26 February 2017
Visit EBAday.com

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

17 April 2014  |  13262 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  |  6932 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  |  8540 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  |  4830 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  |  9057 views  |  0 comments | 24 tweets | 21 linkedin
CaixaBank builds Google Glass and smartwatch apps

CaixaBank builds Google Glass and smartwatch apps

19 February 2014  |  6266 views  |  0 comments | 8 tweets | 19 linkedin
Brits too embarrassed to wear Google Glass

Brits too embarrassed to wear Google Glass

08 January 2014  |  5525 views  |  0 comments | 12 tweets | 4 linkedin

Related blogs

Create a blog about this story (membership required)
Visit contisgroup.comvisit BNP paribasvisit dh.com

Who is commenting?

Top topics

Most viewed Most shared
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
12806 views comments | 52 tweets | 72 linkedin
RBS to become fintech fund and high street outlet for challenger banks under HMT remedyRBS to become fintech fund and high street...
8594 views comments | 40 tweets | 34 linkedin
BNY Mellon seeks blockchain experts for new emerging biz and tech teamBNY Mellon seeks blockchain experts for ne...
6983 views comments | 7 tweets | 4 linkedin
High rate of defaults hit P2P lending sectorHigh rate of defaults hit P2P lending sect...
6841 views comments | 18 tweets | 13 linkedin
hands typing furiouslyBlockchain Technology
6505 views 1 | 17 tweets | 7 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job