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

  • Traffic Tech wins parking contracts
    April 20, 2012
    Traffic Tech (Gulf), currently the sole provider of parking management systems (PMS) at The Pearl, in Qatar, has been awarded two new PMS contracts to be implemented at Medina Centrale and Qanat Quartier Districts. The company will supply, install, commission, operate, and maintain complete car parking systems with revenue control and management systems in ten buildings that house retail and residential areas at Medina Centrale and Qanat Quartier districts. Traffic Tech first implemented PMS at the district
    Read More
  • Future of tolling: the priorities
    January 14, 2020
    In the final part of his investigation into the future of tolling technology, Josef Czako of Moving Forward Consulting asks what industry figures see as the priorities going forward…
    Read More
  • Cubic to upgrade Miami Transit’s payment systems
    August 3, 2016
    Cubic Transportation Systems (CTS) has been awarded a $33 million contract by the Miami-Dade County’s Department of Transportation and Public Works (DTPW) to modernise the Cubic-supplied EASY Card revenue management system and provide 10 years of back office cloud computing and support services. The project provides a significant technology refresh and expansion of customer services at a fraction of the cost for new system procurement. The award includes Cubic’s contactless bankcard and near field commun
    Read More
  • Commuting habits come under scrutiny
    March 28, 2017
    Cities have a moral responsibility to encourage the smart use of transportation and Andrew Bardin Williams hears a few suggestions. Given the choice of getting a root canal, doing household chores, filing taxes, eating anchovies or commuting to work, nearly two-thirds of Americans said that they wouldn’t mind commuting into work—at least according to a poll conducted by Xerox (now Conduent) over its social media channels at the end of 2016.
    Read More

Highlighted Content