Australia-based Heritage Bank has announced it tapped into the next generation of wearable technology with a revolutionary solution. It has teamed up with local tailor MJ Bale and ad agency Whybin\TBWA to develop a ‘payweave’ suit made from the finest Australian merino wool.
The suit will enable contactless payments through the flick of a sleeve. A contactless payment chip is embedded into the sleeve with an antenna. As a result, low value payments can be made by users who brush their wrists against Visa payWave terminals.
The embedded chip is linked to a heritage account which can be monitored and reloaded via the bank’s mobile application.
Twelve dry cleanable prototypes named ‘power suits’ have been made so far with eleven sent to customers and one being put on eBay. At the time of publication it had over 25 bids; the winning bid was just over USD500. Proceeds will go to charity 4 ASD Kids.
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