Consumers who regularly revolve all or part of their credit card balance are the most likely to adopt
wearable payment technology
STRATEGIC RECOMMENDATIONS
Payments cannot be the only use case of a wearable device
Wearables must be convenient to use and compatible with POS infrastructure
Partnerships are critical to a strong product
APPENDIX
Abbreviations and acronyms
Definitions
Biometrics
Closed-loop digital wallet
Credit card
Currency
Digital wallet
EMV
Mobile payments
Mobile proximity payments
Mobile wallet
NFC
Open-loop digital wallet
POS terminal
Smartphone
Transactors and revolvers
Wearables
Methodology