IESE Payment Ring

Rikki's service has two components: the payment ring and the technology for linking the bank card to the ring.

a) the link:

Linking consists of creating and then recording an identifier ( token ) on the ring. This token uniquely represents the linked card and the device used and allows Visa or MasterCard to identify the user's card without the need to transport sensitive data through payment processing circuits.

This process, called card tokenization, offers greater security to the user and eliminates the risk of having their card cloned (copied). Thanks to agreements with Visa and MasterCard, Rikki can offer this service to its customers.

b) the ring

On the other hand, the Rikki ring contains a banking security chip, also certified by Visa and MasterCard, which is specially designed to manage the payment token of bank cards.

The ring uses NFC technology to connect to dataphones, but this technology is only one form of communication, such as Bluetooth, Wi-Fi, 5G, etc. The important thing is not that it has NFC, but that it has a special chip , that this chip is certified and that Rikki has the agreements and technology that allow the Rikki ring to function and be accepted worldwide.

Paying with your Rikki ring is safer than paying with a bank card because your details are never exposed. Your identity cannot be hacked because the chip does not store any of this data, but contains a token that is only readable by Visa and MasterCard.

If you lose the ring, you can disconnect it from the Rikki app with just one click.

The Rikki app offers you the following security features:

• Ability to temporarily lock and unlock your ring, anytime, anywhere.
• Total blocking of the ring in case of loss or theft, so that no one, except you, can use the ring, or reset it to record their card inside.

No, you don't need your mobile phone to pay. You can go to the beach, swim and then have a drink at the beach bar, just by carrying your ring with you.

No, they can't be done.

To make a payment, you have to touch the dataphone in the NFC area and hold it there for 1-2 seconds until you hear the device beep.

Only if you work with a dataphone on a daily basis should you be careful, but in this case you can pause ring payments while you work so that reading is not allowed.

Due to the limitations of banking licenses, you can use our service only if you are a national or resident of an EC country.

Yes, you can use the ring to pay anywhere in the world.

Absolutely! You can pay with your Rikki anywhere in the world that accepts Visa and MasterCard contactless payments.

No, the ring is paid for once and there are no additional costs.

The card is linked to the ring through the Rikki app.

You can download the Rikki app from Google Play or the Apple Store.

With your purchase, we'll send you a link to a step-by-step guide on how to link your cards.

You can link Visa, MasterCard, Diners, Discover, Credit and Debit cards to the ring.