NFC payment rollout in Australia

Australia’s largest bank, the Commonwealth Bank of Australia, is adding multiple mobile phone-based payment options to its range of mobile banking services.
March 13, 2012 Read time: 1 min
RSSAustralia’s largest bank, the 3841 Commonwealth Bank of Australia, is adding multiple mobile phone-based payment options to its range of mobile banking services. Giesecke & Devrient (G&D) is providing the technology to allow secure contactless payments using mobile phones featuring Near Field Communication (NFC).

In the first phase, Commonwealth Bank is giving iPhone 4 and 4S owners the opportunity to transfer their MasterCard PayPass details onto their smartphone. Since the iPhone does not currently feature an NFC chip for contactless payment, a special cover with a secure element has been developed for iPhones to enable NFC data transfer. The iPhone cover, which can be ordered through Commonwealth Bank, is hooked up to the iPhone data interface and automatically communicates with the “Commbank Kaching” app installed on the iPhone. In the next phase, this set of mobile payment functions will also be made available to Android users.

Over the last few years, Commonwealth Bank has pioneered the deployment of contactless technology in Australia. It has supplied the bulk of its customers with contactless dual interface cards which are accepted for making payments at over 42,000 locations in Australia.
Charging, Tolling & RUC

For more information on companies in this article

Related Content

  • Strike action prompts commuters to try something different
    June 2, 2014
    David Crawford highlights responses to transit disruption on both sides of the Atlantic. Shortly before workers at San Francisco Bay Area Rapid Transit (BART) began a lengthy round of pay and conditions-related strikes in summer 2013, impacting on the daily lives of 400,000 communities, online ridesharing group Avego publicised a new web address: bartstrike.com. By the start of the following week, Avego was encouraging stranded commuters to download its smartphone app by offering them the chance in a raffle
    Read More
  • App taps into world’s largest and most complex real time passenger info system
    July 11, 2012
    Transport for London’s (TfL) award winning Countdown System delivers bus real time information for every one of the 19,000 bus stops and 700 routes in London is claimed to be the largest and most technically complex real time passenger information system of its kind in the world. In 2009 Telent was awarded the contract by TfL to develop the Countdown software to deliver web and mobile content.
    Read More
  • Singapore aims for cashless public transport by 2020
    August 11, 2017
    Singapore’s Land Transport Authority (LTA) and TransitLink are working towards a fully cashless vision for public transport by 2020, as part of their Smart Nation efforts. LTA and TransitLink are to launch a series of initiatives where commuters will no longer use cash to pay for rides or to top up stored-value cards. A key part of this is account-based ticketing, which LTA has been piloting with Mastercard since March 2017. This provides commuters with the convenience of tapping in and out with contactless
    Read More
  • Apple’s arrival on payment scene is ‘tipping point’ in e-payments, says Verifone boss
    November 4, 2014
    The new Apple Pay system will give a major boost to the contactless payment sector, industry experts believe. The benefits of such an influential name lending its weight to NFC devices are considerable, says June Yee Felix (right), president of Verifone Europe. “Apple Pay is something wonderful for our industry,”she told several hundred delegates attending the Opening Summit of CARTES SECURE CONNEXIONS 2014. “They have engaged the consumer.
    Read More

Highlighted Content