![](\"https:\/\/tctechcrunch2011.files.wordpress.com\/2017\/03\/samsung-ccp-1.png?w=738\")
<\/p>\n<\/p>\n
While Samsung\u2019s most high profile contactless payment push is the eponymous Samsung Pay<\/a>\u00a0\u2014 aka its mobile payments product, which competes with the likes of Apple Pay and Android Pay \u2014\u00a0the company is today bigging up another approach\u00a0it\u2019s backing, with the not so catchy name of Contactless Companion Platform (CCP).<\/p>\n The initiative, which is a partnership with Swiss fintech company Smartlink and POS &\u00a0payment tech\u00a0provider Ingenico, is aimed at expanding access to contactless payments beyond owners of NFC-enabled smartphones, and even to people who don\u2019t have bank accounts\u00a0\u2014 via a tiny NFC chip that can be embedded into a range of devices and form factors.<\/p>\n Potential payment devices could include anything from a payment card to a rubber wristband, a keyfob or a piece of jewelry. Swiss watchmakers Winwatch and Montfort, for example, both\u00a0recently showed\u00a0traditional\u00a0wristwatches with the CCP chip embedded, and will be implementing the chips into their watches \u2014\u00a0adding a payment capability you can find on a smartwatch\u00a0like the Apple Watch to a range of non-smartwatches.<\/p>\n Samsung\u2019s NFC director J\u00f6rg Suchy\u00a0even suggests the chip could be embedded into clothing in future \u2014 so you could pay with your sleeve, for example.\u00a0\u201cSamsung is looking for other wearable manufacturers to get on board and \u2018payment-enable\u2019 their devices to make them more attractive to customers,\u201d he said.<\/p>\n \u201cThe beauty of the CCP is that wearable manufacturers don\u2019t\u00a0have to significantly change the design of their devices to incorporate the technology \u2014 it\u2019s a case of inserting the tiny chip to enable the device for payment,\u201d\u00a0Suchy added.<\/p>\n Chipped\u00a0devices are managed via\u00a0a smartphone app, where they can be linked to a bank account and credit cards. But they could\u00a0also potentially be\u00a0topped up via other methods, including with\u00a0cash, as part of the mission to widen access to contactless\u00a0tech. The\u00a0idea with cash would be the owner\u00a0of a CCP device takes it into a shop and hands over cash to load onto it (in the same way that London\u2019s contactless Oyster travelcard can function, for example).<\/p>\n And while Oyster cards have been superseded for many Londoners\u00a0by the transport network adding support for paying with contactless bank cards (which are very common in the UK), an embeddable contactless tech that would enable\u00a0users to tap to pay without needing to also have a bank account potentially opens up\u00a0contactless payments to\u00a0groups that might be excluded, such as children, refugees and the homeless.<\/p>\n \u201cIt becomes much easier for countries to progress towards a \u2018cashless society\u2019, and governments can get rid of the hassle of coins, reduce the cost of printing money, reduce the threat of counterfeit notes, etc,\u201d said\u00a0Suchy.<\/p>\n Safety features designed into the platform include the ability to deactivate the payment chips via the app; and\u00a0time stamps \u2014 so a user\u00a0could, for example, load a small amount of money\u00a0onto a wristband for an hour while they\u00a0go running, and then after the time has elapsed\u00a0any of the money\u00a0not\u00a0used is automatically returned\u00a0to their\u00a0CCP account.<\/p>\n Samsung\u00a0said today it will be\u00a0trialling the CCP in Eastern Europe this\u00a0April, with\u00a015,000 users \u2014 with a view to further expanding in the region thereafter.<\/p>\n Of course, with any payment tech, the platform will need to get device makers on board embedding the chips and establish a payment support ecosystem to enable capabilities such as\u00a0cash top-ups \u2014 hence Samsung working with POS\u00a0partners for\u00a0this platform approach.<\/p>\n","protected":false},"excerpt":{"rendered":"![\"\"](\"https:\/\/tctechcrunch2011.files.wordpress.com\/2017\/03\/samsung-ccp-1.png?w=680\")
While Samsung’s most high profile contactless payment push is the eponymous Samsung Pay — aka its mobile payments product, which competes with the likes of Apple Pay and Android Pay — the company is today bigging up another approach it’s backing, with the not so catchy name of Contactless Companion Platform (CCP). Read More<\/a><\/p>\n\n<\/img><\/a>
<\/img><\/a>
<\/img><\/a>
<\/img><\/a>
<\/img><\/a>
<\/img><\/a>\n<\/div>\n
<\/p>\n","protected":false},"author":5817,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[25],"tags":[59,66,26],"class_list":["post-336626","post","type-post","status-publish","format-standard","hentry","category-technology","tag-media","tag-techcrunch","tag-technology"],"_links":{"self":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts\/336626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/users\/5817"}],"replies":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/comments?post=336626"}],"version-history":[{"count":0,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts\/336626\/revisions"}],"wp:attachment":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/media?parent=336626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/categories?post=336626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/tags?post=336626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}