Payments processor, The Members Group (TMG) intrigued attendees of the TMG Executive Summit with a demonstration of its custom-built wearable payments app.
In a presentation aptly named “The Future of Payments,” TMG Senior Product Manager
TMG builds wearable payments app for Google Glass
Brian Day showed financial institution leaders how the app, called See2Pay, works. Built by TMG for use with Google Glass, See2Pay lets consumers make small-dollar purchases at POS with a swipe of the touch pad on the eye wear frames.
The app is a product of the TMG Innovation Lab, a 12-month-old project devoted to building and testing consumer-centric digital payment solutions. The developer team leveraged an established person-to-person (P2P) network to build out the processing system behind the app. Transactions performed through See2Pay are routed through the Dwolla payments platform.
“In addition to helping our clients meet the changing demands of today’s consumers, it’s crucial that we anticipate the ways in which consumers will transact in the future,” comments Ryan Anderson, TMG vice president of product and a member of the Google Glass Explorer program. “The experiences that come from this wearable app will give TMG and its clients priceless insight into the behaviours and preferences of the evolving digital consumer.”
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