What's New in Payments

NAB lets merchants accept Visa contactless payments on standard Android smartphones

Your smartphone will soon double as an Eftpos terminal as Quest partners with NAB and Visa — Quest — “Quest Payment Systems (Quest), in conjunction with NAB and Visa, has launched a trial which allows merchants to accept card payments using their Android smartphone. Customers simply tap the merchant’s phone with a contactless card or mobile wallet. No additional payment terminal hardware or dongle is required, allowing small businesses to start accepting payments quickly using their existing mobile device.”


Transit Ticketing Today

Sydney extends Opal transit card benefits to contactless and mobile payments users

Savings for commuters using contactless payments — Commonwealth Bank of Australia — “Commuters using contactless payments will now also receive Opal travel benefits, including: Daily, weekly and Sunday travel caps in line with Opal caps; Weekly travel reward (half price after eight trips); The Opal transfer discount; Off-peak pricing for train travel… The trial is also extending to the Sydney bus network in a staged roll-out over the coming months.”


What's New in Payments

CBA builds location tracking security into mobile banking app

CBA app wants your location, biometrics in name of security — CIO Australia — “If we see a transaction coming out of Hong Kong but we know from a customer’s phone they’re in Melbourne or Sydney: straight away that gives us an opportunity to spot a discrepancy and block it straight away… If we’re not sure we’ll pop into the app with a question in real time and we ask the customer to help us, and they can swipe or click to say yep I’m comfortable with this or no this is something I don’t recognise.”



What's New in Payments

Domino’s pilots cashless stores in Australia

Domino’s Is starting to ditch cash payments — Gizmodo Australia — “The pizza maker is calling it ‘Tap & Take’ and is positioning it as a way to make the ordering process both quicker and more convenient… Domino’s has stated that the participating stores will accept ‘all forms of payment’, except for cash. This includes card payments, PayPal, Apple Pay, Android Pay, EFTPOS to door and Instagift.”




Transit Ticketing Today

Queensland to roll out state-wide open loop ticketing for trains, buses and ferries

Train and bus ticketing via phones and plastic to be tested in regional Queensland — ABC News — “The new system allows train, bus and ferry rides to be paid for with the swipe of a credit or debit card, smartphone wallet or smartwatch… The project in Queensland comes with a A$371m (US$257m) price tag, but unlike systems interstate and overseas, it will take in regional cities including Cairns, Townsville, Mackay and the Gold Coast.”



What's New in Payments

TNS reports on consumer attitudes to wearable payments

TNS report shows alternative and cashless payments adoption at an inflection point with security a concern to wider usage — TNS — “44% of respondents are willing to make a payment using a wearable device like a ring or a bracelet; just under two-thirds (65%) expressed that security concerns would stop them from using a wearable device to make a payment; Australians are most concerned about security (68%) versus Americans (64%) and Britons (63%); more than half of male smartwatch owners have used it to make a payment.”


What's New in Payments

Analyst: Rise of OEM Pay smartphone wallets to cost banks US$15bn — in Australia alone

$22b of bank revenue at risk from smartphone wallets: Morgan Stanley — The Australian Financial Review — “Smartphone digital wallets offered by Google, Apple and other technology giants will put A$22bn of revenue across the major Australian banks at risk, according to Morgan Stanley… Its analysts came to that figure after looking into how a banks’ payments capability influences decisions relating to other products. This includes transaction accounts that give major banks an opportunity to cross-sell customers more profitable products such as mortgages.”


NFC World

iPhone NFC ticketing goes live at Brisbane’s Suncorp Stadium

Ticketek contactless tickets on iPhone and Apple Watch go live — TEG — “Ticketek, the Australian leader in ticketing, announced today [that] Suncorp Stadium in Brisbane is Australia’s first sport and entertainment stadium to offer convenient and fast contactless tickets on iPhone and Apple Watch… Contactless tickets on iPhone and Apple Watch will be rolled out to further venues across Australia in the coming months.”


What's New in Payments

National Australia Bank goes live with Apple Pay

Australian ‘big four’ bank NAB adopts Apple Pay, Westpac lone holdout — AppleInsider — “National Australia Bank (NAB) on Monday announced immediate support for Apple Pay, becoming the third of Australia’s ‘big four’ banks to integrate with Apple’s payments platform after a failed boycott… With NAB on board, Westpac becomes the last of Australia’s ‘big four’ banks to resist Apple Pay.”








Transit Ticketing Today

Public Transport Victoria picks NXP’s Mifare 2GO platform for multimodal NFC ticketing

NXP takes Melbourne Transit (Myki) mobile with Google Pay integration for trains, buses and trams — NXP — PARTNER NEWS — “NXP’s Mifare 2GO cloud service is the first to work with Google Pay to enable mobile ticketing in multiple transportation modes and scalability across all compatible Android NFC-enabled phones, giving citizens convenient and efficient travel options in smart cities.”