2015-10-14



With banking transactions increasing day by day, technologists have come up with great ways to make payments to retailers easy. It all started off with smartcards to replace your debit and credit cards. Innovation has reached to a whole new level, with the so called Kerv. The Kerv claims to be The World’s First Contactless Payment Ring! The flimsy smartcards are now going to replaced by smart rings. No card, PIN, bank account or smartphone required. Now you can make payments with a single gesture.



Kerv

With Kerv there is no need of charging, or pairing. It is also scratchproof and waterproof! You don’t have to be carrying a wallet or a purse anymore. You also don’t need your smartphones or smartwatches either. Carrying purses and wallets has become uncomfortable… I’m talking about the joggers and cyclists. The Kerv could be the ultimate solution for them. You can make use of the Kerv anywhere in the world that displays the contactless payment symbol.



Contactless Payment Symbol

Kerv | Highlights

You can use Kerv to pay anywhere in the world that accepts contactless payments

Make contactless payments in various amount limits across the globe

Auto top-up guarantees that you will always be able to make payments

Also for higher transactions, get an optional prepaid Kerv MasterCard

To the same online account, connect as many Kerv rings and cards

Switch the ring or card off manually or with a timer

Knock Once to Pay

Kerv Account

The Kerv Account works just like a bank account. It powers everything. Upload the Kerv account online and your rings and prepaid cards draws funds from the account. You can only spend what amount you have put in. So there are no hassles about overdraft fees and debt. With the auto top-up feature, you can check if the funds run low.

How to access?

Log in to your account on the Kerv App or secure website

Check your balance, view your settings or you can also change your settings

Kerv App

What can you do with it?

Load it direct from your bank account, from a debit card or from a credit card

Send money to friends and family via electronic transfer

Pay bills

Make recurring payments by direct debit and standing order

Filter your statement, search within it and add your own notes to transactions

Set spending limits and prohibit the purchase of certain items

Set up transaction alerts and balance notifications – to be sent straight to your phone

Connect multiple rings and cards to the same online account

Switch your rings and cards on and off for extra security – manually or on timers

Kerv | How does it work?

The Kerv comes with a secure NFC contactless payment chip. The chip gets activated when brought close to a contactless reader that is available with the retailers, in taxis or on public transport.  The Kerv is treated just like any other contactless payment card. The card reader reads the encrypted data on the chip and authorises the transaction. Funds will br withdrawn from your Kerv prepaid account. The transaction details are logged, always keeping you on top of your balance through the Kerv app or the secure website. Kerv’s sleek outer shell is made from zirconia technical ceramic, which is lightweight, hypoallergenic and one of the hardest and most scratch-resistant materials on the planet. On the inside, Kerv is finished with a gorgeously lustrous, inert hard resin, forming a waterproof seal over the electronic components. The resin is contoured in a “comfort fit” profile, which means you can wear Kerv all day, every day and you’ll barely notice it’s there.

Initially, it will come in the ten most popular ring sizes – across both men and women.You can wear Kerv on any finger you like – including your thumb (or your toes, if you’ve got decent circus skills) – so one of them’s bound to fit somewhere!

Kerv| Security

The Kerv is designed to make payments only limited to a small radius of the contactless reader. This is done to avoid any unintended transfer of data or funds.

Kerv transactions compared to other contactless payment networks are as secure as using Chip and PIN.Your purchase data is always encrypted and because Kerv never leaves your finger, the risk of cloning or theft is significantly reduced.

The Kerv account is super-secure, as it provides you with all the tools you need to add further layers of security to your transactions. You can switch your rings or cards on and off manually – or automatically with timers – and you can easily control the types of retailers at which Kerv can and can’t be used. Your account also lets you set transaction alerts and balance updates, so you’ll always be on top of your account activity.

Kerv | Availability

It is currently under development and will be available by April 2016.

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