As of January 2019 all Berg watches sold online and at certain retail stores will come with a payment watch strap. This means that the watch strap will contain a NFC chip from our partners at Fidesmo. This chip will allow you to send an encrypted copy of your credit card to the chip using an app. We also offer support for micro credit cards developed by EVRY that will be available to order online from certain banks to be put directly into a pocket in the strap.
At Berg we have been working for over a year to onboard banks to support our payment options. At the same time we are dependent on the card companies to certify the solution itself.
When it comes to the built-in Fidesmo NFC chip in the strap underneath the salmon leather, we are waiting for the integration between Fidesmo and Mastercard to be finalized. The integration process has been going on since August to optimize the efficiency of the device and making it as secure as possible so that you as a customer will be sure that your device is as convenient and secure to use as possible. Fidesmo is running a new integration test with Mastercard in January, where we hope the integration can be finalized and everything will be approved. Since the certification of the chip is done, your Holmenkollen is ready to be used for payment, once the integration is complete. Several large Scandinavian banks have already stated that they will support this solution once the chip is certified. We will inform you over email as soon as this happens with instructions and tutorials how you can add your existing payment card to your Holmenkollen.
In partnership with EVRY we have developed a pocket that has an easy to use "plug & play" solution where you can order a micro credit card from a bank that offers this and slide it right into the pocket and you will be able to pay with your watch.
This solution is specifically developed for the Norwegian market by EVRY and they are on boarding banks continuously to support their solution that will drop as of January 2019. This option is certified by BankAxept, but waiting for Visa and Mastercard to certify it so it can be used outside of just Norway. At the moment Handelsbanken is the only bank that has announce publicly that they will support this solution, but we know that there are other banks that have agreed to offer this to their customers and more are signing up. We are sadly not allowed to go public with these bank names before they announce it themselves.
We are extremely sorry about the delay in terms of the payment possibility with the watch. The functions are there, we just need the final approval from Mastercard to proceed. All parties are working hard on getting this up and running as fast as possible and with as many possibilities for you as a customer as possible.
If there is is one thing we have learned in 2018 it is that things take a very long time in the financial/payment industry. For 2019 we take this new wisdom with us and will do our very best to make the plattform as convenient for you as the end customer as possible. We are also looking forward to introducing more functions for you to use for the watch. Here are some of the products/functions we have in our pipeline:
- Opening smart doors using your watch.
- Storing your gym keycard in your strap
- Loyalty program where you get cashback at certain retailers and restaurants.
- Support for public transport tickets inside your watch.
We are very aware that it can be frustrating that things are taking some time, but we assure you that we are doing our very best to make Berg the best wearable payment product on the market. An example of this is that BankAxept have said yes to that they want Berg to be the first wearable product that have support for BankAxept payments.
The most important thing for us here at Berg is that everyone receive their watches in time for Christmas as they are likely to be found under hundreds of Christmas trees this holiday season.
Merry Christmas to you and your family! We will kickstart 2019 with a bang!
Paal Friele Grung