# GlobalPlatform enhances Secure Element deployment for payment-enabled wearables
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-10-16
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: GlobalPlatform Financial Configuration for Secure Wearables
Meta Description: Discover how the Financial Configuration streamlines development and deployment for secure digital services in the financial sector, enabling seamless payment,
URL: https://financedigest.com/globalplatform-enhances-secure-element-deployment-for-payment-enabled-wearableshtml

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_New configuration supports financial services sector to manage multiple applications including payment, access control and transport ticketing_

GlobalPlatform, the standard for secure digital services and devices, has published a Financial Configuration to update the configuration for banking smart cards and support the deployment of Secure Elements (SEs) in contactless-enabled wearables like rings and wristbands. Chip and device makers, banks and app developers now have an implementation guide to help them launch wearables that can be remotely updated and support multiple applications including payment, access control and transport ticketing.

“Contactless [payment](https://www.financedigest.com/contactless-payments-spirit-willing-but-is-the-market.html "Contactless Payments: Spirit Willing but is the Market?") cards have made us familiar with tap & go, and smartphones have made the convenience of multi-function devices desirable. Wearables such as smart rings and smart wristbands are [bridging the gap](https://www.financedigest.com/bridging-the-gap-between-banking-and-digital-accessibility-in-todays-digital-by-default-world.html "Bridging the Gap Between Banking and Digital Accessibility in Today’s ‘Digital by Default’ World") between simple cards and feature-rich smartphones by enabling consumers to pay, unlock and travel with a tap,” comments Gil Bernabeu, Technical Director of GlobalPlatform. “This new configuration standardizes all of this, [saving implementers time and money](https://www.financedigest.com/six-tips-for-saving-money-and-investing-wisely.html "Six Tips For Saving Money And Investing Wisely"), increasing revenue opportunities and enriching the experience for consumers.”

The [Financial Configuration 1.0](https://globalplatform.org/specs-library/?utm_source=iseepr&utm_medium=PR&utm_campaign=SE) defines the minimum implementation requirements of the GlobalPlatform Card Specification for financial products. It enables users to identify the exact specifications relevant to their [project to ease development and deployment](https://www.financedigest.com/deployed-raises-4m-to-redefine-how-statements-of-work-are-created-and-projects-are-planned.html "Deployed raises M to redefine how Statements Of Work are created and projects are planned"). Sub-configurations introduce new options to address different types of objects, from a simple card with a single payment application through to a multi-use, multi-application contactless wearable. This configuration supersedes the Basic Financial Configuration, which was created primarily for [plastic payment smart cards](https://www.financedigest.com/the-plastic-cards-market-to-grasp-through-the-fine-courses-of-novelty.html "The Plastic Cards Market To Grasp Through The Fine Courses Of Novelty").

“The Card Spec is extensive, covering a wide range of use [cases and business](https://www.financedigest.com/building-a-business-case-for-integrated-payments.html "Building a Business Case for Integrated Payments") models that are not needed by manufacturers launching these simpler contactless wearables,” adds Gil. “Configurations give them the focused subset of specs they need, reducing the [time needed](https://www.financedigest.com/lending-is-behind-the-times-the-need-to-modernise.html "Lending is behind the times – the need to modernise") to develop and deploy new devices and services.

“More broadly, with the Financial Configuration, device makers embedding SEs now have a consistent approach, regardless of whether they are launching a [payment card](https://www.financedigest.com/why-latin-america-chose-biometric-authentication-for-payment-cards.html "Why Latin America Chose Biometric Authentication for Payment Cards"), a contactless wearable or a feature-rich smartphone. This gives the financial community a single point of reference to [protect all of their devices](https://www.financedigest.com/the-hearing-protection-devices-market-to-project-invigoration.html "The Hearing Protection Devices Market To Project Invigoration") and services.”

[Become a member](https://globalplatform.org/join-us/become-a-member/?utm_source=iseepr&utm_medium=PR&utm_campaign=SE) to get involved in the maintenance and advancement of the GlobalPlatform SE Specifications. Interested in learning more? Download the [‘Introduction to Secure Elements’ guide](https://globalplatform.org/resource-publication/introduction-to-secure-elements/?utm_source=iseepr&utm_medium=PR&utm_campaign=SE).


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