People must spend a lot of money when the weather starts to get warmer. For some reason, we’ve been seeing a lot of new technologies for payment systems of late. While the innovation has been pretty incredible, it makes me want to save money.
About a month ago, Australia’s Heritage Bank teamed up with Visa to launch The Heritage Power Suit. It’s a wearable technology outfit with an inbuilt payment chip sewn into the sleeve. The slick suit allows businessmen and those dressed for success to pay for items at Visa payWave terminals with a simple swipe of their sleeve cuff. Japanese tailors MJ Bale have hand-stitched the outfit, which was also spun by Italian weavers.
The new technology is currently being market-tested by 11 lucky customers. It’s being marketed as “wearable technology that a gentleman would actually wear”. There was a twelfth suit that was auctioned off on eBay for charity. It’ll be interesting to see if the suite takes off and becomes actually popular.
The payment system craze might be a little much. I mean do we really need something in our suit cuff that pays for things? This might be the easiest way to steal people’s identity and money. We’re not so sure about this idea. You?
