Commonwealth Bank of Australia has followed National Australia Bank (NAB) in rolling out contactless payment terminals to select locations.
The technology that could eventually make your bus pass, bank card and coins obsolete is already here -- and it's on its way to your phone.
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.
MasterCard has dismissed criticism its radio frequency identification-based (RFID) PayPass credit card may be susceptible to skimming and interference amid retailer trials of the technology.
MasterCard has announced the first trial of its radio frequency identification (RFID) credit card technology in Australia, which allows card-holders to make small payments without supplying a signature or personal identification number for verification.
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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