Commonwealth Bank trials Australia's first contactless payment system

 

In an Australian first, the Commonwealth Bank of Australia is piloting a contactless payment solution that supports both credit card and prepaid mobile phone payments at the MasterCard Masters Golf Tournament.

Using Silicon Valley-based ViVOtech’s ViVOnfc infrastructure software for Near Field Communication mobile phone payments, the NFC phones, which will be given away at the MasterCard Masters Golf Tournament launch, can be used throughout the country for payment at any contactless-enabled store.

“We’re really excited to be the first Australian bank to trial contactless payment technology using Near Field Communication,” said Lynda McMillan, executive manager, Credit Cards Issuing at the Commonwealth Bank. “ViVOtech’s NFC payment solution was selected because of its easy to use wallet interface for users and the company’s proven and highly secure OTA provisioning infrastructure to easily manage credit and debit card downloads.”

For this trial program, ViVOtech is supplying Commonwealth Bank with its full line of NFC-enabled payment products including: a Commonwealth Bank-branded ViVOwallet mobile phone user interface; a ViVOnfc Issuer Server that provides over-the-air loading and personalisation of card details into the mobile phones; and a ViVOnfc Control Server to provide over-the-air management of wallet loading and personalisation.

Michael Mullagh, ViVOtech CEO said the launch of this program will allow Australian consumers to use their mobile phones for credit and debit payments at contactless merchant locations across the country.

This trial marks ViVOtech’s entry into the Australian market.

Copyright © iTnews.com.au . All rights reserved.


Commonwealth Bank trials Australia's first contactless payment system
 
 
 
Top Stories
How hard do you hack back?
[Blog post] Taking the offensive could have unintended consequences.
 
Five zero-cost ways to improve MySQL performance
How to easily boost MySQL throughput by up to 5x.
 
The big winners from Defence’s back-office IT refresh
Updated: The full list of subcontractors.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest articles on BIT Latest Articles from BIT
This 4G smartphone costs $219
Sep 3, 2014
It's possible to spend a lot less on a smartphone if you're prepared to go with a brand you ...
Looking for storage? Seagate has five new small business NAS devices
Aug 22, 2014
Seagate has announced a new portfolio of Networked Attached Storage (NAS) solutions specifically ...
Run a small business in western Sydney?
Aug 15, 2014
This event might be of interest if you're looking to meet other people with a similar interest ...
Buying a tablet? Microsoft's Surface Pro 3 goes on sale this month
Aug 8, 2014
Microsoft has announced its Surface Pro 3 will go on sale in Australia on 28 August from ...
Apple's top MacBook Pro with Retina is now cheaper
Aug 1, 2014
Apple has updated its MacBook Pro range with faster processors and new pricing, including ...
Latest Comments
Polls
Which is the most prevalent cyber attack method your organisation faces?




   |   View results
Phishing and social engineering
  68%
 
Advanced persistent threats
  3%
 
Unpatched or unsupported software vulnerabilities
  11%
 
Denial of service attacks
  6%
 
Insider threats
  12%
TOTAL VOTES: 1024

Vote