American Express and Jawbone may team up for wearable payment service

A new report says that American Express will announce a partnership sometime later this week that will allow those credit card owners to pay for items by using a future product from Jawbone.

The report from The Wall Street Journal, citing unnamed sources, says that this payment setup for the future Jawbone wearable device will work with retailers that have NFC-based check-out terminals in place This sounds similar to how Apple Pay will work with the upcoming Apple Watch.

No other details about how this partnership between American Express and Jawbone will work have been revealed. It’s also not known if Jawbone might expand this payment system to include other credit cards from companies like Visa and Master Card. However, it would seem that this kind of payment system is slowly gaining traction among mobile device makers.

Jawbone devices currently track things like a person’s movements, how many calories they have burned and their sleep activity. The company’s latest device, the Jawbone UP3, is slated to start shipping to pre-order customers on April 20.

Source: Wall Street Journal

Source: iMore

About Bhavesh Rabari

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