Think HBR

Transaction by smart watch

Bendigo and Adelaide Bank claimed an Australian technology first on 28 July – a financial transaction enacted by a wearable device.
Chief Executive of Bendigo subsidiary Community Telco Australia, David Joss, used his Samsung Gear 2 smart watch to buy an afternoon tea in a transaction directed through another Bendigo innovation, a mobile payment system that also credits customers with reward dollars they can redirect to community projects.
Bendigo and Adelaide Bank already has a patent pending for its redy payment system. Launched in June, “redy brings a cutting technology edge to our focus on building communities,” said Bendigo’s Executive Customer Voice, Marnie Baker.