# Secure Wearable Payment Systems STMicroelectronics Joins Fidesmo on the STPay-Boost IC Wearable By Amy Duong | Published 2018-11-08 | Business Source: Trend Hunter, https://www.trendhunter.com/trends/stpayboost-ic References: [globenewswire](https://globenewswire.com/news-release/2018/10/17/1622721/0/en/STMicroelectronics-and-Fidesmo-Bring-Secure-Contactless-Transactions-to-Wearables-in-Complete-Payment-System-on-Chip.html) & [st](https://www.st.com/en/secure-mcus/stpay-boost.html?icmp=tt8282_gl_pron_sep2018) [STMicroelectronics](https://www.trendhunter.com/trends/oversonic-robotics) is a semiconductor company that creates efficient solutions in the field of electronics and it recently works together with payment service developer Fidesmo on the STPay-Boost IC device. The duo infuses a hardware security component to the wearable in order to actively protect [contactless transactions](https://www.trendhunter.com/trends/mastercards-touch-card) -- this is combined with NFC-boost technology that retains reliability through devices that have been constructed with metallic materials. The footprint functions through a single chip and it can be simply incorporated into any compatible wearable. Fidesmo uses the [MasterCard](https://www.trendhunter.com/trends/intesa-sanpaolo-1) MDES tokenization system to allow consumers to organize any personal information necessary for transaction processes. Fidesmo's CEO Mattias Eld expresses that their collaboration "opens up a new market for us with support for lightweight boosted secure elements, and broadens choices for our customers." Security is proven with the leveraged STPay software and STMicroelectronics' Java-based operating system. ## Trend Insights (Trend Hunter) - Score: 1.0/10 - Popularity: 11% | Activity: 10% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Gen Z, Millennial, Gen X - Top markets: North America, South America, Europe, Asia, Africa ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Business](https://www.trendhunter.com/business) > [Retail](https://www.trendhunter.com/retail) ## Key Themes ### Key Themes Behind This Trend - **Wearable Payment Systems:** Disruptive innovation opportunity: Develop advanced wearables with enhanced security for contactless transactions using hardware security components and NFC-boost technology. - **Hardware Security Components:** Disruptive innovation opportunity: Create secure elements that can be easily incorporated into any compatible wearable, providing active protection for payment transactions. - **Tokenization System:** Disruptive innovation opportunity: Explore lightweight boosted secure elements that support tokenization systems, expanding choices for customers in organizing personal transaction information. ### Where This Applies - **Semiconductor:** Disruptive innovation opportunity: Collaborate with payment service developers to infuse hardware security components into wearables, ensuring secure contactless transactions. - **Payment Services:** Disruptive innovation opportunity: Partner with semiconductor companies to integrate advanced security features into wearables, enhancing the reliability and protection of payment transactions. - **Wearable Technology:** Disruptive innovation opportunity: Incorporate NFC-boost technology and hardware security components into wearable devices, enabling convenient and secure contactless transactions. ## Related on Trend Hunter - [Bank-Enabled Payment Rings](https://www.trendhunter.com/trends/intesa-sanpaolo-1.md) - [Fingerprint-Scanning Payment Cards](https://www.trendhunter.com/trends/biometric-payment-cards.md) - [Physical Password Security Keys](https://www.trendhunter.com/trends/cryptnox-fido-card.md) - [Payment-Friendly Crypto Wallets](https://www.trendhunter.com/trends/secux-shield-bio.md) - [Credit Card-Eliminating Watches](https://www.trendhunter.com/trends/soulwrist.md) - [Visually Impaired Payment Devices](https://www.trendhunter.com/trends/shimmer.md) - [Specialized Semiconductor Firms](https://www.trendhunter.com/trends/semiconductor-firm.md) - [Physical Multi-Factor Security Devices](https://www.trendhunter.com/trends/feitian-multipass-k32.md) - [Tap-to-Pay Smartphone Services](https://www.trendhunter.com/trends/apple-tap-to-pay.md)