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

  • Singapore LTA extends contactless Visa payments
    May 23, 2019
    Singapore’s Land Transport Authority (LTA) is to extend its SimplyGo system to allow commuters to pay for transport via Visa contactless cards from 6 June. The move follows an initial launch in which SimplyGo was made available for commuters using Mastercard in March. Yeo Teck Guan, LTA senior group director, public transport, says: “We are seeing a steady uptake in usage since its launch, with an average of over 120,000 daily trips. With the inclusion of Visa, more commuters will benefit,” Users
    Read More
  • Video sensor system collecting traffic data at service stations in Ireland
    July 4, 2012
    Citilog is deploying XCam-td video sensors at Topaz, which has over 300 service stations throughout Ireland, in order to gather traffic data at the entrance and at multiple locations on roads leading to a service station. This gives Topaz accurate traffic counts and comparison data on vehicles traffic passing and entering the service station forecourt.
    Read More
  • TagMaster heavy-duty ID-tags for mainline rail project in China
    April 23, 2012
    Sweden-headquartered RFID specialist TagMaster has received an order from Richor, the company’s premium Chinese distributor, to supply 10,000 Heavy-duty ID-tags. These customised 2.45 GHz ID-tags form part of several equipment orders relating to the Letter of Intent announced in May 2011, which covers the joint development of an RFID system for use on mainline railways in China.
    Read More
  • Tolling: it’s time to open up
    May 24, 2023
    Europe sees more and more tolling schemes being implemented based on GNSS technology and an ‘open marketplace’ model. What are the drivers behind this trend and do those schemes show how toll systems will look in the future? Peter Ummenhofer of Go Consulting goes out on the road
    Read More

Highlighted Content