LEAVE your card, wallet or cash at home — wristbands are the latest way to pay.
British financial services giant Barclays
has created a new cashless way for customers to complete a transaction
by wearing a wristband containing their bank details which can be
scanned at the check-out.
The latest innovation is being trialled
in the UK and follows a flock of others worldwide technologies to
recently hit the global stage.
A chip embedded inside the sleeve
of a suit jacket and paying by hand using vein technology are among the
host of new ways customers can pay.
The waterproof device contains
a chip with the customer’s payment information allowing them to
complete a “contactless transaction” by simply swiping the wristband at
the check-out.
Australian Payments and Clearing Association’s chief executive Chris
Hamilton said these developing technologies were constantly being
rolled out and would eventually filter through to Australia.
“One
of the things we are keen to do in the payments industry is to build
these bits of infrastructure like the contactless authorisation card
system that can be used for other innovations,’’ he said.
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