FitPay Case Study

A New Feature for Garmin’s Latest Smartwatch

As the smartwatch market has become increasingly competitive, device manufacturers like Garmin International are continually looking to increase customer engagement with their products by adding new features. Garmin teamed with NXT-ID subsidiary FitPay to develop a new capability called Garmin Pay TM , which enables users to make contactless payments at near-field communication-enabled (NFC) retail point-of- sale (POS) locations, adding a powerful new feature to one of the most complete smartwatches on the market for the active consumer.

Garmin Pay is now included on the vívoactive 3 smartwatch, which was launched by Garmin at the IFA Consumer Electronic Unlimited show in Berlin, Germany on August 31, 2017. The complete sports smartwatch offers a range of features, including Garmin Pay. The FitPay TM payment platform provides the vívoactive 3 with contactless payment capabilities and full digital wallet functionality within the Garmin application, enabling consumers to make contactless payments with the smartwatch at NFC-enabled POS terminals using an existing credit or debit card account.

Garmin Pay and the vívoactive 3 are connected to FitPay’s Trusted Payment Manager TM platform, which is integrated with Mastercard through the Mastercard Digital Enablement Service (MDES) and with Visa through the Visa Ready for Tokenization program.

FitPay’s proprietary technology platform delivers payment, credential management, authentication, and other secure services to the Internet of Things (IoT) ecosystem. The platform uses NFC technology to interact with over 10 million retail POS terminals worldwide, making it possible to pay for goods and services almost anywhere with a simple tap. FitPay’s end-to- end payment solution allows IoT and wearable device manufacturers to add payment and authentication capabilities to their products with very little start-up time, no investment in software development and access to the leading card networks. 

The FitPay platform uses tokenization, a payment security technology that replaces cardholders’ account information with a unique digital identifier (a “token”), to transact highly secure contactless payment and authentication services. FitPay leverages Embedded Secure Element (eSE) chip technology within devices to offer a payment solution that is very power and memory efficient and does not need to refresh a token once it is issued. This frees devices like the vívoactive 3 from needing to be tethered to a host device or connected the Internet to transact payments, creating a better user experience. 

This technology allowed FitPay to provide Garmin with a seamless contactless payment solution – and a powerful new feature for its latest smartwatch. 

See the vívoactive 3 in action here.