Samsung Electronics Co. signed a commercial agreement with KB Kookmin Card and American Express on Tuesday to launch an Internet of Things (IoT) card.
The three companies have decided to collaborate to provide a credit card locator service based on Samsung’s SmartThings Find platform.
SmartThings Find is a location tracking service that uses Bluetooth Low Energy (BLE) technology to quickly locate various types of Samsung devices, including Galaxy smartphones, tablets, wearables, and more.
By applying SmartThings Find to credit cards and connecting them to Samsung Galaxy smartphones, users can access functions such as domestic and international IoT card location tracking, notifications when the smartphone and IoT card are activated. move away and search for the connected smartphone when it is lost.
If a wallet is lost while traveling abroad, users can locate the IoT card or the wallet containing the card using the SmartThings Find service on their Galaxy smartphone.
Through the latest collaboration, Samsung Electronics will provide the technology to integrate IoT cards with SmartThings Find, while KB Kookmin Card and American Express will be responsible for the development, issuance and payment systems of the IoT cards.
Write to Ik-Hwan Kim at [email protected]
