CAPE TOWN - First National Bank has announced that its customers can now make payments through their Visa-enabled FNB Banking Cards, by using their Fitbit or Garmin Wearable on any contactless-enabled point-of-sale device.
How it works:
1. To make a payment, a customer simply selects the wallet feature and
2. Tap your wearable on the contactless point of sale, just as they would when paying with their FNB Pay enabled smartphone or their contactless card
3. When linking an FNB Banking Card on the Fitbit or Garmin App, customers will be sent an OTP message via the FNB Banking App, SMS or email.
4. Users will also need to download the Fitbit or Garmin App onto their cellphones.
Jason Viljoen, head of Digital Payments at FNB said: “This latest offering complements a number of our digital solutions that enable customers to conveniently make payments without the need for carrying a physical card or cash,” said
To ensure security safety, Viljoen said that they have added encryption and tokenisation. He added that customers can rest assured that their card details will remain private and secure as they will never be shared with retailers, Fitbit or Garmin.
Additionally, as an added measure whenever the wearable device is removed from your wrist you will be required to enter your wearable pass-code once placed back on your wrist in order to re-activate the functionality.
“The device stays authenticated for 24 hours or until you take it off your wrist. In addition, the point of sale device will also prompt you to enter your card PIN for certain transactions. Both your card PIN and device passcode should never be shared with anyone.” said Viljoen.
This new payment solution is available to existing FNB/RMB Private Bank cardholders, who have a compatible Fitbit or Garmin device.
The list of compatible wearables can be found on the Garmin and Fitbit websites.
Customers will receive transaction notifications via the Banking App, SMS or email. They will also be able to view their transactions on their Fitbit or Garmin App.