Is NFC Best ‘Suited’ For Business Dress?

An Australian tailor reportedly has something up its sleeve: a Near Field Communication chip in so-called “power suits” it’s designing for businessmen.

The wearable technology from M.J. Bale reportedly will enable wearers of the suits to chop wherever Visa payWave contactless transactions are accepted, reports Mobile Commerce Press.

Funds used to make purchases would be deducted automated from the registered account at Australia’s Heritage Bank. Transactions, though, must be less than $100.

“The prototype means the wearer doesn’t need to ruin the cut of their trousers or jacket with a bulky wallet,” said M.J. Bale CEO Matt Jensen. “It allows individuals to be ahead of the technology game and look top notch.”

According to Heritage Bank’s website, the “Peaweave” suits are being made in Japan from the finest Australian merino wool. “ We’ve already tailored a trial run of suits to test the concept, and have released 11 prototypes to a number of lucky customers around the country,” the bank said. “The 12th suit recently sold via a charity auction for $510.”

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