Edge Mobile announces NFC ring payment device

Edge Mobile Payments, a San Francisco based fintech startup, announced that it will be adding an NFC ring payment device to its product line. The ring is supported by a patent application, originating from its recently-acquired Nexus IP assets and is positioned to be one of the earliest in the NFC wearable payments space. This patent application is one of several divisional filings tying back to the Nexus 2005 patent portfolio relating to wearables.

The Edge Ring will be added to Edge’s growing body of payment devices designed to give consumers a commerce experience that fits their lifestyle. “The ring represents a new form factor that will make NFC payments possible even when a consumer is without their smartphone. Our goal is to build out a comprehensive digital banking platform with multiple connected payment devices that will give our customers options for how they make payments and how they interact with their finances – making transactions easy, fast and safe.”, said Peter Garrett, CEO of Edge.