Coil Payments

Coil is a payment-enabled smartwatch that banks can issue to their members instead of cards.

Services
Mobile SDKs
Firmware Engr.
Date
March 24, 2021

Overview

Coil is a payment-enabled smartwatch that banks can issue to their members instead of (or in concert with) plastic payment and credit cards. In order to adapt to the bank’s needs, we offer multiple solutions and ways to integrate with the bank.

Execution

Bracelet Features

  • Multiple payments options (different payment cards),
  • Pay with a bracelet when the battery is empty,
  • Skin detachment sensor,
  • Pin locked bracelet (CDCVM),
  • Check balance,
  • View payment history,
  • Send/receive money,
  • Instant pay integration,
  • Split check with friends and family,
  • VISA & Mastercard certified,
  • EMVCo certified.
  • Smartwatch capabilities (messages, notifications, calls,...)
  • Fitness tracking capabilities
  • App capabilities

The Coil’s SDK will provide the following features to the bank’s mobile application:

  • Bracelet pairing,
  • Bracelet management (updating, settings, etc.),
  • Credit card tokenization on both Android and iOS.

Results

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