{"id":149,"date":"2017-10-16T00:00:04","date_gmt":"2017-10-16T04:00:04","guid":{"rendered":"\/newsroom\/wework-members-test-cutting-edge-technology-for-instant-payments\/"},"modified":"2020-04-03T15:42:24","modified_gmt":"2020-04-03T19:42:24","slug":"wework-members-test-cutting-edge-technology-for-instant-payments","status":"publish","type":"post","link":"https:\/\/www.wework.com\/ideas\/community-stories\/member-spotlight\/wework-members-test-cutting-edge-technology-for-instant-payments","title":{"rendered":"WeWork members test cutting-edge technology for instant payments"},"content":{"rendered":"

It might look like they\u2019re just sitting down at a desk, but a select group of WeWork members is actually helping to test out the office of the future.<\/p>\n

These individuals\u2014from newly minted startups, growing tech companies, and well-established corporations\u2014are part of the Enterprise Innovation Lab<\/a>, a partnership between WeWork and Mastercard. They\u2019ll be testing out new technology that will transform the workplace into a digitally connected environment.<\/p>\n

Part of WeWork\u2019s vision for the future of work, the new technology will make payment even easier. When members need a place to work, they can walk into a WeWork location and settle in at whatever hot desk they want. If they need a snack to help them power through, they can make a selection at the nearby Honesty Market. And they\u2019ll be able to do all of this without once reaching for their wallet.<\/p>\n

\u201cThe vision is to create a work environment that can be personalized and where access to facilities, equipment and supplies is seamless,\u201d said Stephane Wyper, Mastercard\u2019s senior vice president for new commerce partnerships and commercialization. And all this will happen, he says, without sacrificing security.<\/p>\n

This is the first pilot of Mastercard\u2019s new service to add connectivity to shared spaces. It can create smart environments in any location that has multiple occupants or users\u2014not just co-working spaces, but can also extend to apartment and office buildings, gyms and health clubs, and vacation rentals. It is being developed and deployed in partnership with AVA retail and Cisco.<\/p>\n

For WeWork, it means making it easier for members to focus on what\u2019s important to them.<\/p>\n

\u201cAs WeWork grows its global network that allows people to pursue their life\u2019s work with ease, we believe that technology is a powerful tool that can be leveraged to create more meaningful and efficient experiences,\u201d said Shiva Rajamaran, WeWork\u2019s chief product officer.<\/p>\n

All this is possible through IoT technology. It\u2019s about building spaces where people can connect to each other and create meaning together\u2014all the while using space more effectively and efficiently.<\/p>\n

Mastercard\u2019s technology has two components. The first is a pay-as-you-go pricing model that lets members pay for the exact amount of time they use a desk or a conference room. This could help members save money by letting them pay only for the amount of time they use the facility.<\/p>\n

Here\u2019s how it works: When a member walks into a WeWork space, they will be prompted to open an app and verify their identify with a fingerprint. When they leave the area, their session will end and they will automatically be charged for only the time they used.<\/p>\n

The second component is a frictionless retail experience that allows members to pick up any item from the Honesty Market without having to pull out a physical or digital wallet for payments. All they need to do authenticate themselves once and payment will be automatic for the items they have chosen when they leave the area.<\/p>\n

Rajamaran said that he\u2019s excited that members of the Enterprise Innovation Lab are part of this experiment.<\/p>\n

\u201cWeWork is focused on enhancing business opportunities for our members,\u201d he said, \u201cso we\u2019re thrilled to test these new product offerings with members of the community that are dedicated to the future of commerce.\u201d<\/p>\n

The Enterprise Innovation Lab was announced last month. Working from San Francisco\u2019s WeWork 600 California Street<\/a>, members of the program get access to mentorship opportunities, sponsored memberships, and other perks. New members are brought into the program on a rolling basis.<\/p>\n","protected":false},"excerpt":{"rendered":"

Partnership with Mastercard, Enterprise Innovation Lab debuts latest IoT advances<\/p>\n","protected":false},"author":1715,"featured_media":3000001215,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[43903,43911],"tags":[],"class_list":["post-149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-community-stories","category-member-spotlight"],"acf":[],"yoast_head":"\nWeWork members test cutting-edge technology for instant payments<\/title>\n<meta name=\"description\" content=\"Partnership with Mastercard, Enterprise Innovation Lab debuts latest IoT advances\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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