Australia’s Bankwest Opens Waiting List for ‘Halo’ Payment Ring [VIDEO]
Australian bank Bankwest has opened a waitlist for its “Halo” payment ring, the first commercial wearable device launched by the bank.
The device uses NFC technology to allow users to pay: simply “first bump” the payment terminal, Bankwest says, and go on your way. The ring, alongside other wearable payment technologies, was first beta’d by 400 staffers at the bank.
The ring is set to officially debut early this year, and will cost $39 dollars per ring for “manufacture, use, and setup,” according to the bank. Take a look at how the technology will work in the video below:
Read more at Bankwest, NFC World, and Finextra.
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