Wells Fargo has announced that its customers will now be able to use Garmin’s new vívoactive 3 smartwatch to seamlessly and securely make contactless payments.
The smartwatch launched in stores in late 2017. Payments can be made through the device at merchants whose payment terminals are set up to accept near-field communication (NFC) payments.
Jim Smith, head of virtual channels at Wells Fargo, said: “Wells Fargo’s more than 21 million mobile banking customers expect to make payments when and where they want and wearables like vívoactive 3 with Garmin Pay technology help enable their active lifestyles.
“We have been a leader in enabling seamless payment and wearable mobile banking experiences, and we’re thrilled to add Garmin Pay to our growing list of innovative payment solutions.”
The smartwatch is designed to meet the needs of consumers with an on-the-go lifestyle, making payments a hassle-free task. With more than 15 built-in sports apps including new profiles for cardio, yoga, elliptical and stair stepper, the vívoactive 3 takes customers from the gym to the slopes and everywhere in between.
Dan Bartel, Garmin vice president of worldwide sales, added: “We are thrilled to offer Garmin Pay to Wells Fargo cardholders. Being able to leave their phones and wallets at home and still make purchases is incredibly appealing to our active customers.”
Danny Peltz, head of treasury, merchant and payment solutions at Wells Fargo, highlighted: “Wearable technology has become the latest wave of the internet of things and it will continue to impact the way consumers manage their daily lives — including finances. We want our customers to always have the option of paying securely with Wells Fargo. We are excited to collaborate with other industry leaders like Garmin to build new, seamless customer experiences.”
Security is crucially important for consumers when making payments. The bank stated that all payments made with Garmin Pay are monitored with Wells Fargo risk and fraud detection systems.