2 June 2006 15:28 GMT / By Amber Maitland
Swiss watchmaker LAKS has designed the first watch equipped with MasterCard PayPass, a new "contactless" way to pay.Rather than having to swipe your card and signing for a transaction, PayPass allows you to tap your enabled device, whether it be a card (and now a watch), on to a PayPass reader, bypassing the need to sign.
The LAKS SmartTransaction Watch lets you pay for your goods simply by tapping your watch on to the PayPass reader.
PayPass is designed for quick and easy transactions usually under $25. Most retailers require a signature for larger sums.
The system is designed for greater security than conventional cards, because your PayPass never leaves your hand.
Whether PayPass will catch on the UK, now that the Chip and Pin system is in place, remains to be seen.
According to one report, Royal Bank of Scotland plans to roll out the technology in the UK later in the year, giving the phrase "time is money" even more credance. Gadgets, Watches, laks



Is Facebook about to buy Opera to create own Facebook browser? EXCLUSIVE: Pocket-lint source tells us "yes"
APP OF THE DAY: The Weather Channel review (iPhone / iPod touch) Tonight for the first time, just about half-past ten...
Mazda CX5 2.2 TDI AWD A very zoomy SUV
Apple testing 3.95-inch iPhone 5, with 16:9 display 1136 x 640 resolution revolution
Jony Ive: Next Apple product is our most important and best work yet Better than iPod, iPad and iPhone?
Running blind: How Simon Wheatcroft uses his iPhone to see Runkeeper and more let this man run solo
Which smartphone is best for the sun? Screens for the Summer
WIN: Tickets to Ibiza Rocks to see Maverick Sabre and Labrinth live Epic prize courtesy of Sony
Dragon's Dogma Adventure time
Batman Nokia Lumia 900: Limited edition phone heading to UK Who are you? I'm Batman
Tom Clancy’s Ghost Recon: Future Soldier Roger likes a Tango at 12 o'clock
Bungie Destiny contract reveals Xbox 720 will arrive in 2013 - E3 announcement? Commissioned for Xbox 360 and "next Xbox"
Robert Moog Google doodle best yet, even better than Les Paul Synthesizer synthesiser
Porsche 911 Carrera (991) 2012 pictures and hands-on WANT
British Gas turns Team GB swimming stars into superheroes Aquanauts assemble
Olympus OM-D E-M5 review
The compact system camera to beat all others?
Nokia Lumia 900 review
Is big beautiful?
HTC One V review
V for victory?
Huawei Ascend G300 review
Big bang for your hundred quid
FIFA 12: UEFA Euro 2012 review
Lacks polish, if not the Polish
Asus Transformer Pad TF300T review
Transforms your money in to a great tablet
Nikon Coolpix P510 review
Does the P510 zoom beyond expectations?
Fujifilm X-Pro1 review
Like a Leica
Volkswagen Beetle Design 1.2TSi DSG review
The bug is back. Again.
BlackBerry Curve 9320 review
A BB for beginners?
Fujifilm FinePix HS30EXR review
Can Fujifilm’s latest put the ‘super’ in superzoom?
HP Envy 14 Spectre review
The Ultrabook that isn't an Ultrabook
The Walking Dead: The Game review
Fleshed out zombie bonanza
Nikon Coolpix S6300 review
Point, shoot and scoot