EFTPOS operator EFTPOS Payments Australia Limited (ePal) kicked off a trial of Europay, MasterCard and Visa (EMV) chip cards within Bendigo and Adelaide Bank, pledging a full EMV roll-out within 12 months.
The EMV standard sees EFTPOS installing chips into its cards to shore up security and "support innovation", the operator said in a statement today.
Staff of Bendigo and Adelaide Bank have been provided with the new EMV-enabled cards in a pilot program, before a national roll-out in the second half of 2012.
Bruce Mansfield, ePal's managing director, said that the EMV roll-out is necessary to support a move towards contactless and near-field communications (NFC) payments in the future.
"EMV is a priority, as it provides the necessary platform for a number of important service enhancements to be introduced over the next five years, including contactless and mobile proximity payments. The roll-out of innovative new services will ensure EFTPOS continues to compete effectively with foreign-owned MasterCard and Visa, now and in the future," Mansfield said.
ePal added that it has teamed with a five vendors for the pilot for security and hardware.
Mansfield told ZDNet Australia recently of the EFTPOS operator's plans to establish an Australian payments industry council to deploy contactless and mobile-based payments into the local market.