The first smartwatch in Google's Android Wear lineup supporting NFC payments will soon be available from South Korea’s LG, according to reports from Android Police and other sources.
Processing Content
The news confirms a surge of rumors in recent months that various Android Wear products will soon be unleashed to support the payment features enabled in the Android Wear 2.0 software update. Though Google's Android Wear beat the Apple Watch to market, most of Google's smartwatch partners did not include NFC technology.
Numerous Android Wear products have been rumored to be in development for months, with rollout expected soon.
An LG Electronics Inc. Urban watch is displayed during the Google I/O Annual Developers Conference in San Francisco, California, U.S., on Thursday, May 28, 2015. Google Inc. unveiled payment services, security upgrades and access to HBO movies and shows for its popular Android software, seeking to push back against growing competition from rivals such as Apple Inc. Photographer: David Paul Morris/Bloomberg
Kate Fitzgerald is an Arizona-based senior editor for American Banker and longtime payments reporter. Fitzgerald began her journalism career at the... Read full bio
BCB Bancorp in Bayonne, New Jersey, is turning to veteran bank executive Tom O'Brien to accelerate its turnaround after reporting significant losses in 2025.
Verizon's 2026 Data Breach Investigations Report finds attackers now break in most often through unpatched software and third-party vendors, not stolen passwords.
The companies are connecting their tools in an effort to streamline the complexities involved in payments that use digital assets and advanced artificial intelligence.
An audit by the Office of Inspector General concluded that information security programs at both the Federal Reserve Board and the Consumer Financial Protection Bureau are no longer effective due to critical vulnerabilities.