More NFC tags to hit Australia for Christmas

More NFC tags to hit Australia for Christmas

Summary: With the Commonwealth Bank announcing it will support NFC tags that enable contactless payments, smaller banks have now revealed that they too are completing trials and plan to expand by the end of the year.

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Cuscal and bankmecu are nearing the end of a trial of near-field communication (NFC) tags backed by Visa payWave technology.

The tags attach to the back of a mobile phone and are linked to existing Visa accounts. They are similar to the tags recently rolled out by the Commonwealth Bank and Coles for MasterCard's Pay Tag technology.

The trial has been running since September, and Cuscal customer bankmecu expects to extend this to its customer base over the next few months.

"With this pilot now successfully complete, we are excited to be able to support our mutual sector clients to extend this novel mobile payment solution to their 2 million collective cardholders," Cuscal general manager of product and service Adrian Lovney said in a statement.

Other Cuscal customers seeking to implement the technology include People's Choice Credit Union.

"Many of our clients, including bankmecu, are intent on rolling this out to their cardholders in the coming months, potentially even before Christmas," Lovney said.

Topics: E-Commerce, Banking, Australia

Michael Lee

About Michael Lee

A Sydney, Australia-based journalist, Michael Lee covers a gamut of news in the technology space including information security, state Government initiatives, and local startups.

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2 comments
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  • NFC for credit cards - your new way of being robbed!

    Just in case you werent sure the NFC for credit cards is the way that the seasonal international gangs have been using to attempt to - and in some cases succeed in - robbing you blind. All they need do is have the right equipment in a crowd close to where your wallet or purse would be to get your NFC credit card to make contact.

    Get used to buying business card folders made of metal and inserting the cards into them if you really want to be safe in the future. After all, a metal case is a good defacto Faraday cage and that is what you will need to stop it contacting when you dont want it to do so.
    greg-w-h
  • ecommerce to get speed up

    mobile payments platform is going to be spread out than ever in AU. It's going to gain traction if the more banks can come up with this to their customers.
    Ashiqul Islam