The Heritage Bank Power Suit pays for your purchases
Australia’s Heritage Bank teamed up with Visa to launch The Heritage Power Suit, a wearable technology outfit with an inbuilt payment chip sewn into its sleeve.
The bank is using the same NFC chip used in the VISA payWave terminals, but instead of embedding them in a card, they are woven inside the sleeve of a suit. The chip is then linked to the account of the user. 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.
The suit is made from fine merino wool and is tailored by MJ Bale.
Heritage Bank donates all the money paid for the Power Suits to 4 ASD (Autism Spectrum Disorders) Kids. This actually means that the Power Suit, enables users of this wearable tech garment, to pay for purchases using their sleeves, and donate to a charitable organization at the same time.