearable devices are expected to grow rapidly – from 9.7 million in 2013 to 135 million in 2018.

Traditionally, the provisioning of the wearable devices with the underlying payment account credentials has been a challenge. It can either be done by permanent coupling of the payment token to the underlying payment card account credentials during manufacturing, or via complex remote provisioning procedures, using trusted service managers or equivalent entities (yet another party in the value chain asking to be paid for the sophisticated and sensitive service), etc. What if a consumer wants to have another card linked to the same NFC wearable device a couple of hours later or wants to alternate ...

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