MasterCard Worldwide is joining with the Commonwealth Bank -- and playing on Australians' love of their mobile phones -- to launch its PayPass cashless payment system down under.
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.
Following some frosty responses to Microsoft's controversial patent deal with Novell last year, the software maker has begun a more aggressive attempt to persuade open-source software companies to license its know-how.
Questions have been raised as to whether Big Brother's Web site is truly secure despite claims by Network Ten that subscribers' credit card details weren't compromised.
Large banks are looking to scale their traditional payment infrastructures to handle micropayments technologies, which means they are likely to end up competing with -- or acquiring -- companies like PayPal.
Sibos 2006 organisers had probably spent more on security than any other exhibition I have been to; however, all it took was a friendly gesture from one security guard to create a gaping hole in the security infrastructure.
Macquarie Bank has sold Lime Taxis, its idiosyncratic fleet of Sydney cabs, but the investment bank has kept its hands on the company's fare transaction technology.
Australian MasterCard executives are awaiting the results of a joint trial with Nokia in the United States of new technologies that allow individuals to use their mobile phones as credit cards before implementing any local program.
Nokia and MasterCard launch a US trial of a new breed of mobile phone technology that lets people use their Nokia phones as credit cards.
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