Telstra, National Australia Bank and Visa have joined forces to test out near field communications (NFC) -- a technology which allows users to pay for goods by placing their mobile phone on a reader.
Australia's central bank has criticised the nation's four largest commercial banks for shirking on investments in payment systems technology, resulting in a lack of innovation and neglect of systems like EFTPOS.
National Australia Bank is overhauling its network of 1600 ATMs to run on Windows XP and Internet protocol networks.
National Australia Bank in June will start trialling technology where chat-bots or what NAB calls "virtual agents" handle customer requests online -- a task handled by call centre agents today.
Australia's AU$90 million per annum credit card fraud bill is too small to force the rollout of chip and PIN card reading technology, says the chief executive of the Australian Payments Clearing Association.
Near field communications -- or NFC -- may sound like another dull mobile acronym. However, the reality is a smooth system that will delight the lazy and impatient.
Most of Australia's major banks are just beginning massive IT projects which will see them refresh their core banking systems. But as HSBC's Australian CIO Brenton Hush tells ZDNet.com.au, the global bank's local operation is already ahead.
The Commonwealth Bank stands alone as the only top tier bank in Australia with its sights on biometrics as a means to improve security for its customers -- but critics say the technology is still too young.
3D storage for digital video steps into the future with the development of a holographic recorder that can hold 100GB of data – enough for 20 full-length movies.
Microsoft's Passport, a core piece of .NET, could make you prone to identity theft. A single sign-on might be convenient, but a simple worm could easily nab your name and password.
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