The emergence of wearable devices like Google Glass, Apple Watch, and many others—combined with contactless technology such as near field communications—are being combined in new applications for payment processing, banking, and much more. Adopting wearables for contactless transactions will require technology shifts by both merchants and consumers. Using Google Glass as the wearable example, David Meyer demonstrates how users can see their account balance inside Google Glass to make purchase decisions, transmit the purchase authorizations, and transfer funds between their bank accounts. David discusses new security challenges and authentication issues with these technologies. He explores ways to improve adoption rates, including demographics to focus on, security standards to follow, UI limitations, considerations for application design, and API development. Take back a list of requirements for developing useful and compelling applications that combine wearables and contactless technology.
David Meyer
David Meyer manages mobile banking product development at FIS, a global leader in banking and payments technologies. His dynamic role focuses on white label device clients and large scale SaaS integration for thousands of financial institutions. As a next generation tech enthusiast, David is most excited about emerging devices, handhelds, and wearables. From a thought leadership perspective, he has spoken at Red Hat forum on the impact of mobile and SaaS as well as related security and compliance considerations. He brings in-depth experience of both hardware and software to the mobile payments space. His other corporate experience includes technology leadership roles at Looppay, Insights OnDemand, IBM/Rational, and Oracle where he built the first distributed database network.