Tailor M.J. Bale has created clothing with a contactless payment chip that works at any Visa payWave terminal.
The ‘Power Suit’, tailored by M.J. Bale and powered by Heritage Bank‘s cutting-edge payment technology, enables the wearer to purchase items at any Visa payWave terminal simply by swiping their sleeve. Made from the finest Australian merino wool, the suit features a contactless payment chip and antenna fused into the sleeve.
The balance of the Power Suit can be checked and topped up with a linked Heritage Bank prepaid account accessible online or through an app. Eleven prototypes have been released to customers, with another being auctioned off on eBay. The proceeds of this are going to the charity 4 ASD Kids, which supports children with autism spectrum disorders.
You can check out the suit in the video below:
Another recent example of paying with just the flick of your wrist is the Bitcoin bracelet by wearable technology startup MEVU. It uses an advanced InvenSense motion sensor for gesture functionality and transmits transactions to a point-of-sale device using Bluetooth Low Energy. Its creators believe the bracelet would be great for micro-transactions such as tipping.