05 December 2016
Visit aciworldwide.com

Pay-by-sleeve: Heritage Bank unveils contactless payments suit

17 April 2014  |  13131 views  |  0 two business men in lifts 2

Forget watches and glasses, Aussie bank Heritage thinks it has found the cutting edge of wearable tech - a suit that lets customers make contactless payments through the flick of a sleeve.

The bank 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 has a contactless payments chip and antenna embedded into its sleeve, enabling wearers to make low value payments by brushing their wrists against Visa payWave terminals.

The chip is linked to a Heritage account, with customers able to check their balance and reload their (dry cleanable) suit via the bank's mobile app.

The partners have made 12 prototype 'power suits', sending 11 to customers and putting one on eBay, where at the time of publication it has attracted 16 bids, hitting A$232.50. Proceeds will go to charity 4 ASD Kids.

KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Pebble smartwatch scores hat-trick of finserv apps

Pebble smartwatch scores hat-trick of finserv apps

21 March 2014  |  6858 views  |  1 comments | 8 tweets | 10 linkedin
Researchers use Google Glass to boost ATM security

Researchers use Google Glass to boost ATM security

17 March 2014  |  8403 views  |  4 comments | 20 tweets | 11 linkedin
'OK Glass, which card should I use today?'; Wallaby dons smart specs

'OK Glass, which card should I use today?'; Wallaby dons smart specs

26 February 2014  |  4742 views  |  0 comments | 11 tweets | 5 linkedin
PayPal says the time is right for wearable payments

PayPal says the time is right for wearable payments

24 February 2014  |  8904 views  |  0 comments | 24 tweets | 21 linkedin
CaixaBank builds Google Glass and smartwatch apps

CaixaBank builds Google Glass and smartwatch apps

19 February 2014  |  6188 views  |  0 comments | 8 tweets | 19 linkedin
Brits too embarrassed to wear Google Glass

Brits too embarrassed to wear Google Glass

08 January 2014  |  5448 views  |  0 comments | 12 tweets | 4 linkedin

Related blogs

Create a blog about this story (membership required)
Visit aciworldwide.comVisit VocaLink.comFind out more

Who is commenting?

A Finextra member Finextra Member Commented on: Guesswork alone can cr...
A Finextra member Finextra Member Commented on: Guesswork alone can cr...
A Finextra member Finextra Member Commented on: Guesswork alone can cr...

Top topics

Most viewed Most shared
Royal Mint to issue digital goldRoyal Mint to issue digital gold
6877 views comments | 23 tweets | 24 linkedin
Bank CEOs fret about ROI as startups drive IT arms raceBank CEOs fret about ROI as startups drive...
5987 views comments | 16 tweets | 21 linkedin
hands typing furiouslyBanking UX Design Challenges and Opportuni...
5840 views 0 | 12 tweets | 4 linkedin
Amazon signs up tech firms to financial services cloud programmeAmazon signs up tech firms to financial se...
5826 views comments | 14 tweets | 15 linkedin
R3 and Calypso to develop blockchain trade confirmation systemR3 and Calypso to develop blockchain trade...
5721 views comments | 13 tweets | 13 linkedin

Featured job

Find your next job