The suit that pays for your purchases
The ‘Power Suit’, tailored by M.J. Bale, enables the wearer to purchase items at any Visa payWave terminal simply by swiping their sleeve.
Earlier this month, 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 suave suit lets the wearer pay for items at Visa payWave terminals with a simple swipe of their cuff.
Japanese tailors MJ Bale have hand-stitched the outfit, which is made from Australian merino wool, spun by Italian weavers.
Marketed as “wearable technology that a gentleman would actually wear,” the Power Suit is being tested on 11 lucky customers at the moment. A 12th prototype was recently auctioned off on eBay, with proceeds going to charity.
Swedish company Quixter recently developed a payment method based on “vein-scanning,” which works by scanning the unique vein patterns in each person’s palm and allows consumers to pay for goods by placing their hand to a scanner for less than five seconds.