Home Samsung announces a new Contactless Companion Platform in association with Smartlink and Ingenico

Samsung announces a new Contactless Companion Platform in association with Smartlink and Ingenico

Samsung recently announced a new mode of digital cash service called Contactless Companion Platform (CCP) in a partnership with Smartlink and Ingenico. Samsung contributes to the partnership with its dual interface smart card chip. This smart chip enables seamless contactless payment method keeping security as the top most priority as claimed by Samsung.  The Smart Chip’s versatility helps it in being implemented in multiple applications and form factors. Samsung had demoed CCP just a month ago at Mobile World Congress, 2017.
Unlike Samsung Pay which limits the payment process either with a Samsung Pay compatible phone or wearable, Contactless Companion Platform could have a larger end consumers group using the platform as the digital wallet is accessed only to top-up cash from a smartphone and then payments can be done via any CCP enabled device, which could be a dedicated smart card, wristband, key fob, or even a mechanical watch or a smart ring.
The money top up can also be done on PC and POS terminals apart from, Android and iOS smartphones. The CCP service can also integrate digital cash payments with loyalty points, vouchers, travel cards, ticketing, etc to make it easier for consumers to access service of their choice.
Swiss watchmakers Winwatch and Montfort have started to embedContactless Companion Platform chips in their mechanical wristwatches and have already developed a wristwatch each which were also a part of the unveiling at MWC. Samsung claims that more CCP-enabled wearables and accessories are in the process of hitting the market soon and a Swiss Fintech company is all set to immediately roll-out dedicated CCP-enabled smart cards in several Eastern European countries.



About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the tech industry for major developments, new product launches, AI breakthroughs, video game releases and other newsworthy events. Editors assign relevant stories to staff writers or freelance contributors with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Get the biggest tech headlines of the day delivered to your inbox

    By signing up, you agree to our Terms and Privacy Policy. Unsubscribe anytime.

    Tech News

    Explore the latest in tech with our Tech News. We cut through the noise for concise, relevant updates, keeping you informed about the rapidly evolving tech landscape with curated content that separates signal from noise.

    In-Depth Tech Stories

    Explore tech impact in In-Depth Stories. Narrative data journalism offers comprehensive analyses, revealing stories behind data. Understand industry trends for a deeper perspective on tech's intricate relationships with society.

    Expert Reviews

    Empower decisions with Expert Reviews, merging industry expertise and insightful analysis. Delve into tech intricacies, get the best deals, and stay ahead with our trustworthy guide to navigating the ever-changing tech market.