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

  • Mega trends will challenge transport technology
    June 5, 2015
    Jon Masters investigates some of the longer term trends that will shape transportation over the next 20 years. Business analysts and investors have already placed their bets on a future of technological smart mobility services. In December last year, the Wall Street Journal reported that Uber, the on-demand taxi and lift share smartphone app and start-up business, had been valued at $41.2 billion which, as the Journal reported, is an incredible vote of confidence for a company only five years old.
    Read More
  • Q&A Oberthur
    November 5, 2014
    Didier Lamouche, president and CEO of Oberthur Technologies (OT), explains what ‘users on the move’ means to his company and what can be done about hackers
    Read More
  • Conduent launches seamless app in Valence, France
    November 9, 2017
    Condeunt’s Seamless app has been made available to bus users in the Valence area and can be downloaded to their Near Field Communication (NFC)-enabled smartphones to pay for travel on all 147 Valence Romans Déplacements (VRD)-operated buses. The system can be installed by both transportation operators and users and is compatible with all mobile phone operators. It will be available for use with Bluetooth-enabled Apple iPhones in January 2018.
    Read More
  • Mexico expands free-flow tolling’s boundaries
    June 14, 2017
    Mexico is implementing one of the world’s largest remote tolling systems backed by Indra’s technology. By Andrew Bardin Williams. Mexico recently implemented one of the largest remote toll systems in the world, covering 4,000km of the country’s public highways. Deployed and maintained by Spanish consulting and technology company Indra, in cooperation with the public utility Caminos y Puentes Federales (CAPUFE), the system allows drivers to pay tolls without stopping by using a TAG electronic device installe
    Read More

Highlighted Content